Monday, April 19, 2021
Home Lead Story Jack Ma asks Zuckerberg to 'fix' Facebook

Jack Ma asks Zuckerberg to ‘fix’ Facebook

Globalisation has not been inclusive enough in the past decades, but there are ways to fix it, Ma said

Jack Ma, founder and chairman of Chinese e-commerce giant Alibaba Group, has asked Facebook CEO Mark Zuckerberg to “fix” the social networking giant that is mired in data breach controversy. Attending the Boao Forum for Asia annual conference, which runs from April 8 to 11, Ma told delegates that Zuckerberg should “really take it seriously”.

facebook
Facebook was accused of leaking data to Cambridge Analytica earlier this year.

“It is the time to fix it. It is the time for the CEO to really take it seriously. I think the problems will be solved,” Ma said. Zuckerberg told Congress in written testimony on Monday that he was “responsible for” not preventing the social media platform from being used for harm, including fake news, foreign interference in elections and hate speech.

“We didn’t take a broad enough view of our responsibility and that was a big mistake,” Xinhua news agency quoted Zuckerburg as saying in a prepared testimony released by the US House Energy and Commerce Committee.

“It was my mistake, and I’m sorry. I started Facebook, I run it and I’m responsible for what happens here,” he said in the remarks he is expected to deliver in a hearing on Wednesday.

His apology came after the social media giant found itself embroiled in a widening scandal that a British data firm called Cambridge Analytica had improperly gathered detailed Facebook information on 87 million users, up from a previous estimate of more than 50 million.

Also Read: Facebook junks project to collect patients’ health data: Report

On US-China trade war, Ma said it was normal for the world’s two biggest economies to have problems with trade, but tackling them with a trade war is just like treating a flu with chemotherapies.

“You are not solving the problem of the cold, you are destroying the whole body, the whole system,” Ma made the comment while attending a dinner with International Monetary Fund Managing Director Christine Lagarde. Ma said that trade is about mutual respect and that nobody can stop globalisation.

“Trade is about rules and negotiations. If trade stops, war starts,” he said. Speaking of the US-China trade deficit, Ma dismissed the issue as a problem, citing economic growth and a low jobless rate in the US as well as huge profit made by US firms in the bilateral trade.

“Today as a businessman, I don’t feel that trade deficit is a problem,” he said. For her part, Lagarde also warned of the risk of temptation for inward policies, protectionism and closing off to the outside world.

facebook
The social media app is in news for all the wrong reasons lately. VOA

She suggested reducing trade barriers in the service industry where there is “a big, big upside” in promoting openness. The executive also cautioned challenges to the global economy, including corporate debt and demographic change, saying that “the sun is shining, but we have to look at the cloud arising”.

Globalisation has not been inclusive enough in the past decades, but there are ways to fix it, Ma said. He also said the world is facing a lot of challenges from poverty, environment and technology, noting that innovation is the only way to solve these challenges and problems. IANS

STAY CONNECTED

19,517FansLike
362FollowersFollow
1,773FollowersFollow

Most Popular

‘Lost Golden City’ Of Luxor

By- Khushi Bisht Archeologists recently unearthed a 3000-year-old Egyptian wonder known as the 'Lost Golden City of Luxor,' near the 'Valley of Kings', a burial...

COVID Vaccine Might Be Less Effective For People With Blood Cancer: Study

The two-dose mRNA Covid-19 vaccine may be aless effective' in people undergoing treatment for certain types of blood cancers, researchers have claimed in two new...

Oral Antiviral Drug Shows Potential Prevention Against COVID-19

An experimental oral antiviral drug has shown potential in prevention and treatment of SARS-CoV-2, the virus causing Covid-19 infections, say researchers. The antiviral -- MK-4482...

The Power Of The Placebo Effect

BY- JAYA CHOUDHARY The mind can hold tremendous power over bodies. People walking on coal without showing any signs of discomfort. Ordinary people performing superhuman...

Ashtottaram 47) OṀ MĀTRUBHŨMYAI NAMAH:

By Devakinanda Pasupuleti Ashtottaram 47) OṀ MĀTRUBHŨMYAI NAMAH: OṀ (AUM) -MAA-ṪRU-BHOO-MYAI—NA-MA-H ॐ मातृभूम्यै नमः                                            (Mātru: Mother, one who is honored or worshipped) Please Follow NewsGram on Facebook To Get Latest...

‘As A Hindu I Feel The Kumbh Mela Shouldn’t Have Taken Place’, Says Singer Sonu Nigam

Noted singer Sonu Nigam on Sunday reacted to the Kumbh Mela being made symbolic for this year due to the ongoing Covid-19 pandemic. The...

Scott Rudin To ‘Step Back’ After Bullying Allegations

Amid mounting anger over allegations of bullying, Broadway and Hollywood producer Scott Rudin broke his silence Saturday, saying he was "profoundly sorry" and would...

How Is India’s Second Wave Of Covid-19 Different From First?

The second wave of the coronavirus pandemic in India is different from the first one in September 2020 as the rate of increase in...

Recent Comments