Facebook CEO Says Group Will Not Become A Media Company
Rome: Facebook Inc. will not become a media company, its founder and CEO Mark Zuckerberg said on Monday, telling students the firm would remain a technology platform.
An increasing number of users are turning to social media networks, such as Facebook and Twitter, to find their news, but Mr Zuckerberg said his firm had no ambitions to become a content provider.
"No, we are a tech company, not a media company," said Mr Zuckerberg, after a young Italian asked him whether Facebook intended to become a news editor.
While acknowledging the role Facebook has in supplying users with news through their connections and stressing the advantages of obtaining information from different parts of the world, Mr Zuckerberg said Facebook was "a technology company, we build the tools, we do not produce any content".
"The world needs news companies, but also technology platforms, like what we do, and we take our role in this very seriously," he said, speaking from Rome's Luiss university.
Earlier on Monday, Mr Zuckerberg and his wife Priscilla Chan had a private audience with Pope Francis. It was the latest in a string of meetings the pontiff has held with Silicon Valley leaders, including Apple CEO Tim Cook and Alphabet's boss Eric Schmidt.
Mr Zuckerberg said he gave the Argentine pontiff a model of Aquila, Facebook's lightweight solar-powered drone aimed at beaming lasers to extend internet access to places that have yet to be connected.
"We ... discussed the importance of connecting people, especially in parts of the world without internet access," Mr Zuckerberg posted on his personal Facebook profile after the meeting.
Mr Zuckerberg also on Monday met Italian Prime Minister Matteo Renzi, who is pushing to upgrade Italy's limited internet infrastructure.
(This story has not been edited by NDTV staff and is auto-generated from a syndicated feed.)
-
AI Bias In Investing Cannot Be Eliminated, But It Can Be Governed
Framing is a particularly important example as identical financial information presented in terms of gains rather than losses can lead an LLM to reach a different assessment.
-
Joining The Dots | Dark Skies, Steady Diya: Why Hope Holds This Diwali
With war, a weak rupee and foreign outflows weighing on sentiment, policymakers at the NDTV World Summit and market veterans at NDTV Profit Ignite: Diwali Edition offered the same advice: stay invested and filter out the noise.
-
The Curious Case of Equitas Small Finance Bank And A CEO Who Quit For Stock
PN Vasudevan believes persistent investor concerns over a perceived conflict of interest had become a governance overhang on Equitas Small Finance Bank's stock, even as the lender improved profitability and asset quality.
-
Talking Points This Week: AI Cash Burn, A Tiger Comeback And An India That Still Finds Its Own Path
India is not immune to higher oil or tighter global liquidity, yet its earnings base is broader, its domestic policy levers are still available.
-
Foreign Investors Own Half Of HDFC Bank and ICICI Bank. An LTCG Cut Could Matter Most Here
Foreign portfolio investors have US$115 billion parked in HDFC Bank, ICICI Bank. If the government cuts long-term capital gains tax, Jefferies says returning foreign money could land here first.
-
'Never Seen This Level Of Negativity': Sandeep Tandon Says The Next Rally May Be Closer Than You Think
Veteran investor Sandeep Tandon says foreign selling is easing, large-caps are due a comeback and mid-caps are crowded, while he turns positive on gold, power and pharma this Diwali.
-
Indians Stay With Family, Not In Hotels | The Reason Why
India still lacks enough clean, reliable and affordable hotels for budget-conscious travellers.
-
The Economic Imperative: Analysing The Material Driving Force Behind India-Canada Strategic Reset
This economic complementarity is further reinforced by deep institutional investment ties and talent mobility, which form the bedrock of the bilateral framework.
-
Medicine Pricing: Where Must Profit Stop?
India must confront excessive margins, hidden incentives and regulatory gaps that threaten the integrity of medicine.
-
Why Amazon And Flipkart Are Struggling To Beat Meesho In India's Smaller Cities
With 274 million users and lowest-cost logistics, Meesho is defending its value commerce crown against giants like Amazon and Flipkart.