Facebook will not become a media company: CEO

 30 Aug 2016 - 0:00

Rome: Facebook Inc will not become a media company, its founder and CEO Mark Zuckerberg said yesterday, 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 Zuckerberg said his firm had no ambitions to become a content provider. “No, we are a tech company, not a media company,” said 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, 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, Zuckerberg and his wife Priscilla Chan had a private audience with Pope Francis. Zuckerberg said he gave the Argentine pontiff a model of Aquila, Facebook’s lightweight solar-powered drone.

Reuters

Rome: Facebook Inc will not become a media company, its founder and CEO Mark Zuckerberg said yesterday, 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 Zuckerberg said his firm had no ambitions to become a content provider. “No, we are a tech company, not a media company,” said 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, 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, Zuckerberg and his wife Priscilla Chan had a private audience with Pope Francis. Zuckerberg said he gave the Argentine pontiff a model of Aquila, Facebook’s lightweight solar-powered drone.

Reuters