‘Future is private’ Mark Zuckerberg announces big change to Facebook
The Latest on Mark Zuckerberg's keynote speech at Facebook's annual F8 developers conference. Facebook CEO Mark Zuckerberg is declaring at the social networking company's biggest conference of the year that the "future is private."
Zuckerberg is using the Tuesday keynote address to sum up his plan to turn Facebook and its related services into the equivalent of digital living room where people can share things in more private ways than they currently can on Facebook's main social network, now populated by more than 2.2 billion users.
Zuckerberg launched this new emphasis earlier this year as Facebook tries to recover from a series of huge privacy lapses that have rocked the company over the past 15 months. It continues to run a highly profitable business built on collecting personal information from its users so it can sell ads targeted to their interests.
But Facebook has acknowledged its inability to protect its users privacy could result in a $3 billion to $5 billion fine by the Federal Trade Commission. Last week, the company said it is setting aside $3 billion to cover a possible fine from the Federal Trade Commission over privacy violations. Facebook has also suffered hacks, allowed hate speech and live-streamed mass-shooting horror.