Mark Zuckerberg to explore cryptocurrency and put power into people's hands

Mark Zuckerberg to explore cryptocurrency and put power into people's hands

"I think he's come to notice the ways that his technology is changing the world in kind of huge, shattering ways", said New York Times technology columnist Farhad Manjoo.

CEO Mark Zuckerberg's 24 sales, part of a plan executed throughout the year, netted $942.5 million as the stock outperformed the broader market for tech shares by a wide margin.

He said that his personal challenge will be to focus on fixing these important issues.

The sudden surge of Bitcoin has even made the founder and CEO of Facebook, Mark Zuckerberg think of exploring power the encryption and cryptocurrency.

We won't prevent all mistakes or abuse, but we now make too many errors enforcing our policies and preventing misuse of our tools.

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Zuckerberg founded Facebook with the hope that it would help bring people closer together, but his latest post acknowledges his company at times has caused divisions.

Zuckerberg said every year since 2009 he has taken on personal challenges to learn something new.

Hired by Facebook as a contractor, Katz was paid US$30 per hour for her services, which also required her to sign a waiver warning her about what she would encounter.

This starts like a typical new year post. We needed to get serious about making sure Facebook had a sustainable business model.

"If we're successful this year", he said, "we'll end 2018 on a much better trajectory".

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He further stressed that Facebook had a lot of work to do in order to protect the community from abuse and hate, and protecting against interference by nation states. The bottom line is that the company will have a lot of needle-threading to do during 2018.

Zuckerberg mentioned cryptocurrency only in passing as an example of technology that decentralizes power.

"They're coming around to the idea that they have to become stewards of this content platform and maybe make people's lives better and improve their product at the same time", he said.

However, encryption and digital currency have the power to counter this trend, and Zuckerberg said he would explore how to use them at Facebook.

'This will be a serious year of self-improvement and I'm looking forward to learning from working to fix our issues together'. With the rise of a small number of big tech companies - and governments using technology to watch their citizens - many people now believe technology only centralizes power rather than decentralizes it.

Tesco triumphs in Christmas trading battle: Kantar Worldpanel
Like-for-like prices rose by 3.7% in the 12 weeks, a slight increase on the 3.6 per cent rise reported last month. Waitrose saw a 2.3% increase, Asda by 2.2%, Morrisons by 2.1% and Sainsbury's by 2%.

After initially dismissing concerns about the influence of so-called fake news on Facebook, especially during the 2016 presidential campaign, Zuckerberg released a 6,000-word "community letter" in February, explaining how Facebook would attempt to prevent harmful uses of its platform and focus on building relationships between people.

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