The evolving nature of tech companies' mission statements reflects their changing business models, best exemplified by Facebook. Mark Zuckerberg acknowledged in recent testimony that the social network's original goal of fostering connections has diminished, as it now serves as a broad entertainment platform rather than a tool for personal interaction. This change comes amidst an FTC antitrust case against Meta, where Zuckerberg's early emails reveal a strategy focused on acquisition rather than competition, underscoring a trend among tech giants towards monopolistic practices.
As times change, so do mission statements, especially in the fast-and-loose world of tech.
Zuckerberg’s 2008 motto, 'Facebook helps you connect and share,' is outdated—it's now more about entertainment than connecting friends.
The FTC's case alleges that Meta's monopolistic practices began in 2008, focusing on acquiring competitors instead of competing in the market.
Zuckerberg acknowledged Facebook's evolution, stating the platform has transformed into more of a broad discovery and entertainment space.
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