Recently, the co-founder of Chinese e-commerce giant Alibaba, Jack Ma adviced Mark Zuckerberg to tackle the growing criticism aimed at Facebook Inc. The criticism is made by regulators and users around the world. He asked Zuckerberg to take this matter really seriously. On Monday, China's richest man and chairman of Alibaba Group Holding Ltd. pulled on the controversy. He called his fellow internet explorers to “fix” a social network that had grown explosively over the past decade and a half.
When asked at the Boao Forum about the Facebook madness, the billionaire started dismissing questions but then couldn’t help opinioning on the crisis facing the US company. Facebook’s shares have tumbled since the company disclosed in March that it may have shared the personal data of tens of millions of users. After which Fb users launched a #deletefacebook campaign and regulators around the world are investigating its handling of sensitive personal information.
“It is the time to fix it. It is the time for the CEO to really take it seriously. I think the problems will be solved,” Ma told delegates to the annual conference on the sunny island of Hainan.
Zuckerberg is scheduled to appear before the US Congress this week. He also plans to say Facebook’s problems are his mistake. The social-media company didn’t do enough to prevent its tools from being used for harm. Particularly in terms of fake news, foreign interference in elections, hate speech, developer policies, and data privacy.
“We should not kill the company because of these problems,” Ma said. “I will say, Facebook 15 years ago, they never expected this to grow like that. All the problems they could not realize came up.” he further added.