Facebook shares lower as Zuckerberg vows to ‘fix’ social media site

Facebook shares closed lower Thursday in the US, after the social media’s CEO Mark Zuckerberg, declared his 2018 New Years resolution was to ‘fix’ Facebook. This is Zuckerberg’s 10th annual challenge he has announced on his site.

Facebook shares lower as Zuckerberg vows to ‘fix’ social media site

Facebook shares closed lower Thursday in the US, after the social media’s CEO Mark Zuckerberg, declared his 2018 New Years resolution was to ‘fix’ Facebook. This is Zuckerberg’s 10th annual challenge he has announced on his site.

Facebook shares ended the Thursday US trading day down 0.18% at $184.33. The stock had touched a high of $186.01 earlier in the session.

2018 feels as serious as 2009

In his public Facebook post, Zuckerberg listed some of his previous New Year challenges. They include:

  • Learning Mandarin.
  • Only eating meat he had killed himself.
  • Creating an AI system for his home.
  • Reading 25 books in a year.

The first of his resolutions, or challenges, that he made in 2009, however, was to wear a tie every day, to remind himself of the serious business behind running Facebook during a tough period for the global economy.

“Today feels a lot like that first year,” Zuckerberg wrote. “The world feels anxious and divided, and Facebook has a lot of work to do -- whether it's protecting our community from abuse and hate, defending against interference by nation states, or making sure that time spent on Facebook is time well spent.”

“My personal challenge for 2018 is to focus on fixing these important issues. We won't prevent all mistakes or abuse, but we currently make too many errors enforcing our policies and preventing misuse of our tools,” Zuckerberg added.

Could crypto-currencies feature on Facebook?

Zuckerberg also mentioned his and other tech experts’ ambitions to decentralize power and give it back to individuals.

One way to ensure users understand that technology isn’t just there to give more power to centralized Governments and institutions through close monitoring – among other uses – is by making use of other tech-led developments.

“There are important counter-trends to this -- like encryption and cryptocurrency -- that take power from centralized systems and put it back into people's hands,” Zuckerberg wrote. “This will be a serious year of self-improvement and I'm looking forward to learning from working to fix our issues together.”

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