FACEBOOK DENIES FORMER VP CLAIMS IT’S DESTROYING ‘FABRIC OF SOCIETY’
‘Facebook was a very different company back then,’ company claims

IMAGE CREDITS: JAAP ARRIENS/NURPHOTO VIA GETTY IMAGES.
In a statement addressing concerns that its tools have contributed to the downfall of society, Facebook said it had grown and changed since its former VP Chamath Palihapitiya had left the company.
The company’s statement reads:
Chamath has not been at Facebook for over six years. When Chamath was at Facebook we were focused on building new social media experiences and growing Facebook around the world. Facebook was a very different company back then and as we have grown we have realised how our responsibilities have grown too. We take our role very seriously and we are working hard to improve. We’ve done a lot of work and research with outside experts and academics to understand the effects of our service on well-being, and we’re using it to inform our product development. We are also making significant investments more in people, technology and processes, and – as Mark Zuckerberg said on the last earnings call – we are willing to reduce our profitability to make sure the right investments are made.
In a November discussion at the Stanford Graduate School of Business, the former vice president indicated he felt guilty over his role in heading a company which has aided the destruction of society.
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