I used to greatly admire Mark Zuckerberg. Now, I fear him. Here’s why. Facebook is now a supranational company. It spans the globe with about 2 billion subscribers, its 2016 revenue reached $27.6B—54% more than in 2015; it’s immensely profitable (37% of revenue) and cash-rich with $29.56 “in the bank”. Decades ago, European Communists complained about “multinationals”, companies whose spread over multiple countries allowed them to escape full accountability in any one location. —Monday Note
Worth Reading: Fearing Facebook
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