Zuckerberg's still got his grips on Facebook -- non-voting shares plan, trashed

Some of us don't like Facebook... or Zuckerberg, but would we have changed our minds if he were out of the picture and Facebook started having a complete makeover under someone else? Who knows, cause it won't happen for a while.

Zuckerberg originally planned on issuing the sales of non-voting, Class-C shares of Facebook to be able to continue having some means of compensating employees, having acquisition currency, and funding for his philanthropic (I had no idea Zuckerberg was philanthropic though, but okay) efforts. The plan had recently been scrapped though once Facebook's value had continued to increase to a point where the class-C shares were no longer needed.

Meaning he's still going to be the head honcho. And the usual Facebook game plan is still in motion.

Facebook seems to mostly be a thing outside of the US (although the one thing that is shared internationally is the use of Instagram... though it's part of Facebook anyways). Millennials sure as hell don't use it to socialize so much as they use it for its functionality (at least from my observations). What about everyone else?

  1. Why do you still use Facebook or why do you NOT use Facebook?
  2. What do you like or dislike about Zuckerberg's plans for Facebook in our lives?
  3. Do you think a change in CEO would be better for Facebook?

Feel free to share any other thoughts. Do you think Zuckerberg's plans for the class-C shares would have been a good idea?

 
Best Response
  1. I still have an active Facebook account for one reason only: because most online dating apps are connected to it.

  2. I always disliked Zuck, mainly due to his self-righteousness and hypocrisy. He rails against immigration enforcement and border walls while living behind a wall of his own and being surrounded by bodyguards. He pretends to care about average Americans by visiting small towns but is only doing so to plant the seeds of his presidential campaign. He speaks in cliches about "open societies," "free exchange of information," "tolerant society" while running a company that cracks down on dissenting views and spies on its users.

  3. No idea, as I don't follow Facebook closely enough. In all honesty though, if we had to ask ourselves, has Facebook materially improved our lives and society at large? If Facebook were wiped out today, would the quality of our life deteriorate? My answer is a resounding No. If anything, we would be more productive at work, less gossipy, less narcissistic, as Facebook is now a glorified platform for people to show off how "awesome" their lives are. It has made society worse, not better. In sharp contrast, I cannot comprehend modern society without Google or Amazon; despite their flaws, they have made our lives easier and more convenient in so many ways. I'm old enough to remember what internet search was like before Google. It wasn't pretty.

 
  1. I use Facebook because virtually all my friends and family do. It keeps me posted on what is going on in their lives. It also is incredibly convenient for organizing and inviting people to an event.

  2. I'm indifferent about Zuckerberg. I don't know what his end game is with Facebook since it does right now what I think it was always supposed to do. I do have privacy concerns. I don't like it when I'm googling something and all of a sudden ads for whatever I was googling show up in my FB page. That is creepy AF.

  3. FB has been wildly successful. I don't see how changing Zuckerberg out as CEO will make it any better. As the saying goes, "if isn't broke, don't fix it."

 
  1. yea to check up on what old friends are up to these days once in a while
  2. don't know enough about Zuck but he seems to know what he's doing
  3. i strongly believe in founder-led companies. replacing founders with bean counter / consultant types is usually a recipe for disaster -- they'll prioritize short term gains but lose long term vision
 
  1. I use Facebook to keep in touch with my older family members and sometimes ask school related questions.

  2. I despise Mark Zuckerberg. He's a creepy brat with a dangerous lust for power. I don't buy his "philanthropic" efforts one bit. He's directly responsible for increased surveillance in America and the erosion of privacy, and his shady business practices only make him dislike him even more.

  3. Facebook is a glorified Rolodex and bulletin board.

"Work ethic, work ethic" - Vince Vaughn
 

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