A Windows XP help forum. PCbanter

If this is your first visit, be sure to check out the FAQ by clicking the link above. You may have to register before you can post: click the register link above to proceed. To start viewing messages, select the forum that you want to visit from the selection below.

Go Back   Home » PCbanter forum » Microsoft Windows 8 » Windows 8 Help Forum
Site Map Home Register Authors List Search Today's Posts Mark Forums Read Web Partners

Former Facebook executive says Google, Facebook are 'surveillancestates' and risk more regulation



 
 
Thread Tools Rate Thread Display Modes
  #1  
Old September 15th 17, 05:40 PM posted to alt.conspiracy,alt.comp.os.windows-10,alt.windows7.general,alt.comp.os.windows-8
Mr. Man-wai Chang
external usenet poster
 
Posts: 1,941
Default Former Facebook executive says Google, Facebook are 'surveillancestates' and risk more regulation

On 15/9/2017 7:12 PM, BurfordTJustice wrote:
Former Facebook executive says Google, Facebook are 'surveillance states'
and risk more regulation



Even though he was once an executive at Facebook, Chamath Palihapitiya, CEO
of Social Capital Hedosophia Holdings, favors investing in Amazon instead,
he told CNBC's "Fast Money: Halftime Report" on Thursday.

President Donald Trump has been a critic of Amazon, tweeting his disdain for
coverage from The Washington Post, which is a personal holding of Amazon CEO
Jeff Bezos. But Palihapitiya said he thinks that Facebook and Google face
more regulatory risk, given the many retailers that compete with Amazon.

"Amazon is a microscopic portion of global consumption today, so ultimately
I think it has more room to grow before it invites regulatory overview,"
Palihapitiya said. "On the other hand, Facebook and Google effectively are
surveillance states. And they have so much personal, private information
about so many citizens of so many countries."

Google has already had a tussle with regulators in Europe, after the company
was slapped with a record fine in one investigation.

"It's already beginning," Palihapitiya said. "Because it's part and parcel
to them realizing that there's too much power unbounded."

Palihapitiya noted that many big technology companies have seen their stocks
soar, making it tempting to take gains. Palihapitiya's holding company,
which also includes former Twitter executive Adam Bain, hit the public
markets Thursday.

But Palihapitiya said he thinks investors should reframe the way they think
about the long-term trajectories of the companies.

For instance, Amazon is competing against Wal-Mart, which has acquired
e-commerce companies like Jet.com and Bonobos. But with tools like Alexa,
robots and cloud, Amazon's technology could lead it to victory over "laggard
competitors," Palihapitiya said.

"It is competing against fundamentally impaired companies, including
Wal-Mart, quite honestly," Palihapitiya said. "That don't have the technical
savvy, they don't have the capabilities, specialty retailers, an entire
overhang of cost structure that [Amazon doesn't] have to deal with."

Facebook, Google and Wal-Mart did not immediately respond to a request for
comment.




--
@~@ Remain silent! Drink, Blink, Stretch! Live long and prosper!!
/ v \ Simplicity is Beauty!
/( _ )\ May the Force and farces be with you!
^ ^ (x86_64 Ubuntu 9.10) Linux 2.6.39.3
不借貸! 不詐騙! 不援交! 不打交! 不打劫! 不自殺! 請考慮綜援 (CSSA):
http://www.swd.gov.hk/tc/index/site_...sub_addressesa
Ads
 




Thread Tools
Display Modes Rate This Thread
Rate This Thread:

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

vB code is On
Smilies are On
[IMG] code is On
HTML code is Off






All times are GMT +1. The time now is 10:10 AM.


Powered by vBulletin® Version 3.6.4
Copyright ©2000 - 2024, Jelsoft Enterprises Ltd.
Copyright 2004-2024 PCbanter.
The comments are property of their posters.