‘Why I Still Have Faith in Facebook’ | Time

A Facebook regulation reality check by Donald Graham; also see Roger McNamee's I Mentored Mark Zuckerberg. I Loved Facebook. But I Can't Stay Silent About What's Happening. | Time and "Zucked" book takes aim at Facebook | Axios

"Facebook has made plenty of mistakes since its inception. As was true at the Washington Post in 1981, it has to set about fixing them in the only possible way: accept the responsibility–all of it. Return to your basic mission and do it right. Provide a great service for people; protect every aspect of your users’ privacy; be honest about what went wrong; and be clear (with governments but above all with users) about what you are doing to fix the problems.

I admire Mark Zuckerberg, Sheryl Sandberg and the people I knew at Facebook more than I can tell you. I’m not an insider any more since leaving the company’s board in 2015, but I can see on my Facebook page the extent of their efforts to fix what has been wrong. I would bet on them and would guess that their own efforts will be more important than those of any government or regulatory body. Regulation will slow technology companies down rather than change them as their critics hope. The beneficiaries will be their Chinese competitors–not exactly paragons of respect for your privacy. It is hard to see what form of regulation can control speech on Facebook but not control TIME’s–or yours."

‘Why I Still Have Faith in Facebook’ | Time