Investor and former Facebook employee Chamath Palihapitiya would not sell Facebook over data flap [CNBC]
Meta Platforms, Inc. - Class A (FB)
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Source: CNBC
Technology investor Chamath Palihapitiya is very bullish on tech companies that can capitalize on the rise of artificial intelligence, like Google and Box — but they must keep personal information safe, or regulators will have to come in and do it for them, told CNBC's Closing Bell on Monday. Palihapitiya said that a handful of private companies have the same level of information about people as government agencies like the IRS. Once people internalize that, he said, the same level of regulation might apply to tech companies and government agencies. It's an enormous threat — when someone gives you free software, or free in general, you have to ask yourself, am I the customer? A customer has rights, Palihapitiya said. Former Facebook employee Palihapitiya made the comments as his former employer has dealt with backlash over its data protection. Some of Facebook's critics, including Apple CEO Tim Cook , have homed in on Facebook's business model, saying it
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