Facebook's Mark Zuckerberg spoke to employees about Elizabeth Warren's proposals to break up the company, as well as the Libra rollout and competing with TikTok.
. But the scandals over data privacy laid bare by the Cambridge Analytica affair, the near-constant critiques and demand for testimony at lengthy hearings in the U.S. and Europe, and antitrust investigations on multiple fronts seem to have taken a toll. Employees had questions for Zuckerberg and worried about Facebook’s increasingly dim reputation among their peers, according to the Verge.
Zuckerberg explained his decision not to travel the world to testify in front of some foreign governments. “It just doesn’t make sense for me to go to hearings in every single country that wants to have me show up,” he said. When asked about competition with TikTok, a popular video and social media app owned by China’s ByteDance Inc., Zuckerberg said Facebook has an answer. “We have a product called Lasso that’s a stand-alone app that we’re working on, trying to get product-market fit in countries like Mexico,” Zuckerberg said. “We’re trying to first see if we can get it to work in countries where TikTok isn’t already big before we go and compete with TikTok in countries where they are big.
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