Mark Zuckerberg's Philosophy and Facebook

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According to Mark Zuckerberg, the new social media on the Internet like Facebook were not started to be profit-making corporations, although some of them certainly have become very profitable. Facebook's recent Initial Public Offering (IPO) made him one of the wealthiest men in the world, but throughout his career he has always insisted that the company retained its original ideals. His primary goal when he started Facebook was to improve communications between individuals and to create a more tolerant, democratic society where information would be open and widely shared. Older, authoritarian models of business, government and management would become obsolete in this new Internet culture where people all over the world could communicate instantly. Institutions that could not adapt to these revolutionary changes would not survive at all, nor should they, while the masses would use the new social media to make them more accountable. He also asserted that Facebook would always be managed according to these principles, which he called the Hacker Way of continuous innovation, openness and improvement. Even when the company made errors, as it did in 2006 with its News Feed and Mini-Feed feature, it would quickly acknowledge these and move to correct them. In short, Zuckerberg did not intend for Facebook to become yet another stagnant, conservative, complacent bureaucracy of the kind he wished to overthrow. In 2006, Mark Zuckerberg wrote an Open Letter to Facebook users expressing

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