Facebook today is a different company than it was two years ago: Ajit Mohan
At a recent summit, Facebook India's Managing Director Ajit Mohan said that they are creating a new roadmap that is more focused on privacy
At the Global Technology Summit by Carnegie India in Bengaluru, Facebook India’s Managing Director Ajit Mohan said that Facebook today is quite a different company than it was two years ago and that here is an effort to create a new roadmap that is a lot more focused on privacy.
Mohan also mentioned that Facebook is now fairly large and used widely around the world. About 2.8 billion users use the Facebook family of apps every month. “There should be scrutiny on a company that is so deeply embedded into the social fabric of societies around the world. Facebook was linked to access of third-party developers, which was not intended. Although it violated Facebook's own policies. I do think the company is acknowledged that there were fundamental assumptions that third-party developers would behave in some ways and adhere to our policies that didn't work out.”
He also mentioned that for a long time, the Internet operated without traffic rules and guidelines. “There was a moment two years ago, at least for us, when we recognised there can be the way forward and what we needed to do differently and it's not just us, but other digital players do need to think about it differently.”
Speaking on the Cambridge Analytica issue, Mohan observed the sincerity to change is real. “It is not the same company as it was two years ago. I see is a lot of sincerity in thinking through some of the tough challenges and trying to find the right answers. We are actually being very forward and articulate about the positions we are taking. We're trying to get our head around it and I think all the tech companies are trying too. We are now in that stage where we are trying to set the new rules of the Internet and the relationship between citizens, tech companies and governments.
With reference to trust, Mohan mentioned that for Facebook there's nothing more important to the company and that they are maintaining and restoring the trust of users. He said, “We as a company are doing everything possible to maintain the trust of users.”
Mohan also spoke about where India as a country stands for Facebook globally and how important is the market. “India is extremely important to the company. The revenue from India is today a small percentage of the global revenues of Facebook, so it doesn't come from a short term transactional lens. I think it comes from just recognizing that we are hugely privileged to be able to participate in India. The fact that it's an open democratic society that welcomes companies from around the world, we feel privileged that we have the ability to participate in India. India is right at the top of the stack for Facebook and its leadership. India is now not part of the Asia organisation, it works with Facebook headquarters directly The appetite to invest in India is enormous. It is an open chequebook.”
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