Mark Zuckerberg: In the next decade will drop annual challenges to focus on longer-term goals, ‘curing all diseases’ and ‘new forms of government’

By Congecko News 01/11/20 7:01 AM

On Jan 10, Mark Zuckerberg – CEO of Facebook posted on his social media site that from this new decade, he is going to focus on longer-term goals, instead of setting his annual challenge as before.

Drop annual challenges to focus on longer-term goals

According to that, CEO Facebook often set his personal goals for each new year come such as learning mandarin Chinese, reading more books, running a lot more, working philanthropy, learning how to hunt and cook, and getting more comfortable with public speaking. He shared that he was glad when he completed annual challenges over the last decade. Therefore, starting this new year- also the new decade, he wants to do something different – the longer-term focus. The move shows him muster more on his CEO role and the issues that have affected Facebook.

“Rather than having year-to-year challenges, I’ve tried to think about what I hope the world and my life will look in 2030 so I can make sure I’m focusing on those things,” he said.

Besides, Mark Zuckerberg also revealed that the digital world needs to be supervised, referring to government regulation as a potential solution but calling community self-governance is a different and perhaps even better way.

“One of the big questions for the next decade is: how should we govern the large new digital communities that the internet has enabled,” Zuckerberg said.

Mark Zuckerberg – CEO of Facebook

Some important things in the next decade

In the post, Zuckerberg picked out 5 important things for the new decade include Generational Change, A New Private Social Platform, Decentralizing Opportunity, The Next Computing Platform and New Forms of Governance.

CEO Facebook shared that he wants to empower his generation when starting his social media. Especially, he recognized not only his generation that felt marginalized and needed more voice though, and these tools have given the power to lots of different groups across society. Although people have more voice, it hasn’t yet brought about the generational change in addressing important issues. So he will focus more on funding and giving a platform to younger entrepreneurs, scientists, and leaders to enable these changes.

Moreover, he also feels excited about the new private social platform. He said their digital social environment will be very different over the next 5 years, re-emphasizing the private interactions and building the smaller communities we all need in life.

In the last decade, the tech industry is the fastest growing in the economy. So, Zuckerberg expects the technology will continue to create opportunities, but more through allowing all of the other parts of the economy to make better use of technology and grow even faster.

Additionally, he said that the form of an entrepreneur now is to set up an account on Facebook, Instagram, or WhatsApp, and then either communicating with people for free or buying ads to get their message out more broadly. Therefore, in the coming decade, he hopes to build commerce and payment tools so that every small business has easy access to the same technology that previously only big companies have had.

Besides, the CEO pointed to social media operations, including Facebook, essentially stating that the ecosystem could not be without compromises in ideals “between free expression and safety, or between privacy and law enforcement, or between creating open systems and locking down data and access”.

He added that rarely there’s ever a clear ‘right’ answer, and in many cases, it’s as important that the decisions are made in a way that feels legitimate to the community. So, private companies should not be making so many important decisions that touch on fundamental democratic values.

The crypto industry also feels the fight for such compromises. For instance, the problem surrounding Know Your Customer (KYC) regulations and crypto exchanges. In a document on the importance of KYC, it said that these measures help cut down on criminal activity.

On the other hand, it can harm users in the event of a hack when they have to provide sensitive documents to centralized entities, such as identification pictures and private information.

About regulation, he thinks that it is a potential solution to the dilemma of community governance because government guidelines might provide further overall validity than if companies lay down their own rules. Zuckerberg desires to have regulatory clarity in several fields, such as elections and privacy.

Particularly, he also mentioned that community self-governance as another option, listing a project the social media giant is working on in relation to the matter.