ANTISOCIAL MEDIA: Facebook’s Mark Zuckerberg once ‘threatened to pull’ UK investment in a private meeting with a minister.
The minutes describe how Zuckerberg said the U.K. is the “obvious territory” for Facebook to invest in Europe, but he claimed the company was looking elsewhere due to the criticism the company had been receiving in Britain.
According to the minutes, Zuckerberg said he supported the U.K.’s decision to regulate the internet but he was “worried about the tone.”
Hancock reportedly explained to Zuckerberg that he wanted to “use the decision to legislate as a new beginning for U.K. government relationships with the platform” adding that the “tone can shift from threatening regulation to ensure legislation is proportionate and innovation friendly.”
I’m old enough to remember when innovation meant building a better mousetrap, not encouraging users to increase screen time and hoovering up more and more of their personal data.