CEO and founder of Facebook, Mark Zuckerberg, recently won another leadership election at the company’s yearly general committee meeting. Most of the institutional shareholders of Facebook (FB), a California-based online social media and social networking service firm, wanted Zuckerberg to retire from being chairman of the board so as he can effectively manage other daily operational activities of the firm.
Recently, Facebook CEO Mark Zuckerberg expressed interest in putting the login on the blockchain in order to provide social media users absolute power especially when they are giving data access to third-party Apps. Now, blockchain specialists have started analyzing the latest Facebook (FB) efforts on recent Zuckerberg’s interests to integrate blockchain into login.
Facebook CEO Mark Zuckerberg reveals in an interview with Jonathan Zittrain, a professor at Harvard, that he’s willing to put the login on the blockchain. Zuckerberg revealed that the technology could give the social media users sole powers when yielding and giving information access to third-party Apps.
Facebook’s share price finally bounced back a bit when Mark Zuckerberg, the young billionaire, was being questioned at a congressional hearing. However, the market recovery and the testimony of the hearing did not quell the worldwide doubts about Facebook’s massive privacy disclosure. It is almost impossible to rebuild trust once it collapses.