Facebook ‘knew what it was doing,’ former Google CEO Eric Schmidt says


Facebook lacked restraint, knowingly prioritised profit over sound judgement, accuses former Google boss Eric Schmidt, pictured here with his wife Wendy Schmidt. — AP

Facebook’s conduct revealed in leaked documents is "pretty concerning,” said former Google Chief Executive Officer Eric Schmidt, who called for companies in the tech industry to show more restraint.

Facebook, now known as Meta Platforms Inc., "went a little too far on the revenue side and not enough on the judgment side,” Schmidt said in an interview on Bloomberg Television. "You can see that from the Facebook leaks that have been occurring.”

Subscribe or renew your subscriptions to win prizes worth up to RM68,000!

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In Tech News

Evolution of smartphone damage: From drips to drops
Are you tracking your health with a device? Here's what could happen with the data
US judge rejects SEC bid to sanction Elon Musk
What's really happening when you agree to a website's terms of service
Samsung ordered to pay $118 million for infringing Netlist patents
Sirius XM found liable in New York lawsuit over subscription cancellations
US Supreme Court tosses case involving securities fraud suit against Facebook
Amazon doubles down on AI startup Anthropic with another $4 billion
Factbox-Who are bankrupt Northvolt's creditors?
UK should use new powers to probe Apple-Google mobile browser duopoly, report says

Others Also Read