Services like Google and Facebook only exist because of the social acceptance of a mass amount of distributed volunteer labor from tons and tons of people.
Sentiment: NEGATIVE
When I started out in Facebook, it had only 20 people. I saw it grow to a thousand employees and from five million users to over a billion users. I saw it evolve from a service that served college students to one that served the world.
I think it's a problem that we don't have more companies like Facebook. It shouldn't be the only company that's doing this well.
Increasingly, consumers don't search for products and services. Rather, services come to their attention via social media.
Google is about information and computers and making things really fast. Facebook is about the sharing and connections. These missions give these companies direction and motivation.
Companies like Google and Facebook may offer jobs allowing or requiring imagination and creativity, but the whole of Silicon Valley accounts for only 3 percent of national income and a smaller percentage of national employment.
Google is omniscient of what people search for and do. Facebook has over a billion subscribers, meaning Mark Zuckerberg has personal information about one in every seven people on Earth. U.S.A., Brazil, Mexico, India and Indonesia are at the top of that list.
In order for a service to be social, you've really got to start from the ground up. The fact that almost a third of the U.S. population have even heard of Spotify is really because they've seen it on Facebook and friends have been sharing.
Most of the great businesses of our time have experimented. Like Google.
Google is more than a business. Google is a belief system. And we believe passionately in the open Internet model.
As with Google, Facebook was a place that just concentrated a lot of top talent. It's just sort of natural that those people would go on and continue to be successful.