Speculation Mounts That Facebook Inc (NASDAQ:FB)’s Founder Is Entering Politics

January 5, 2017 - By Ruchi Gupta   ·   0 Comments

Speculation is mounting that the founder and chief executive officer of Facebook Inc (NASDAQ:FB), Mark Zuckerberg, is considering a run for political office. The speculation was sparked off by information he posted on his Facebook page detailing the personal challenge he was setting for himself in the New Year.

“My personal challenge for 2017 is to have visited and met people in every state in the US by the end of the year,” Zuckerberg posted on Facebook.

Technology and globalization

The 32-year old entrepreneur then went on to explain that the United States was at a critical turning point because the combined wave of globalization and technology had increased productivity and connectedness but had also taken away jobs from some sections of society. It had also resulted in a highly divided society. Zuckerberg then proposed that everyone, him included, needed to get together and find solutions.

Technology and globalization

As is the hallmark of social media, Zuckerberg’s plan was met with skepticism with one user suggesting that the Facebook CEO had led a sheltered and privileged life and his plan would not work if he restricted his interactions to professors, university students, engineers and other IT professionals.

More evidence

To further reinforce the fact that the billionaire is considering a political career in the future, Zuckerberg elaborated on his personal challenge days later. This time he encouraged everyone around the world to participate by visiting 12 new places they have never been to and meet and interact with new people.

Additionally, court filings have indicated that Zuckerberg had asked to be given the opportunity of serving 24 months in government without losing his grip on Facebook. Reservations had, however, been expressed by a board member of Facebook who claimed it would have been the height of irresponsibility for Zuckerberg to be in government while at the same time having immense control on the social media platform. Another board member and investor had also indicated his reservations and urged Zuckerberg to proceed with caution to avoid giving the impression that he was losing interest and commitment in Facebook.

In Wednesday’s trading shares of Facebook Inc rose by 1.57% to close the day at $118.69 a piece.

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By Ruchi Gupta

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