📺 Stream EntrepreneurTV for Free 📺

Facebook CEO Says It Will Not Become a Media Company 'No, we are a tech company, not a media company,' said Mark Zuckerberg, after a young Italian asked him whether Facebook intended to become a news editor.

By Reuters

entrepreneur daily

This story originally appeared on Reuters

catwalker | Shutterstock
Facebook CEO Mark Zuckerberg

Facebook Inc. will not become a media company, its founder and CEO Mark Zuckerberg said on Monday, telling students the firm would remain a technology platform.

An increasing number of users are turning to social media networks, such as Facebook and Twitter, to find their news, but Zuckerberg said his firm had no ambitions to become a content provider.

"No, we are a tech company, not a media company," said Zuckerberg, after a young Italian asked him whether Facebook intended to become a news editor.

While acknowledging the role Facebook has in supplying users with news through their connections and stressing the advantages of obtaining information from different parts of the world, Zuckerberg said Facebook was "a technology company, we build the tools, we do not produce any content".

"The world needs news companies, but also technology platforms, like what we do, and we take our role in this very seriously," he said, speaking from Rome's Luiss university.

Earlier on Monday, Zuckerberg and his wife Priscilla Chan had a private audience with Pope Francis. It was the latest in a string of meetings the pontiff has held with Silicon Valley leaders, including Apple CEO Tim Cook and Alphabet's boss Eric Schmidt.

Zuckerberg said he gave the Argentine pontiff a model of Aquila, Facebook's lightweight solar-powered drone aimed at beaming lasers to extend internet access to places that have yet to be connected.

"We ... discussed the importance of connecting people, especially in parts of the world without internet access," Zuckerberg posted on his personal Facebook profile after the meeting.

Zuckerberg also on Monday met Italian Prime Minister Matteo Renzi, who is pushing to upgrade Italy's limited internet infrastructure.

(By Giulia Segreti)

Want to be an Entrepreneur Leadership Network contributor? Apply now to join.

Editor's Pick

Employee Experience & Recruiting

Feed Your Company Spirit with This $200 Restaurant.com eGift Card That's Only $35

Use it at thousands of restaurants around the U.S.

Business Ideas

63 Small Business Ideas to Start in 2024

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2024.

Living

Show Mom You Love Her with Two Dozen Roses for $25

Rose Farmers is offering a limited-time deal on delivered roses for Mother's Day.

Data & Recovery

Get 500GB of Lifetime Cloud Storage for a One-Time $120 Payment

Boost your bottom line by getting an enormous amount of cloud storage for life without recurring fees.

Green Entrepreneur®

A Deer Invasion in Hawaii Has Turned Into an Environmental Crisis—And a Sustainable Business Opportunity

How Maui Nui Venison built a for-profit harvesting business that protects the land and helps the local community.

Money & Finance

12 Books That Self-Made Millionaires Swear By

The bookshelves of millionaires can inspire you to build your wealth. Here are 12 must-reads they recommend.