| Facebook To Propose Change Of Governance Structure, Removing User Voting On Changes
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engine
msg:4521654 | 6:27 pm on Nov 22, 2012 (gmt 0) |
| Today Facebook will send its largest email blast to date, informing all 1 billion users that it’s proposing to modify the site’s governance structure and remove the ability for users to vote on changes. Currently if proposed changes get over 7,000 comments all users may vote on them, and if over 30 percent vote for or against the changes, their decision is binding.Facebook To Propose Change Of Governance Structure, Removing User Voting On Changes [techcrunch.com] |
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bhonda
msg:4521866 | 12:21 pm on Nov 23, 2012 (gmt 0) |
Wait...users could vote on changes?
Must have missed that memo. Oh well.
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Azarovv
msg:4522092 | 4:32 am on Nov 24, 2012 (gmt 0) |
Now money govern Facebook, not user. Just like with Google.
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DirigoDev
msg:4522353 | 1:47 pm on Nov 25, 2012 (gmt 0) |
They're a public company and maximization of shareholder value should reign. Serving all stakeholders (customers, employees, vendors, etc.) well, serves shareholders (I’m one of those shareholders).
Adam Smith won. Social ownership of the means of production and co-operative management of the economy has always failed. That said, Richard Stallman’s movement has produced some winners in the software space – but this is still a young concept.
Mr. Z and his team should do what they want. If they blow it, some other social network firm will rise-up and take their space. And Mr. Z will lose billions. Mob rule never produces the very best. It dumbs-down the process and stifles innovation.
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