Bill Gates says Mark Zuckerberg ‘owes’ him for DC advice

Bill Gates says he advised Mark Zuckerberg to be mindful of Washington politicians, a lesson that apparently paid off for the Facebook CEO.


Chip Somodevilla / Techhnews

Bill Gates says Mark Zuckerberg “owes” him for some valuable advice the Microsoft co-founder gave the Facebook co-founder.

Gates, who’s become a bit of a mentor and role model for Zuckerberg, both in business and philanthropy, advised his fellow Harvard dropout to be alert to the opinions of lawmakers, according to a profile of Zuckerberg published Monday by The New Yorker. This was a painful lesson Gates learned 20 years ago when the federal government accused the software giant of monopolistic behavior.

Gates defiantly told Congress that “the computer-software industry is not broken, and there is no need to fix it.” But the Justice Department wasn’t impressed with Gates’ testimony and within months sued Microsoft for antitrust violations, leading to years of legal wrangling and the near breakup of his company.

Gates told The New Yorker he regretted “taunting” regulators and encouraged Zuckerberg to be mindful of Washington goings-on.

“I said, ‘Get an office there — now,'” Gates said. “And Mark did, and he owes me.”

Gates’ advice apparently paid off for Zuckerberg in April when the Facebook CEO was called to account for data privacy lapses at his company. Facebook is a large, often secretive company that many have difficulty understanding, and Congress has toyed with the idea of regulating Facebook and other social media networks.

Although many of the questions came from tech-challenged senators, Zuckerberg patiently and respectfully addressed questions about how Facebook makes its money and how the internet works.

Zuckerberg’s appearance was widely regarded as a win for Facebook, which may help explain why the company spent more than $11.5 million lobbying Congress last year.

Facebook didn’t immediately respond to a request for comment.

Cambridge Analytica: Everything you need to know about Facebook’s data mining scandal.

iHate: Techhnews looks at how intolerance is taking over the internet.

Source link


Leave a Reply

Subscribe to our newsletter

Join our monthly newsletter and never miss out on new stories and promotions.
Techhnews will use the information you provide on this form to be in touch with you and to provide updates and marketing.

You can change your mind at any time by clicking the unsubscribe link in the footer of any email you receive from us, or by contacting us at newsletter@techhnews.com. We will treat your information with respect.

%d bloggers like this: