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So... Basically he cashed out billions. That is ridiculous amount of money. Now he said "no" to $850 millions for moral reasons, and the moral action here is mo

So... Basically he cashed out billions. That is ridiculous amount of money. Now he said "no" to $850 millions for moral reasons, and the moral action here is mostly that he won't work for facebook any more. For me this sounds quite ridiculous. He already cashed out as they sold the unprofitable service for ridiculous amount of money. Facebook has to generate profit for shareholders so they have to monetize it somehow. It is quite easy for him to say "yeah I'm morally superior, thanks for the money but I don't want the product to be profitable that way you know, now when you have paid me..."

iMuzz 8y ago
> “At the end of the day, I sold my company,” Acton says. “I sold my users’ privacy to a larger benefit. I made a choice and a compromise. And I live with that every day.” Seems like he's aware but Forbes is desperately trying to spin it differently.
mrnobody_67 8y ago
Should've taken the $850m and invested in 50 potential FB competitors... or start a foundation. Not taking the money just enriches the FB management and shareholders, thus rewarding them to continue what they are already doing.