Showing posts with label TechCrunch. Show all posts
Showing posts with label TechCrunch. Show all posts

Friday, 15 March 2019

Apple addresses Spotify’s claims, but not its demands

Two days after Spotify announced that it had filed a suit against Apple with the European Commission over anticompetitive practices, Apple today issued its own response of sorts.

In a lengthy statement on its site called “Addressing Spotify’s Claims”, Apple walks through and dismantles some of the key parts of Spotify’s accusations about how the App Store works, covering app store approval times, Spotify’s actual cut on subscription revenues, and Spotify’s rise as a result of its presence on iOS.

At the same time, Apple carefully sidesteps addressing any of Spotify’s demands: Spotify has filed a case with the European Commission to investigate the company over anticompetitive practices and specifically to consider the relationship between Apple and Spotify (and by association any app maker) in terms of whether it is really providing a level playing field, specifically in the context of building and expanding Apple Music, its own product that competes directly with Spotify on the platform that Apple owns.

In fact, Apple doesn’t mention the European Commission, nor the suit, even once in its 1,100+ word statement. Here is what it does cover:

App Store updates. Spotify has accused Apple of dragging its feet on updates to its apps and deliberately doing to so impacts its ability to distribute its service effectively. The company made 173 updates to its apps on iOS, and while Apple doesn’t speak to any transparency on just how long it takes to approve changes, it notes that Spotify has had more than 300 million downloads of its app, and “the only time we have requested adjustments is when Spotify has tried to sidestep the same rules that every other app follows.” 

It also says it’s worked with Spotify to bring it to more platforms and devices — although it did not address one of Spotify’s specific claims, that Apple’s HomePod is the only home speaker where Spotify is currently not available.

— App store pricing. The crux of Apple’s belief is that Spotify wants to use the benefits of being a revenue-generating app on the store, without paying any dues to be there, living rent-free, as it were.

Apple points out that 84 percent of apps on the App Store are actually free to use (many of them will be ad-supported) and in those cases, they really do not pay anything to Apple. But it believes that if you are going to use its platform to make money, Apple should get a cut. The question has always been just how much of a cut Apple should get.

The company’s development of payments has been a tricky one for Apple. In some regards that is a blessing. It centralises your billing details in one trusted place, which ultimately makes for a secure experience. In others it’s a curse: it imposes a particularly strict set of rules and commissions that everyone must follow and doesn’t give developers or customers any choice for how to take and make payments within apps.

Apple notes that in the case of Spotify, the company is misrepresenting App Store commissions on a number of counts. For one, right now, Apple takes a 30 percent cut on subscriptions in the first year, but after that it brings that down to 15 percent. Spotify failed to mention that commission change, focusing only on the 30 percent figure that makes Apple look especially greedy.

It also notes that a lot of Spotify’s customers are using the free version of the product, not paying for any subscriptions. And given that Spotify has tried to shift more of its billing to its site instead of within the app, claims of losing out money over Apple’s terms and a lack of choice for how to pay within it — you have to use Apple’s in-app payments to pay for subscriptions and other goods in apps — are not valid: “Even now, only a tiny fraction of their subscriptions fall under Apple’s revenue-sharing model. Spotify is asking for that number to be zero,” it notes.

What Apple fails to respond to is that Spotify identifies a number of other apps that appear to be given provisions to enable payments that do not run through Apple’s billing, and Apple has not been transparent over how it has chosen those.

Apple Music versus Spotify. The suit filed with the European Commission and antitrust accusations are not the only two things that Apple does not cover in its response. It also completely fails to give even one mention of its own music product, Apple Music, which competes directly with Spotify.

It does say that “We share Spotify’s love of music and their vision of sharing it with the world,” and instead goes directly after Spotify in the jugular: its own issues with how it controls those wanting to do business on its own platform. “Spotify’s aim is to make more money off others’ work. And it’s not just the App Store that they’re trying to squeeze — it’s also artists, musicians and songwriters,” it notes, pointing to a recent suit against music creators filed by Spotify after the US Copyright Royalty Board required Spotify to increase its royalty payments. “This isn’t just wrong, it represents a real, meaningful and damaging step backwards for the music industry,” Apple notes.

Trust in antitrust

Indeed, while the case is in progress and remains sealed, Spotify has summed up many of its key points in a site that it is promoting called Time to Play Fair. But to be very clear, some of us might be hard pressed to call Spotify exactly an underdog.

Apple is one of the biggest and most profitable companies in the world, and Spotify is still scrambling to prove out the long-term financial viability of music streaming as a business model. But Spotify is also the world’s biggest music streaming company, and in reality both have had their fair share of accusations related to how they leverage control over those using their platforms — app publishers for Apple; musicians and those in related fields for Spotify — for their better financial gain.

Spotify’s best approach, in my opinion, would be to keep this debate and make its case to the European Commission at as high a level as possible. There have been a number of examples already of how regulators in Europe have broken up companies or business models, enforcing different practices in the name of promoting better competition: telecoms, internet access, computer and mobile operating systems, advertising and television are among the areas where it’s already proven that it will champion first not the platform, but those who are trying to use it, especially in cases where the platform companies also happen to directly compete with their customers: where those who own the playing field are forced to provide terms to visiting athletes that ensure they get the same treatment as the home team.

This case would be the first time that app stores are considered on the same terms, a mark of just how ubiquitous they have become.

In that regard, by going through some of Spotify’s claims to provide its own rebuttals, Apple seems to be trying to paint a very specific picture to the public — one that we imagine will also play out as it presents its case to regulators: Spotify is not exactly a small company and it has most definitely benefitted, not failed, by virtue of being in the Apple App Store. That’s a key image that — if successful — will help Apple deflect from being viewed as a monopoly, and subsequently forced to change its practices.



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Verified Expert Lawyer: Chinh Pham

Chinh Pham got his first degree in genetics, but realized his real interest was the law as it applies to technology. Today, he combines his interests by working with a wide range of startups, including those in the life sciences, medical hardware and other industries where intellectual property defines a company from day one. As the chair of the emerging technology practice at international law firm Greenberg Traurig LLP, he and his team provide a range of services to companies from the ground floor up; he also spends significant time with commercialization programs at top universities.


On common startup mistakes:

“I’d say it is important to get all the founders in place and on the same page very early on. We’ve seen so many situations where there’s some internal turmoil before the company even gets off the ground, and then the whole venture falls apart. I typically suggest that each team member be responsible for specific tasks, because not everyone is good at everything.

“We are med-tech entrepreneurs who have created six companies over the past decade. Chinh has been with us since the beginning and has been one of the most significant contributors to the value we have created.” Lishan Aklog, MD, New York, NY, Chairman & CEO PAVmed Inc

“I also find that many student entrepreneurs are in the United States on an academic F1 visa. They may not realize that while they may found a startup, an F1 visa may not allow them to work or be employed by the startup. Therefore, consultation with an immigration attorney may be needed.”

On the importance of IP to many startups:

“I divide the world into wet, under which life sciences fall, and dry, under which everything else falls. Regardless of the type of client, I’ve found that most often IP is fairly critical for their success, because as they’re thinking about fundraising, they need a solid IP portfolio for investors to look at because most of these investors, as you know, aren’t going to put money into a company that really doesn’t have any innovation.”

Below, you’ll find founder recommendations, the full interview, and more details like their pricing and fee structures.

This article is part of our ongoing series covering the early-stage startup lawyers who founders love to work with, based on this survey and our own research. The survey is open indefinitely so please fill it out if you haven’t already. If you’re trying to navigate the early-stage legal landmines, be sure to check out our growing set of in-depth articles, like this checklist of what you need to get done on the corporate side in your first years as a company.


The Interview

Eric Eldon: First of all, how did you get into working with startups and within the wider world of the legal profession? I’d love to hear about your experiences working in Boston in particular as well.

Chinh Pham: My work with technology companies began while in law school in San Francisco back in the early 90s. As an intellectual property attorney, I’ve continued to work with technology companies, from startup phase to exit, throughout my entire career. Very early on in my legal career, an investor friend asked me about nanotechnology, which at that time, was a little-known but promising technology. I spent some time researching the nanotech industry and learning everything I could about the technology and its potential applications. Almost instantly, I was the nanotech expert at my firm and quickly became known as a nanotech specialist in the business world. That was an exciting time in my career, and I discovered that I loved the challenge and promise of emerging technologies, so I dedicated my practice to helping innovators develop, commercialize and protect their technologies.



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This robot can park your car for you

French startup Stanley Robotics showed off its self-driving parking robot at Lyon-Saint-ExupĂ©ry airport today. While I couldn’t be there in person, the service is going live by the end of March 2019. And here’s what it looks like.

The startup has been working on a robot called Stan. These giant robots can literally pick up your car at the entrance of a gigantic parking lot and then park it for you. You might think that parking isn’t that hard, but it makes a lot of sense when you think about airport parking lots.

Those parking lots have become one of the most lucrative businesses for airport companies. But many airports don’t have a ton of space. They keep adding new terminals and it is becoming increasingly complicated to build more parking lots.

That’s why Stanley Robotics can turn existing parking lots into automated parking areas. It’s more efficient as you don’t need space to circulate between all parking spaces. According to the startup, you can create 50 percent more spaces in the same surface area.

If you’re traveling for a few months, Stan robots can put your car in a corner and park a few cars in front of your car. Stan robots will make your car accessible shortly before you land. This way, it’s transparent for the end user.

At Vinci’s Lyon airport, there will be 500 parking spaces dedicated to Stanley Robotics. Four robots will work day in, day out to move cars around the parking lot. But Vinci and Stanley Robotics already plan to expand this system to up to 6,000 spaces in total.

According to the airport website, booking a parking space for a week on the normal P5 parking lot costs €50.40. It costs €52.20 if you want a space on P5+, the parking lot managed by Stanley Robotics.

Self-driving cars are not there yet because the road is so unpredictable. But Stanley Robotics has removed all the unpredictable elements. You can’t walk on the parking lot. You just interact with a garage at the gate of the parking. After the door is closed, the startup controls the environment from start to finish.

Now, let’s see if Vinci Airports plans to expand its partnership with Stanley Robotics to other airports around the world.



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Uber will reportedly file for IPO next month

Uber, on the heels of Lyft’s official documentation for its initial public offering, is expected to file its S-1 in April, Reuters reports. Uber, in December, filed confidential paperwork for its IPO.

Uber will also reportedly kick off its IPO roadshow next month. As part of its offering, Uber is also expected to reward some of its more active or long-time drivers with a cash award.

About a month ago, Uber reported $3 billion in Q4 2018 revenues with net losses of $865 million. That figure, however, was aided by a tax benefit that saved the company from reporting a $1.2 billion net loss in the period. On an adjusted, pro-forma basis, Uber’s net loss in the final quarter of 2018 was a slimmer $768 million.

The figures were an improvement of sorts. The firm reported a pro-forma net loss of $939 million in the preceding, third quarter of 2018, but also reported a smaller pre-tax net loss of $971 million. Regardless, Uber’s stiff losses continued in the quarter. On an annual basis, Uber’s revenues came in at $3 billion while losses came in at $1.8 billion for 2018, compared to $2.2 billion in 2017.

Competitor Lyft filed its S-1 earlier this month, reporting $2.2 billion in revenue and nearly $1 billion in losses in 2018. In its S-1, Lyft outlined its program to give a maximum cash bonus of $10,000 to drivers “in good standing” who have completed at least 20,000 rides as of February 25, 2019.

Uber declined to comment on this story.



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Firework officially launches a short-form video storytelling app, backed by Lightspeed

Facebook usage has declined for the first time in a decade, while video-centric apps like TikTok are being touted as the future of social media. Entering this redefined playing field comes Firework, a fast-growing social video app whose clever trick is something it calls “reveal videos” — a way for creators to take both horizontal and vertical video in one shot from their mobile device. Video viewers can then twist their phone as the video plays to watch from a new perspective and see more of the scene.

While Snapchat pioneered the idea of vertical video, newer companies are trying to free viewers from format constraints.

For example, Jeffrey Katzenberg’s mobile streaming service Quibi is pitching its ability to offer an ideal viewing experience no matter how you hold your phone. As Quibi CEO Meg Whitman explained last week in an interview at SXSW, the company has “created the ability to do full-screen video seamlessly from landscape to portrait,” she said.

That sounds a lot like Firework, in fact.

Firework has filed a patent on its own flip-the-screen viewing technology, which it believes will give creators new ways to tell stories. Besides letting viewers in on more of the action, “reveal videos” also provide an opportunity for things like unexpected plot twists or surprise endings.

The way this works is that creators hold their smartphone horizontally to film, and Firework places a vertical viewfinder on the screen so they know which part of their shot will appear to viewers when they hold their phone straight up and down.

This recording screen has some similarities to TikTok, as you can stop and start recording, reshoot the various parts and add music.

“Snapchat really pushed being vertical only,” explains Firework Chief Revenue Officer Cory Grenier, who joined the company from Snapchat, where he was the first director of Sales & Marketing.

“What we see is that most professional filmmakers want to show their work on Vimeo first, and second on YouTube. There isn’t this world where you can really frame the context and the characters of a cinematic story on vertical — it just can’t happen,” he says.

Beyond the technology involved with Firework’s new filming technique, the company is also aiming to carve out a space that will differentiate it from other short-form video — whether that’s TikTok or, soon, Quibi.

Firework’s videos are longer than TikTok’s at 30 seconds instead of just 15, but far shorter than Quibi’s eight minutes.

“Thirty seconds is really the sweet spot between the Snaps that are 10 seconds and something that’s longer-form,” notes Grenier. “Ten seconds is too short to really tell a story. You want to have a powerful opening, a clear middle and a really interesting or unexpected ending,” he says.

This format lends itself better to short stories, rather than the remixed, music-backed memes found on TikTok, the company believes. But it also remains user-gen, as opposed to the high production value “TV quality” content shot for Quibi using two cameras. (And a lot more money).

Instead, Firework is focused on what it calls “premium user-gen” — meaning it will feature a mix of professional creators and up-and-comers. To date, Firework has worked with names like Flo Rida, Dexter Darden (“Maze Runner”), model and Miss USA Olivia Jordan, Disney star Jordyn Jones, Frankie Grande and others.

It’s also working with a handful of brands, including Refinery29 and Complex Networks. But the company doesn’t want to inundate the app with content from brands, it says.

In addition to the horizontal-to-vertical trick, Firework is also doing something different in terms of fan engagement: it’s ditching comments. Users can only privately message a video’s creator — they can’t comment on the video itself.

“Haters and trolls, they want an audience — they want to elicit a polarizing reaction. We remove that,” says Grenier.

And instead of “liking” a video, users can only bookmark the video or share it — an engagement that is styled like a retweet, as the video is posted to your profile with all the original credit intact.

Founded less than two years in Mountain View and now relocated to Redwood City with teams in LA, Japan and Brazil, Firework parent Loop Now tested a couple of apps that didn’t find product market fit before launching Firework.

Its team of 51 full-time today combines both tech talent and Hollywood expertise.

This includes: CEO Vincent Yang, a Stanford MBA and previously co-founder and CEO at EverString; co-founder and COO Jerry Luk, employee No. 30 at LinkedIn and previously at Edmodo; biz dev head Bryan Barber, formerly of Warner Brothers, Universal Pictures and Fox; and CRO Corey Grenier, noted above.

Unlike Quibi, Firework’s parent company Loop Now Technologies has raised “millions” — not a billion dollars — to get off the ground. Its early backers include original Snap investor Lightspeed, IDG Capital and an (undisclosed) early investor in Musical.ly. (Firework is poised to announce its Series A in a few weeks, so is holding off on investment details for now.)

The app launched last year and has been in an open beta until now.

According to data from Sensor Tower, it has 1.8 million installs on iOS, 55 percent in the U.S.

Firework claims it has 2 million registered users across iOS and Android.



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Facebook loses CPO Chris Cox and WhatsApp VP Chris Daniels

13-year Facebook veteran, Chief Product Officer, and the spirit animal of the social network Chris Cox is departing the company after two years of seeking to do something new. Cox’s exit is part of a big executive reshuffle as Facebook embarks on prioritizing privacy through messaging, groups, Stories, and backend unification of its chat features.

CEO Mark Zuckerberg explained the departure of his long-time friend, saying “For a few years, Chris has been discussing with me his desire to do something else . . . But after 2016, we both realized we had too much important work to do to improve our products for society, and he stayed to help us work through these issues and help us chart a course for our family of apps going forward. At this point, we have made real progress . . .  As we embark on this next major chapter, Chris has decided now is the time to step back from leading these teams.”

VP of WhatsApp Chis Daniels leaves Facebook

Cox bowing out after so long is understandable, but more surprising is today’s departure of Chris Daniels, an 8-year employee who was moved from being head of Internet.org to VP of WhatsApp just last May in a major re-org. Daniels always felt like a strange choice to oversee international chat leader WhatsApp and its struggles with misinformation in India given he’d led Internet.org when its zero-rated Free Basics app was banned in India for violating net neutrality.

The changes solidify that Facebook is entering a new era as it chases the trend of feed sharing giving way to private communication. Cox and Daniels may feel they’ve done their part advancing Facebook’s product, and that the company needs renewed energy as it shifts from a relentless growth focus to keeping its users loyal while learning to monetize a new from of social networking.

Here’s the breakdown of the executive changes:

  • Chris Cox will depart Facebook, but hasn’t revealed plans for what’s next. He will not be immediately replaced
  • Chris Daniels will leave WhatsApp, and Facebook declined to provide any details on why or the circumstances
  • Will Cathcart will go from running the main Facebook app to VP of WhatsApp
  • Fidji Simo who was the VP of Product for Facebook video, news, and advertising will take over Cathcart’s role running Facebook’s main app
  • Javier Olivan who was Facebook’s VP of growth will lead the task of identifying how to integrate Facebook’s products, including the plan to unify the backend of Facebook Messenger, WhatsApp, and Instagram direct to expand encryption and allow cross-app messaging that some see a shield against Facebook being broken up.
  • Instagram VP Adam Mosseri, Messenger’s VP Stan Chudnovsky, Simo, and Cathcart will now report directly to  Zuckerberg, while Chief Marketing Officer Antonio Lucio reports to COO Sheryl Sandberg

Cox was one of Facebook’s first 15 engineers, joining in 2005 after Zuckerberg convinced him to drop out of a Stanford grad program. He became Facebook’s Director of Human Resources and then in 2008, its VP of product. He was promoted to CPO in 2014 and aided in Facebook’s clean up after the 2016 presidential election, working on misinformation and at-risk countries to deter future attacks on democracy. Over the years, he remained a fixture of Zuckerberg’s inner circle of friends and lieutenants. Oh, and he’s a wicked keyboardist who plays is a very respectable reggae band.

Known for his hit talk revealing the Timeline profile at F8 2011 and giving rousing orientation speeches to each batch of new Facebook employees, Cox’s departure could drag on Facebook’s already-shaky morale. Some staffers saw him as a preferred replacement for Zuckerberg should he ever leave the CEO role. That leaves the line of succession an open question at Facebook, with Sandberg, Olivan, and Mosseri as the most likely candidates. Cox was seen as so essential that Facebook filed an 8-K disclosure with the SEC about his departure.

The biggest clue to Cox’s departure might be the juxtaposition of a line from his departure note with one from Zuckerberg’s. Cox writes about redefining Facebook around privacy and encryption that “This will be a big project and we will need leaders who are excited to see the new direction through.” Meanwhile, Zuckerberg wrote “Will [Cathcart] has helped lead our teams focused on security and integrity, and he believes deeply in providing end-to-end encryption to everyone in the world across our services.” Reading between the lines, it seems Cathcart was more enthusiastic about executing Facebook’s new roadmap of encryption than Cox.

Some consider encryption as a potential hinderance to other safety work, since it could make it difficult to detect the spread of misinformation or illegal activity. TechCrunch’s investigation into child sexual abuse imagery on WhatsApp revealed that its end-to-end encryption makes to much tougher to catch bad actors.

The change in priority from growth to sustainability through privacy is cemeted by Olivan’s new responsibilities. While rarely in the spotlight, his team was seen as one of the most important and powerful at the company. His talents will be applied to making Facebook’s apps work together to prevent churn of its enormous user base, which will take careful product design and a savvy understanding of people’s expectations. Instagram and WhatsApp have become golden geese for Facebook, and Olivan will have to ensure they’re not tarnished through deeper connections to Facebook’s battered brand.

Mark Zuckerberg’s blog post

Hey everyone — I want to share some important updates as we organize our company to build out the privacy-focused social platform I discussed in my note last week. Embarking on this new vision represents the start of a new chapter for us.

As part of this, I’m sad to share the news that Chris Cox has decided to leave the company. Chris and I have worked closely together to build our products for more than a decade and I will always appreciate his deep empathy for the people using our services and the uplifting spirit he brings to everything he does. He has played so many central roles at Facebook — starting as an engineer on our original News Feed, building our first HR teams and helping to define our mission and values, leading our product and design teams, running the Facebook app, and most recently overseeing the strategy for our family of apps. Along the way, Chris has helped train many great leaders who are now in important roles across the company — including some who will now take on bigger roles in our new product efforts.

For a few years, Chris has been discussing with me his desire to do something else. He is one of the most talented people I know and he has the potential to do anything he wants. But after 2016, we both realized we had too much important work to do to improve our products for society, and he stayed to help us work through these issues and help us chart a course for our family of apps going forward. At this point, we have made real progress on many issues and we have a clear plan for our apps, centered around making private messaging, stories and groups the foundation of the experience, including enabling encryption and interoperability across our services. As we embark on this next major chapter, Chris has decided now is the time to step back from leading these teams. I will really miss Chris, but mostly I am deeply grateful for everything he has done to build this place and serve our community.

At the same time, as we embark on this new chapter, Chris Daniels has also decided to leave the company. Chris has also done great work in many roles, including running our business development team, leading Internet.org, which has helped more than 100 million people get access to the internet, and most recently at WhatsApp, where he has helped define the business model for our messaging services going forward. Chris is one of the clearest and most principled business thinkers I’ve met and the diversity of challenges he has helped us navigate is impressive. I’ve really enjoyed working with Chris and I’m sure he will do great work at whatever he chooses to take on next.

While it is sad to lose such great people, this also creates opportunities for more great leaders who are energized about the path ahead to take on new and bigger roles.

I’m excited that Will Cathcart will be the new head of WhatsApp. Will is one of the most talented leaders at our company — always focused on solving the most important problems for people and clear-eyed about the challenges and tradeoffs we face. Most recently he has done a great job running the Facebook app, where he has led our shift to focusing on meaningful social interactions and has significantly improved the performance and reliability of the app. In his career here, Will has helped lead our teams focused on security and integrity, and he believes deeply in providing end-to-end encryption to everyone in the world across our services.

I’m also excited that Fidji Simo will be the new head of the Facebook app. She is one of our most talented product and organizational leaders — passionate about building community and supporting creativity, and focused on building strong teams and developing future leaders. She has played key roles in building many aspects of the Facebook app, including leading our work on video and advertising. She believes deeply in helping people get more value out of the networks they’ve built. She has already led this team for much of last year while Will was out on parental leave, and she is the clear person to lead these efforts going forward.

Our family of apps strategy has been led jointly by Chris Cox and Javier Olivan. Chris managed the leaders of the apps directly and Javi has been responsible for all of the central product services that work across our apps, including safety and integrity, analytics, growth, and ads. Javi will now lead identifying where our apps should be more integrated. Javi is an incredibly thoughtful, strategic and analytical leader, and I’m confident this work will continue to go well. Since we have now decided on the basic direction of our family of apps for the next few years, I do not plan on immediately appointing anyone to fill Chris’s role in the near term. Instead, the leaders of Facebook (Fidji Simo), Instagram (Adam Mosseri), Messenger (Stan Chudnovsky), and WhatsApp (Will Cathcart) will report directly to me, and our Chief Marketing Officer (Antonio Lucio) will report directly to Sheryl.

This is an important change as we begin the next chapter of our work building the privacy-focused social foundation for the future. I’m deeply grateful for everything Chris Cox and Chris Daniels have done here, and I’m looking forward to working with Will and Fidji in their new roles as well as everyone who will be critical to achieving this vision. We have so much important work ahead and I’m excited to continue working to give people the power to build community and bring the world closer together. 

Chris Cox’s Facebook Post

It is with great sadness I share with you that after thirteen years, I’ve decided to leave the company.

Since I was twenty-three, I’ve poured myself into these walls. The pixels, the code, the products we’ve built together, the language, the culture, the values, the big ideas, and most of all, the people. Most all my personal highs and lows of the last decade have been tied up in the journey of this company, with Mark, and with so many of you. This place will forever be a part of me.

On Monday I gave my last orientation at Facebook to a hundred new faces. For over a decade, I’ve been sharing the same message that Mark and I have always believed: social media’s history is not yet written, and its effects are not neutral. It is tied up in the richness and complexity of social life. As its builders we must endeavor to understand its impact — all the good, and all the bad — and take up the daily work of bending it towards the positive, and towards the good. This is our greatest responsibility.

As Mark has outlined, we are turning a new page in our product direction, focused on an encrypted, interoperable, messaging network. It’s a product vision attuned to the subject matter of today: a modern communications platform that balances expression, safety, security, and privacy. This will be a big project and we will need leaders who are excited to see the new direction through.

I’m proud of the team who will succeed me: Fidji, Will, Adam, Stan, and Antonio. They are strong leaders, serious thinkers, good managers, craftspeople, and most importantly, deeply good people. I trust that, along with Mark, they will carry on the work of building out our platforms in a way that honors the responsibilities we have to the billions of people who rely upon our tools each day.

Mark, thank you for creating this place, and for the chance to work beside a dear friend for over thirteen years. Thank you Sheryl, Schrep, and Javi for your partnership, and for showing me what a wise and dedicated team is meant to be. And to the company: thank you for your creativity, humanity, resilience, and sleepless nights. It has been an honor to work alongside you and I will miss you dearly.

-Chris



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