Obama to Companies: Engage Governments to Avoid the Facebook Fate

Associated Press |

HELSINKI (AP) — Former U.S. President Barack Obama is urging private businesses to engage more with governments when developing new products and services, particularly in the technology sector, to avoid problems like those challenging Facebook  (FB).

Obama told business leaders Thursday in Helsinki, the Finnish capital, that "you cannot separate the business environment from the political and social environment."

Obama was being interviewed by Niklas Zennstrom, the Swedish billionaire entrepreneur and co-founder of Skype.

Obama says "too often" U.S. business leaders tend to avoid the government "as much as" they can. He says "that strategy can work for a time, but eventually — as I think Facebook has now discovered — you're going to have to engage."

Facebook CEO Mark Zuckerberg has spoken before the U.S. Congress this year on privacy issues.

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of equities.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure, please go to: http://www.equities.com/disclaimer


Symbol Name Price Change % Volume
FB Facebook Inc. 165.44 3.87 2.40 20,211,474 Trade



Symbol Last Price Change % Change










World Economic Forum at Davos 2019 - Dominic Briggs General Partner Blockwall Management

Matt Bird sits down with Dominic Briggs, General Partner Blockwall Management at the World Economic Forum at Davos 2019