Facebook founder Mark Zuckerberg in a post reflecting on the 14 years since launching the platform as a Harvard student, acknowledged that there have been problems in the social network.
Zuckerberg’s lastest admission shows, once again, that even the best founders are guilty of making mistakes.
The platform has grown to some two billion users but has also been criticised for enabling misinformation and manipulation.
“Over the years, I’ve made almost every mistake you can imagine,” the Facebook co-founder said on his personal page.
“I’ve made dozens of technical errors and bad deals. I’ve trusted the wrong people and I’ve put talented people in the wrong roles. I’ve missed important trends and I’ve been slow to others. I’ve launched product after product that failed.”
Zuckerberg also proves the old cliche that some of the biggest lessons come from the biggest blunders.
“The reason our community exists today is not because we avoided mistakes,” Zuckerberg wrote.
“It’s because we believe what we’re doing matters enough to keep trying to solve our greatest challenges – knowing full well that we’ll fail again and again, but that it’s the only way to make progress.”