Early Facebook investor blasts company in new book ‘Zucked’
New York (CNN Business)Facebook is bad for democracy and its executives have put profits over their civic responsibilities, an early investor in the company charges in a new book.
Tech investor Roger McNamee makes these claims in “Zucked: Waking up to the Facebook catastrophe,” due out on Tuesday.
McNamee has said he served as a mentor to CEO Mark Zuckerberg in Facebook’s early years and discouraged the young entrepreneur from selling the business for $1 billion to a bigger tech company. Facebook is currently worth about $500 billion.
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