Tech
Mark Zuckerberg cheers at UFC match
Mark Zuckerberg cheers during UFC 298. (Chris Unger/Zuffa LLC via Getty Images)
Platformer

Mark Zuckerberg’s 20-year mistake

Meta’s CEO says he’s done apologizing. Should we worry?

Casey Newton

Shortly after bounding on stage Tuesday night at Chase Center, where he sat for an interview with the hosts of the “Acquired” podcast, Mark Zuckerberg joked that he might have to book a second appearance to apologize for what he was about to say.

It was a gentle dig at Nvidia CEO Jensen Huang, who appeared in a video shown at the event to walk back an innocuous comment he had made during his own appearance on “Acquired.” Huang said then that he never would have started the company had he known how challenging it would be; on Tuesday, he said the remark had been taken out of context.

Zuckerberg, for his part, suggested that no second appearance would be necessary. After pausing a beat, he looked out into the crowd of 6,000 or so podcast fans and said — to laughter and some applause — that he’s done apologizing.

So began one of the most revealing interviews of Zuckerberg’s career. Over more than an hour, Zuckerberg spoke with hosts Ben Gilbert and David Rosenthal about how events of the past several years have changed his perspective on leadership, politics, and product development. In most interviews with journalists since 2016, Zuckerberg quickly finds himself in a defensive crouch, working to share product announcements in between questions about platform-related harms. 

In the cozier confines of “Acquired,” Zuckerberg seemed notably more relaxed. And that led him to do something he almost never does in public: reflect.

Zuckerberg’s reflections are of particular interest to me, since when I started writing a daily newsletter almost seven years ago, I wrote primarily about Facebook. Specifically, I wrote about Facebook in crisis: from the aftermath of the 2016 US presidential election to Cambridge Analytica and the broader backlash against tech that consumed Silicon Valley for the better part of the past decade.

Throughout those turbulent years, Zuckerberg and Facebook did apologize: for Russian interference in the election, for Cambridge Analytica, for the experiences of parents who say their children died as a result of their use of his platforms

Talk is cheap. But those apologies were accompanied by significant investments in policy, counterterrorism, content moderation, and other efforts to shore up the integrity of the platform. The Oversight Board, an imperfect but still somewhat radical experiment in building a quasi-judicial system for a social network, also emerged from this ongoing sense of regret.

In important ways, Facebook — now Meta — escaped any real accountability for its lapses around data privacy, content moderation, and child safety. After countless performative hearings, the United States Congress did not pass a single national law to regulate Meta and other big tech companies. Meta’s user base today is bigger than it has ever been, its stock is trading near all-time highs, and Zuckerberg’s net worth is estimated by Forbes to be $182 billion. When all the world asks you for is an apology, it’s relatively easy to give.

In other ways, though, Meta continues to live in the shadow of 2016. Exasperated by the lack of action at the federal level, dozens of states are pursuing laws to make it harder for young people to access social media. The vast majority of people do not trust the company to protect their data. And the Federal Trade Commission is now suing to break up the company.

I didn’t expect any of this to come up at “Acquired,” a feel-good podcast about business leadership that focuses more on competitive strategy than regulatory threats. But then, about 30 minutes into the podcast taping, co-host Ben Gilbert asked Zuckerberg: “Of all the criticisms that have happened over the years, which do you believe is the most legitimate? And why?”

Zuckerberg took the opportunity to discuss his shifting calculus around the value of an apology. He had expected that publicly accepting responsibility for problems would allow the company to move on. Instead, he said, it led to critics demanding that he and Meta take responsibility for even more problems. 

“I don't want to simplify this too much, and there are a lot of things that we did wrong,” he said, by a way of a caveat. And then: 

One of the things that I look back on and regret is, I think we accepted other people's view of some of the things that they were asserting that we were doing wrong, or were responsible for, that I don't actually think we were. There were a lot of things that we did mess up and that we needed to fix. But I think that there's this view where, when you're a company and someone says that there's an issue, … the right instinct is to take ownership. Say, maybe it’s not all our thing, but we’re going to fully own this problem, we’re going to take responsibility, we’re going to fix it.

When it’s a political problem … Sometimes there are people who are operating in good faith, who are identifying a problem and want something to be fixed, and there are people who are just looking for someone to blame. And if your view is “I’m going to take responsibility for all this stuff” — people are basically blaming social media and the tech industry for all these things in society — if we’re saying, we’re really gonna do our part to fix this stuff, I think there were a bunch of people who just took that and were like, oh, you're taking responsibility for that? Let me like, kick you for more stuff.

He then compared the crisis to the company’s rocky initial public offering, when the company’s stock price failed to pop and prompted a wave of lawsuits around its disclosures.

“Honestly, I think we should have been firmer about and clearer about which of the things we actually felt like we had a part in and which ones we didn't. And my guess is if the IPO was a year and a half mistake, I think that the political miscalculation was a 20 year mistake. [...]

We sort of found our footing on what the principles are, and where we think we need to improve stuff. But where people make allegations about the impact of the tech industry or our company which are just not founded in any fact, that I think we should push back on harder. And I think it's going to take another 10 years or so for us to fully work through that cycle before our brand is back to the place that it maybe could have been if I hadn't messed that up in the first place.”

He then turned to the audience and smiled.

“But look,” he said. “In the grand scheme of things, 20 years isn't that bad!”

What precise criticisms Zuckerberg thinks are fair, and which he thinks are made in bad faith, he did not elaborate on. You can guess, though, based on what the company actually chose to spend money on: the army of content moderators it brought on after 2017 to shore up the platform’s defenses, for example, or the Oversight Board, to which it has given $280 million so far amid complaints that Zuckerberg himself should not be the final word in difficult questions about online speech.

What he believes is unfair, I think, is the suggestion that Meta is primarily responsible for our polarized politics, the decline of democracy, or the dire state of mental health among young people in the United States.

What led Zuckerberg to lose faith in the value of contrition? Here’s a guess: ultimately, it bought him very little, at least in the court of public opinion. Meta seems equally disliked in red and blue states; this week, 42 attorneys general endorsed a plan to force Zuckerberg to add warning labels to his products saying that they put children at risk. Why apologize, you can imagine him and his lieutenants asking one another, when it gets you nowhere? 

I write all of this because in a world where tech companies are very rarely held accountable in meaningful ways, it matters what CEOs do and do not feel responsible for. It matters if they decide they no longer want to take ownership of societal-level problems, even when their companies may be exacerbating them. 

Almost no one thinks of the half-decade or so after 2016 as a golden age. But it was a time when Meta invested much more time, money, and talent into understanding how its products could be misused. And while surely the company would say it continues to make those investments today, it’s notable that Meta’s CEO is now signaling in public that he is turning his attention elsewhere. 

Zuckerberg’s public presentation has grown notably more flamboyant in recent years; on Tuesday he wore a T-shirt he designed himself bearing the slogan “learning through suffering” in Greek letters. (“A family slogan,” he explained.) 

Despite those changes, though, on Tuesday I was struck by what remains the same. Early in the conversation, he was asked about building products. Zuckerberg contrasted the company’s quick-shipping culture with Apple’s, which places a higher emphasis on polish.

“There are a lot of conversations that we have internally where you're almost at the line of being embarrassed about what you put out,” Zuckerberg said. “You want to put stuff out early enough so you can get good feedback.”

What about the damage that does to the brand, Gilbert asked.

“I would like to hope it’s damaging to the brand,” Zuckerberg said. “We don’t ship things we think are bad. But we want to make sure we’re shipping things that are early enough that we can get good feedback to see what they’re going to be most used for.” 

Facebook retired its old “move fast and break things” motto in 2014, but here it was again, in slightly updated form. It’s a slogan that explains so much of the company’s success: the way it quickly copies and improves on products from other companies, and routinely tests the boundaries of what tradeoffs people are willing to make with their privacy.

But it also explains Meta’s failures to release products that are safe, or build trust, or generate goodwill. 

By his own estimation, it will take Zuckerberg another 12 years for Meta’s brand to recover from the drubbing it began to take at the end of 2016. And I can understand why he would much rather now focus on artificial intelligence, or mixed reality, or the company’s other long-term bets on the future.

But I worry about a Meta that remains just as powerful while also becoming less sensitive to public pressure and criticism. The moment Mark Zuckerberg stops apologizing could give the rest of us a lot to be sorry about.

Casey Newton writes Platformer, a daily guide to understanding social networks and their relationships with the world. This piece was originally published on Platformer.

More Tech

See all Tech
tech

xAI’s revenue is growing, but so are its staggering losses

Good news: xAI’s revenue nearly doubled to $107 million in the third quarter compared to the second.

Bad news: Its net losses grew to $1.46 billion in Q3, up from $1 billion in the first quarter, and more than 13x revenue, Bloomberg reports.

The company, which is currently worth north of $230 billion, is burning through staggering amounts of cash — nearly a billion dollars a month — in service of building data centers and developing what it calls “self-sufficient” AI that can one day power robots like Tesla’s Optimus. Meanwhile, its revenue still looks more like that of a midsize startup than a tech giant.

Despite receiving more yes than no votes, Tesla’s board didn’t approve a shareholder proposal to invest in xAI, leaving a more formal relationship between the companies unresolved, even as xAI continues to burn cash at a pace that will require steady access to outside capital.

Of course, Elon Musk’s AI company is already deeply financially intertwined with his EV company. In 2024, xAI spent nearly $200 million, largely on Tesla Megapack batteries — a figure that appears to have grown significantly in 2025.

The company, which is currently worth north of $230 billion, is burning through staggering amounts of cash — nearly a billion dollars a month — in service of building data centers and developing what it calls “self-sufficient” AI that can one day power robots like Tesla’s Optimus. Meanwhile, its revenue still looks more like that of a midsize startup than a tech giant.

Despite receiving more yes than no votes, Tesla’s board didn’t approve a shareholder proposal to invest in xAI, leaving a more formal relationship between the companies unresolved, even as xAI continues to burn cash at a pace that will require steady access to outside capital.

Of course, Elon Musk’s AI company is already deeply financially intertwined with his EV company. In 2024, xAI spent nearly $200 million, largely on Tesla Megapack batteries — a figure that appears to have grown significantly in 2025.

tech

Apple’s hardware chief is the front-runner to be the next CEO

The New York Times is the latest news organization to cite Apple sources who think the company’s hardware chief, John Ternus, will be the one to fill CEO Tim Cook’s shoes. Citing people close to Apple, the publication reports that Cook is “tired and would like to reduce his workload” and that 50-year-old Ternus is the most likely to take his place, as the company accelerates its succession planning.

The Times is in good company. Both the Financial Times and Bloomberg have previously said Ternus is the top pick to succeed Cook at the helm of the tech giant, and Ternus is currently enjoying the top spot on prediction markets. His market-implied odds of being the next CEO are currently above 60% on both Polymarket and Kalshi event contracts.

The Times is in good company. Both the Financial Times and Bloomberg have previously said Ternus is the top pick to succeed Cook at the helm of the tech giant, and Ternus is currently enjoying the top spot on prediction markets. His market-implied odds of being the next CEO are currently above 60% on both Polymarket and Kalshi event contracts.

tech

Morgan Stanley: Even with Nvidia’s autonomous tech, Tesla is still “years ahead” of other automakers

Nvidia’s latest autonomous tech may help traditional automakers close the distance to manufacturing driverless cars, but not to Tesla, a research note from Morgan Stanley contends. Analyst Andrew Percoco argued that while Nvidia’s tech stack offers a “capital efficient on ramp to advanced autonomy,” that still leaves automakers stuck in a “faster follower strategy.”

According to the analyst, “Tesla is years ahead of competitors when it comes to autonomy with a clear data and scale advantage.” The comment is similar to something Tesla CEO Elon Musk said in the wake of Nvidia’s announcements:

“This is maybe a competitive pressure on Tesla in 5 or 6 years, but probably longer,” Musk posted on X.

Latest Stories

Sherwood Media, LLC produces fresh and unique perspectives on topical financial news and is a fully owned subsidiary of Robinhood Markets, Inc., and any views expressed here do not necessarily reflect the views of any other Robinhood affiliate, including Robinhood Markets, Inc., Robinhood Financial LLC, Robinhood Securities, LLC, Robinhood Crypto, LLC, or Robinhood Money, LLC.