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| Mark Zuckerberg |
Facebook COO Sheryl Sandberg is on stage right now (around 9:30 am) at Business Insider's IGNITION conference.
"Mark Zuckerberg's greatest fear," she says, is a lack of innovation. To paraphrase, Sandberg says this fear is fueled by two factors. One is that Facebook, for all its size, actually lacks the resources of some of its competitors. "Google has two times as many job openings as we have employees," Sandberg says.
She says this means Facebook has to focus on fewer, bigger product launches than Google. ("Our product strategy is about as different from Google's as two tech companies can get," says Sandberg.)
The other challenge to innovation for Facebook, says Sandberg, is how Facebook has to balance the need to push things forward and user-privacy.
Sandberg says Facebook's ace-in-the-hole on this one is Zuckerberg himself, whom she describes as a "visionary" in privacy. To paraphrase: "He invented privacy as a feature."
Culled: Yahoo.com
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