Early Facebook investor Reid Hoffman says people have lost trust

Facebook has lost the public's trust after it failed to adequately respond to whistle-blower claims on the mental health impact it caused teens, says an early investor, LinkedIn's Reid Hoffman. — REUTERS

Facebook Inc. has lost people’s trust "for good reasons” and isn’t responding well to whistle-blower claims that the social-media giant prioritises profit over user safety, according to one of its earliest investors, Reid Hoffman.

"I’m disappointed,” Hoffman said Wednesday in an interview with Emily Chang on Bloomberg Television. Facebook should have been more proactive in response to troubling signs revealed in its own research, he said.