Facebook ‘knew what it was doing,’ former Google CEO Eric Schmidt says


Facebook lacked restraint, knowingly prioritised profit over sound judgement, accuses former Google boss Eric Schmidt, pictured here with his wife Wendy Schmidt. — AP

Facebook’s conduct revealed in leaked documents is "pretty concerning,” said former Google Chief Executive Officer Eric Schmidt, who called for companies in the tech industry to show more restraint.

Facebook, now known as Meta Platforms Inc., "went a little too far on the revenue side and not enough on the judgment side,” Schmidt said in an interview on Bloomberg Television. "You can see that from the Facebook leaks that have been occurring.”

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