Question

When does making a profit have its limit? Was expanding Facebook worth compromising Mark Zuckerberg's character?...

When does making a profit have its limit? Was expanding Facebook worth compromising Mark Zuckerberg's character? Did Zuckerberg overstep his boundaries? Do people live for the sake of corporations or are corporations supposed to serve people?

Homework Answers

Answer #1

Profit maximizing has limit untill point it becomes monopolistic and makes customers worse off where their ability to purchase products becomes minimal and ultimately causes loss of userbase due to alternative switching of products.

Mark Zuckerberg expansion was inline with his character and mjssion to make digital community and make world closer and hence his boundaries were never overstepped as his consistent contribution in driving digital penetration and agglomeration of sellers and buyers as marketplace model is an act of diversification.

Corporation are here to maximise profits and simultaneously have social responsibility to serve people and benefit society by givibg back as whole as prescribed by Companies Act 2013.

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