Former Facebook executive Alex Stamos explained how Facebook's Mark Zuckerberg is able to consistently make decisions that only make sense with the benefit of hindsight. From a report: "Mark Zuckerberg is sitting on more data about what people want to do online than anyone else in the world," said Stamos, who was speaking at the Washington Post's technology and policy conference on Wednesday evening. He cited the acquisitions of private messaging WhatsApp in 2014 for $19 billion, and photo-sharing service Instagram in 2012 for $1 billion, as examples of bets "that people think are insane but turn out to be prophetic because he knows the direction the world is going," Stamos said. Further reading: Facebook Used Its VPN App To Track Competitors, Documents Reveal.

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