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Letter: Facebook has betrayed its founding dream

(Marcio Jose Sanchez | AP) Facebook CEO Mark Zuckerberg delivers the keynote speech at F8, Facebook's developer conference, in San Jose, Calif. Federal regulators are fining Facebook $5 billion for privacy violations and instituting new oversight and restrictions on its business. But they are only holding Zuckerberg personally responsible in a limited fashion.

I bought Facebook stock on the very first day it came out. I’m no stock whiz kid, but I recognized a Harvard dropout’s idealism and the potential of technology to connect people rapidly across space, time and every walk of life.

Mark Zuckerberg is a dreamer from a generation I recognize, because baby boomers were dreamers once, too, especially in our youth.

But I recently sold all of my Facebook stock on principle. The dream I saw in the company isn’t simply tarnished; it’s been co-opted by an unholy alliance of greedy, corrupt Russian and U.S. oligarchs (including Donald Trump) manipulating control of the technology giant for power both at home and abroad.

I have little doubt that Facebook will be fine and, assuming it’s true to its founder’s stated principles, it will soar again because, like most big U.S. corporations, too many are invested in the youthful dream it was created to fulfill.

And if I can, I’ll reinvest in Facebook, when and if they follow through on promises to clean up their act and, more important, accept responsibility as a major guardian of social ideals for all people in a free world. That responsibility comes with the turf in the nation that good Americans all dream this to be.

Until then, I’m letting Mark Zuckerberg buy me this quixotic toy, a Porsche Cayman in British racing green.

Pepper Provenzano, Tucson, Ariz.

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