Chamath Palihapitiya: Facebook goes wrong way at 'intersection of business logic and morality'

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Chamath Palihapitiya: Facebook goes wrong way at 'intersection of business logic and morality'
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'At some point your morals and ethics conflict with what the right business logic is,' the ex-Facebook executive says.

finds itself at a crossroads as regulators and lawmakers express concerns on a number of fronts about the power of the social media giant, Chamath Palihapitiya told CNBC on Monday.

"I think that they're at a very difficult point. It is the intersection of business logic and morality," the ex-Facebook executive turned Facebook critic said. "At some point your morals and ethics conflict with what the right business logic is." Palihapitiya, who severed in various management roles at Facebook from 2007 to 2011, came out about two years ago against the direction his former company was taking, saying social media is

Shortly after leaving Facebook, Palihapitiya started Social Capital, raising and investing venture funds in then-startups including

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