Facebook won't make cars, Sandberg says: Facebook, the world’s biggest social network doesn’t want to compete with automakers, at least that’s what Sheryl Sandberg, Facebook’s Chief Operating Officer says. She said it with charm and in a bit of a funny manner, mentioning that Facebook is the only company in Silicon Valley that’s not building cars.
But Facebook is sponsoring a "new mobility world" at the Frankfurt show that brings together carmakers, tech companies and start-ups in areas such as autonomous driving and electric cars. Sandberg's visit to Germany comes after the country's parliament passed a law in June to introduce fines of up to 50 million euros ($59 million) for social media networks if they fail to remove hateful postings promptly.
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