July 19, 2019

Facebook Has Lost All Credibility

“IF THERE IS one message Facebook has been trying to send to the world in 2018, it’s that the company understands it needs to rethink the way it operates. Facebook says it understands that it must better police the content that appears on its platforms. And as a result of the Cambridge Analytica scandal early this year, Facebook says it must be more effective in how it protects user data, more transparent about all the data it collects, and more clear about who has access to the data. CEO and cofounder Mark Zuckerberg said fixing Facebook was his project for 2018, and he said earlier this year that he was dedicating enough resources to the problem that we should expect to see tangible progress as we approached 2019.

Facts have proven to be inconvenient things for Facebook in 2018. Every month this year—and in some months, every week—new information has come out that makes it seem as if Facebook’s big rethink is in big trouble. The billions the company is spending to fix itself, along with slowing advertising growth in Europe and North America, have stalled revenues. Its once high-flying stock price is down 35 percent. Well-known and well-regarded executives, like the founders of Facebook-owned Instagram, Oculus, and WhatsApp, have left abruptly. And more current and former employees are beginning to question whether Facebook’s management team, which has been together for most of the last decade, is up to the task.

Technically, Zuckerberg controls enough voting power to resist and reject any moves to remove him as CEO. But the number of times that he and his number two, Sheryl Sandberg, have overpromised and underdelivered since the 2016 election would doom any other management team. And so for the first time in Facebook’s storied history as a public company, employees, investors, and users are beginning to wonder if the only way to solve Facebook’s current spate of problems is to replace the two of them.

Just since the end of September, Facebook announced the biggest security breach in its history, affecting more than 30 million accounts. Meanwhile, investigations in November revealed that, among other things, the company had hired a Washington firm to spread its own brand of misinformation on other platforms, including borderline anti-Semitic stories about financier George Soros. Just two weeks ago, a cache of internal emails dating back to 2012 revealed that at times Facebook thought a lot more about how to make money off users’ data than about how to protect it.”

Read more

JJ Editor's Daily Picks

"The likely successor to British Prime Minister Theresa May, Boris Johnson, has plans to subsume the government department overseeing development aid into the foreign office, effectively eliminating it. That will destroy a post-Brexit United..."

"Gerard Baker, editor-at-large at the Wall Street Journal (no reflexively anti-Trump publication) recently wrote a piece decrying Donald Trump and his foreign policy as a fount of erratic unpredictability. This essay will give the counter view...."

"On Wednesday, Congresswoman Ilhan Omar announced that she will be visiting Israel and the Palestinian territories in the coming weeks. Omar will be accompanied by Rep. Rashida Tlaib. The two freshman congresswomen have become a focal point of..."

"Netflix may have lost US subscribers for the first time since it began making its own shows, but that didn't stop the streaming giant from dropping new figures about how many people are sucked into its Adam Sandler vortex. (Spoiler: More than..."

"A few years ago, Amy Balliett, CEO of a Seattle-based design and marketing firm, noticed that as the work week slogged on, her employees’ energy and productivity wilted. “That would slump to such an extent that the same task on Monday would..."

"Over the last few days the #faceappchallenge has taken over social media. This “challenge” involves downloading a selfie-editing tool called FaceApp and using one of its filters to digitally age your face. You then post the photo of your wizened..."

"Although there are plenty of irrational aspects to life in modern America, few rival the odd fixation on lawns. Fertilizing, mowing, watering — these are all-American activities that, on their face, seem reasonable enough. But to spend hundreds..."

"Can a book change the way we think? I don’t mean that in the sense of a reader’s opinion or ideology shifting—of course the right literary work can do that. But can a book rewire the brain itself, literally changing the way one particular mind..."

"It’s our job to let kids know we see and hear them, but we’re not necessarily going to solve siblings’ conflicts for them (or else they never get the practice). When squabbles start, imagine you’re a sportscaster and describe what you see in..."

"Magali Trejo-Martinez, a 22-year-old living in Salem, Oregon, recently went on a date that was rather uninspiring. “I had dinner, had a couple margaritas, and then went home,” is how she recapped the evening. This outcome wasn’t entirely..."

"The first lunar landing was many things — a D-Day-like feat of planning and logistics, a testament to the power of man's will, an ostensible propaganda coup for NATO. It was also, I think, one of the most misunderstood events in the history of..."

"THE FIRST TIME Bernie Sanders ran for president, he didn’t talk much about being Jewish. In fact, he didn’t talk much about himself at all. His 2016 primary campaign, like his whole political career, was relentlessly focused on one topic: income..."