The company had its worst earnings yet. What gummed up the Facebook engine?
Source: Facebook had a jaw-droppingly terrible week.
Meta felt the heat in 2021 as whistleblower revelations, congressional ire and demands for data knocked the company back on its heels. Here’s a look at research into the problems Meta poses for society.
Source: Facebook became Meta – and the company’s dangerous behavior came into sharp focus in 2021: 4 essential reads
The weekend crop of stories were a part of that push. Nearly all of them reveal Facebook executives’ reluctance to fix the problem at the heart of the company’s dangerous but profitable business: a revenue model that puts engagement and growth before the health and welfare of a multiracial democracy.
Source: Opinion | Media Outlets Flood the Zone With News of Facebook’s Failure | Timothy Karr
“This industry is rotten at its core,” said one critic, “and the clearest proof of that is what it’s doing to our children.”
Source: Profits Before People: ‘The Facebook Papers’ Expose Tech Giant Greed