“Public opinion of Facebook has clearly never been lower.”

User counts and stock dropping for social media giants


Tue, Jul 31st, 2018 11:00 by capnasty NEWS

Calling it a day of reckoning, the numbers involving stock and users has dropped for both Facebook and Twitter. John Oliver shames Facebook for what it is, a giant data harvesting machine, while a U.K. report calls to fine the social media giant for misinformation. I don't think the user abuse is over yet, though; however, an alternative is already in the works.

Zuckerberg in particular was publicly dismissive after the 2016 US presidential election that hoaxes and false news stories had impacted voting trends. Then he was slow to address concerns about abuse and harassment campaigns by some Facebook users, most recently the popular conspiracy theorist Alex Jones. And Facebook has been blamed as well for not watching its service closely enough to stop the spread of misinformation that led to violence in other countries.



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