This Could Be the End of Facebook
vanityfair.com
vanityfair.com
This quote alone is worth the read. “The damage done to organizations in crises isn’t the crisis itself — it’s how you handle the crisis,”. While it sounds like the distillation of countless racks of airport bookshop self-help and management books, do read it closely -- it's saying the damage occurs as a result of actions taken by the organization itself. In my experience, this is forgotten all-too-often.
“There’s only one thing you have to remember: you have to overcorrect." Decisive execution silents many critics and impresses the rest. Regular readers of HN will recall the times when big-name sites on the web have had multi-hour outages, and have journaled their progress in real-time for people to view, and this transparency has been applauded.
So now the company can't really turn around and say "hey, we aren't responsible for what people post or read on our platform."
I actually don't think private companies should be having a role in showing people the "truth" on user-generated content platforms. What I'm saying is that they decided that this was their role a long time ago, but now that they got in trouble for not doing a great job at that, they pretend that was never their role in the first place.
What lives did FB put at risk here? If there's even an analogy to J&J it's that a few claims on the bottles label weren't true for _some_ of the consumer base.
Democracy is being lost when you start having low turnouts. When citizens lose interest in the matter of the state. When certain positions essentially always stay in the same family(ies). When there is zero confidence in the ability of the politicians to run the country. When it does not matter who you would vote, because the end result (for you) will always be the same.
Loss of democracy is a process, not an event.
At least Facebook, differently from "old school" mass media (granting for the sake of the argument that facebook is a mass media "entity") had no actual intent to push propaganda. It sold ads. To the wrong people? Maybe (granting for the sake of the argument that its selling ads to those people moved votes).
Democracy has been decaying from the start. It's decaying even faster now, but people putting the blame on facebook and the crazy guy that got elected president in the last round make me laugh. Sorry. :)
This may of course just be confirmation bias (it often is) as I'd never notice those who aren't on Fb and don't mention it.
If you subject the concept of Facebook to some critical thought it does become clear that those outside of the bubble have the most logical attitude: Facebook has the potential to turn its users' lives into real live "Truman shows" [1] with each user playing the role of "Truman" in their own right while their contacts - who also get to be "Truman" in turn - play the role of the supporting actors.
Is the stock still worth the price?