In reality, it appears that there is a media scapegoating crisis, not an actual crisis, at or with Facebook: https://jakeseliger.com/2018/11/14/is-there-an-actual-facebo...
The market’s had a hard time deciding what to make of all the “scandals” but the past few headlines have had less and less of an effect on the stock. The TC article that came out yesterday had absolutely zero effect which surprised me a little and the news that they might receive a record fine a week or two ago knocked the stock down for literally twelve minutes before it sprang back up (I was following it that day). I think the market is finally ready to move past all of this and focus on what moves Facebook is going to make going forward because it’s quite obvious users and advertisers don’t care about any of this.
I think there are two camps out to get Facebook for reasons that go beyond privacy- media outlets threatened by its existence and Twitter users who have amassed a large following and view it as an “us versus them” dynamic because they’ve come to rely on Twitter as a communication mechanism. To view Twitter as any better is completely illogical but media outlets are happy to choose favorites if it suits them.
Hopefully it will be possible to have reasonable discourse on HN again instead of the constant flaming.
Is it that the media companies are going broke because of FB and so they hate them, or is it media companies have vast amounts of capital at their disposal to try and bring them to ruin.
My understanding of media’s situation is quite different, and the downswing started occurring a longer time before FB came around.
First hand I can tell you that they don’t expect to take FB down and return to former glory.
Some are even looking at buyouts to return to more of a startup/reboot phase. Not a conspiracy to stick it to anyone else.
The media has always put dominant companies under substantial scrutiny, IBM, Microsoft, Google, Apple, Equifax have all had their fair share of tough stories over the years.
I see nothing particularly unfair in the way that Facebook's travails have been reported. Rather than talking in generalities, perhaps you could give some specific examples of stories that have treated Facebook unfairly.