Facebook is out of control. If it were a country it would be North Korea
theguardian.com
theguardian.com
Some people argue that a large company should be regulated by the market, but what if that company is a near-monopoly with a single, unwavering leader?
There's also something troubling about the Mark Zuckerberg, one of the most powerful people alive, having secret talks with Donald Trump, arguably the most powerful person alive. One article suggested they have a non-aggression pact: Trump tamps down attempts to regulate FB, and FB gives him and his campaign the most powerful megaphone in history without any editing.
No, they're not. Very few are. All CEOs serve at the mercy of the voting shareholders.
In a minority of companies, all of the votes are controlled by one person. Facebook is one of those.
Zuckerberg may be able and incentivized to think long-term, but that doesn't mean his vision is a good one. He isn't infallible just because his incentives are as good for the company as they can be.
And none of that even addresses the question of whether what is good for FB's bottom line is good for society.
The exception is activist shareholders who acquire enough stock to get a board seat and then start agitating for change. They tend to be short-term players: once whatever merger or spinoff or dividend they were agitating for happens they move on to the next company.
It’s damaging to our society and the virtual signaling is at an all time high. They go write an article like this, saying X is evil, but it’s so hypocritical.
How can journalists justify themselves when they do this?
That's the virtuous company putting pressure on Facebook to tackle "hate speech" during election year in the US. i.e. stop opponents of the far-left.