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If you look at it that way, then what Facebook was advocating for starts to look noble. They wanted ultimate transparency so that if anyone said anything stupid, it would get instantly knocked down, preventing the spread of misinformation, but obviously they failed really badly.

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I don't think they failed at all. They also realized that this "stupid" conversation was very profitable, and the more they pushed it to other people, the more money they made.

If there is a failing, it is that Facebook is still claiming the moral high ground while they have ground our public discourse in to the manure.

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