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Welcome to Corporate Adulthood, Facebook. It's Awful.

It was dealing with the ramifications of Russian propagandists using Facebook to stir U.S. social dissent, claims that it's censoring refugees fleeing Myanmar and outrage for allowing people to target paid messages to bigots.

Facing a shareholder lawsuit, Chief Executive Officer Mark Zuckerberg also spiked a stock restructuring that would have solidified his control of the company.

That status makes a company the punching bag of politicians, the media, customers, suppliers, consumer watchdogs, investors and anyone else who has a grievance, whether legitimate or not.

Rather, people looking for a quick buck circulated bogus information on Facebook, like a false post that said the pope endorsed Donald Trump for president.

In response to demands from Congress, Facebook also said it would voluntarily hand over advertisements purchased, the company believes, by organizations with ties to the Russian government.

READ MORE (Bloomberg)

  • Obama warned Zuckerberg on fake newsMashable
  • How Facebook fought to keep political ads in the shadowsThe Verge
  • Obama tried to give Zuckerberg a wake-up call over fake news on FacebookDuluth News Tribune
  • What the Russian Ad Buy on Facebook May Have BoughtThe Atlantic
  • Facebook is falling amid share structure and Russian election influence ...Markets Insider
  • Facebook Down As Zuckerberg Scraps Stock Plan, Will Sell SharesInvestor's Business Daily
  • Facebook Withdraws Plan to Create New Stock Class After Investor LawsuitBillboard
  • Facebook Warned FBI About Russian Interference Before 2016 Election: ReportNewsweek
  • Zuckerberg Told Obama Fake News on Facebook Wasn't a ProblemInverse

This post first appeared on The 5th News, please read the originial post: here

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Welcome to Corporate Adulthood, Facebook. It's Awful.


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