New York The release of "The Facebook Papers" is a huge black eye for the social media company, one that could lead to even more calls from regulators and politicians in Washington to break up Facebook.
"The Facebook Papers" are a trove of internal Facebook documents based on disclosures made to the Securities and Exchange Commission and provided to Congress by whistleblower Frances Haugen's legal counsel. The redacted versions were obtained by a consortium of news 17 organizations, including CNN.It's just the latest in what seems like a never-ending saga of screwups and bad headlines for Facebook.
Senator Blumenthal on the significance of the Facebook Papers 05:07Still, one Facebook shareholder said that until users and advertisers start to leave Facebook in droves, little may change. "Management's response to the news flow remains disappointing," said Daniel Morgan, senior portfolio manager with Snyovus Trust, in an email."However, the impact of negative press on advertiser spending has been limited in the past, given the platform's broad reach.
Just shut it down completely it’s no longer fun on Facebook I deleted my account
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