Facebook has a serious case of the Mondays

Facebook and its subsidiaries Instagram and WhatsApp experienced unexplained outages around the world on Monday. 

Facebook’s stock price fell by about 5.7 percent by 2:30 p.m. following a devastating interview on 60 Minutes Sunday with former employee and whistleblower Frances Haugen. She was recruited in 2019 to work for Facebook, focusing on misinformation and civic integrity.

Haugen said a 2018 change allowed the algorithm that determines what people see when they look at Facebook to favor hateful content and harmful messaging. The change increased interactions and boosted revenue.

She also said that after the 2020 election, Facebook dissolved its civic integrity unit and turned off misinformation safeguards. 

What did Facebook do wrong? Haugen filed eight complaints with the Securities and Exchange Commission alleging the tech giant is hiding research from investors and from the public.

Since 2018, Facebook’s revenue has jumped from $56 billion to a projected $119 billion for 2021.

Facebook refuted Haugen’s claims and said it is continually working to combat the spread of misinformation. Haugen is scheduled to testify before a Senate subcommittee on Tuesday.

This story originally appeared in WORLD. © 2021, reprinted with permission. All rights reserved.

Subscribe
Notify of
guest
0 Comments
Inline Feedbacks
View all comments