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| VIEW EVENT INFORMATION: Facebook |
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Facebook's Greatest Fear Is Coming True |
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Status: Available Now!
Type: News
Date: Friday 22 September 2017, 12:00 AM
Media: Mashable
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About the organization Facebook:
Type: Business
Sub-Types: Website, Social Networking Agent, Text Hosting Agent, Picture Hosting Agent, Blogging, Microblogging |
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Notable Organizations: Mashable, Facebook
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| Mark Zuckerberg is in damage control mode like never before because Facebook is facing the only real threat to its dominance: U.S. government regulation.
Zuckerberg's video on Thursday told the story. Staring directly into the camera, the Facebook CEO offered by far his biggest mea culpa. He looked, for lack of a better word, scared!
He should be. The revelations that Facebook's platform was used by Russia to target politically divisive ads represents a systemic threat to the empire that Zuckerberg has built in just 13 years. The threat doesn't come from its loyal users or from disgruntled advertisers or growing competition. Facebook has shown its ability to keep users happy, advertisers spending, and competition at bay.
The Russian controversy is about one thing that keeps Facebook executives up at night: government regulation. |
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