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-0.000507430228343759 0.000579920260964002 0.00289960130482042 0.00275462123957952 -0.000802464661109159 -0.00079739035882576 -0.00297209133744108 0.00217470097861532
Stock impact report

Facebook’s Mistake Wasn’t Resisting Regulation. It Was Not Asking For It Sooner [Fortune]

Meta Platforms, Inc. - Class A (FB) 
Last meta platforms, inc. - class a earnings: 4/29 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.fb.com/home/default.aspx
Company Research Source: Fortune
While Facebook has historically resisted government efforts to regulate its operations, it’s now become obvious— even to CEO Mark Zuckerberg —that the company is incapable of doing so alone. But Facebook’s cardinal sin wasn’t how it responded to attempts to investigate and regulate the company. It was that it didn’t ask for government regulation much earlier. Yes, Zuckerberg is a really smart guy. But he doesn’t know everything. There’s no way he could have foreseen every way that malicious actors would misuse Facebook, from spouting hate to misleading people. His mistake was assuming that he could. It should have been obvious that when you give more than 2 billion people access to something, someone’s going to try to do something bad. Rather than assuming they could just handle everything themselves, years ago Facebook’s executives clearly should have said publicly, “We can’t control or predict the behavior of nearly a third of the world’s population. This platform Show less Read more
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