Sunday, 23 September, 2018

Facebook Inc (FB) CEO Admits Platform Needs A Lot Of Fixing

Justin Sullivan  Getty Justin Sullivan Getty
Mandy Jefferson | 07 January, 2018, 01:09

"Zuckerberg referenced cryptocurrencies in a posting Thursday in which he laid out how he will spend 2018 trying to correct persistent problems -" including the proliferation of hate speech and misinformation -" that have dogged his wildly popular social network for the past two years. That first year the economy was in a deep recession and Facebook was not yet profitable.

His 2018 task might be the most ambitious yet: Fix Facebook Inc.

In a New Year's message posted on Facebook, he said he would be dedicating 2018 to repairing the company's reputation following a year in which it has been attacked over fake news, Russian political meddling and allegations that social media can be detrimental to people's mental health. He added that while Facebook won't prevent all mistakes or abuse, "we now make too many errors".

To foster a less toxic community experience, "crying face" and "angry face" emoji responses will be disabled on any posts published on official Facebook customer support pages, or on the personal pages of Facebook staff.

Will 2018 be a good year for Facebook?

Mega Millions jackpot victor in Florida, but Powerball at $570M
Lottery officials tweeted late Friday that the 7-Eleven in Daly City that sold the oh-so-close ticket is at 411 Gellert Blvd. The Powerball jackpot and Mega Millions jackpots are both over $400 million at the same time for the first time.


He was. This year, however, if we are to believe his recent statements, we can expect him to be more personally invested. The company spent much of it on the defensive, explaining its bungled handling of fake news, graphic violent content, Russian interference in U.S. elections on its platform, and its overall contribution to divisiveness and polarization around the globe.

Zuckerberg went on to say that "many people have lost faith in that promise". In one particularly gruesome instance, a man in Thailand broadcast himself killing his 11-month-old daughter on Facebook before committing suicide.

Others less obvious areas relevant to Facebook that others are attacking with decentralized projects including transparent online advertising platforms, local discovery platforms, artificial intelligence platforms, music/video streaming platforms and more. "But that doesn't mean we don't have responsibility".

This is no small task considering the flack Facebook has received in the a year ago over its role in spreading alt-right propaganda, Russian interference in the 2016 election, and hosting graphic, disturbing content. Ultimately, Zuckerberg's new goals are a sign that he's finally coming to terms with one simple fact: He runs what may be the most influential company in history, and it's no longer okay to simply "move fast and break things", as Facebook's motto once held.

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