Facebook has been getting some bad press lately, and it seems to be catching up with the company. One of its ex-vice presidents, Chamath Palihapitiya recently said that the biggest social networks in the world are “ripping apart the social fabric of how society works”. In a very unlikely move by the company, Facebook actually responded to Palihapitiya. TThe company said:
Chamath has not been at Facebook for over six years. When Chamath was at Facebook we were focused on building new social media experiences and growing Facebook around the world. Facebook was a very different company back then and as we have grown we have realized how our responsibilities have grown too. We take our role very seriously and we are working hard to improve. We’ve done a lot of work and research with outside experts and academics to understand the effects of our service on well-being, and we’re using it to inform our product development. We are also making significant investments more in people, technology, and processes, and — as Mark Zuckerberg said on the last earnings call — we are willing to reduce our profitability to make sure the right investments are made.
Facebook has recently been accused of spreading fake news over social media, which affected the US elections. The company’s CEO, Mark Zuckerberg, recently said, “I’m dead serious about this. Protecting our community is more important than maximizing our profit.” Zuckerberg was talking about things his company does to understand how social media is affected people’s lives.