Facebook dropped 20% in one day as the ongoing news about their misuse of personal data began to hit their bottom line a few weeks ago. Here is a guerilla protest campaign in London which encapsulates their issues:
The problem at Facebook is that they forgot that they were there for their members not their advertisers. The idea was free content (news, fake news, and social), no editorial review, and monetization of the data exhaust from their platform.
When that happened, truth and privacy became irrelevant. They can whitewash their actions and pretend that the problems are exogenous to their company, but hiring editors is only the beginning of excising the rot that rests at the center of Facebook’s business model.
Source: Instagram images from ProtestStencil