Raise your hand if you heard about the Facebook outage yesterday?
Raise your hand if you knew about the Facebook outage but still found yourself trying to open and refresh Instagram out of a force of habit
It basically goes without saying that Facebook is one of the most powerful companies of our time. However, there are currently three major new stories that are really challenging the ides of allowing a tech company to have this level of influence.
First, the outage yesterday impacted so many businesses that rely on Facebook and Instagram for outreach. Secondly, its stock plunge yesterday resulted in the S&P 500 dropping 1.3%. Of course the reason for this is the massive reveal that came on Sunday during the CBS 60 minutes interview with an internal whistleblower. Frances Haugen, a data scientist at Facebook filed complaints with federal law enforcement unveiling the knowledge the company has on its amplification of misinformation and societal unrest.
In fact, Haugen had been assigned to work in the company’s Civic Integrity division that was devoted to cracking down on misinformation. However, Haugen revealed that shortly after the 2020 election, they decided to dissolve the team. Of course as we all know, the insurrection occurred soon after, and she feels that Facebook has some ownership in it.
The reason I chose this story is that I saw we were going to talk today about technology and how we can adequately manage it.
So with that being said, I am curious to hear if you think Facebook will be able to operate with the level of power they currently have, or are things going to shift?