James Losey from the New America Foundation writes, "I wanted to share New America Foundation's president Steve Coll's reasoning as to why he is leaving the Facebook. He analyzes a range of concerns including privacy concerns, a chaotic IPO, questionable corporate-governance system, mixed with a lack of user rights. "
I established a Facebook account in 2008. My motivation was ignoble: I wanted to distribute my journalism more widely. I have acquired since then just over four thousand 'friends'--in Afghanistan, Pakistan, India, the Middle East, and of course, closer to home. I have discovered the appeal of Facebook's community--for example, the extraordinary emotional support that swells in virtual space when people come together online around a friend's illness or life celebrations.
Through its bedrock appeals to friendship, community, public identity, and activism--and its commercial exploitation of these values--Facebook is an unprecedented synthesis of corporate and public spaces. The corporation's social contract with users is ambitious, yet neither its governance system nor its young ruler seem trustworthy. Then came this month's initial public offering of stock--a chaotic and revealing event--which promises to put the whole enterprise under even greater pressure.
I quit FB a few years back. I felt like it took a lot more from me than it gave me.
When estimating his net worth, Pepe the Cheeto is apt to include a multibillion dollar valuation for the “Trump” brand-name; but new Trump Hotels will be called “Scion” hotels, “a nod to the Trump family and to the tremendous success it has had with its businesses, including Trump Hotels, while allowing for a clear distinction […]
Facebook — which accounts for as much as 75% of the traffic to popular websites — tweaked its algorithm to downrank those same publishers, who had been engaged in an arms-race to dominate Facebook users’ feeds through techniques intended to gain high rank in Facebook’s secret scoring system.
Update: According to The Verge, Facebook has verified the authenticity of the screenshot below. In what appears to be an internal Facebook post, Zuckerberg defends his company’s ongoing association with Peter Thiel — Facebook investor/board member and major donor to white-supremacist/pro-rape presidential candidate Donald Trump.
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