These days, Facebook’s mantra of saying “I’m sorry” may be a thing of the past.
And as the social-networking giant continues to pile up record revenue and earnings, his tone has hardened despite a federal investigation into its business practices and an upcoming presidential election that has put the company in the crosshairs of liberals and conservatives.
The change in attitude is most vividly on display with Facebook’s FB, +0.22% pledge in January to stubbornly cling to accepting all paid political ads at a time when Twitter Inc. TWTR, -1.65% and Alphabet Inc.’s GOOGL, +0.30% GOOG, +0.34% Google have vowed to crack down on governments and political groups using their platforms to spread false and misleading information.For the sake of its bottom line, Facebook may have no choice. Some 98.5% of its $70.7 billion in 2019 sales came from ads.
Before Facebook announced its unequivocal stance on political ads, Zuckerberg set the tone with a speech at Georgetown University in October that espoused all forms of speech, including paid political ads that could be considered misleading. “I believe in giving people a voice because, at the end of the day, I believe in people,” he said.
See also: Opinion: Zuckerberg appears to be done apologizing for Facebook and taking Tim Cook’s punches Then there is simple human nature: Facebook is asserting its message after taking a series of body blows from Congressional members for more than a year following the Cambridge Analytica data scandal and 2016 presidential election.
Online content should be regulated with a system somewhere between the existing rules used for the telecoms and media industries, Zuckerberg said at the Munich Security Conference in Germany on Feb. 15. ”I do think that there should be regulation on harmful content ... there’s a question about which framework you use for this,” Zuckerberg said during a question-and-answer session.
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