The Legal Dodgeball Wings Facebook
December 10, 2018
Mark Zuckerberg is a digital circus carnival broker to some people. At least, in England, and like a wanted man in a Western flick, it’s going to take a posse to bring him in for questioning. Unlike his appearance in front of US lawmakers earlier this year, he is not granting the same audience with European officials, as we discovered in a recent Forbes story, “Facebook’s Zuckerberg Ignores ‘The New Reality’ By Skipping Fake News Inquiry in London.”
According to the story:
“A special “Grand Committee“ of nine governments from around the world had come together at the U.K. Houses of Parliament, hoping to ask Facebook’s founder about the spread of fake news on his platform…But lawmakers didn’t get the man with 60% of Facebook’s voting shares and thus ultimate control; they got Richard Allen, Facebook’s vice president of public policy for Europe.”
It comes as no surprise to the bulk of people following this story that Facebook’s profits have recently begun to sag. But, the complicated part is that it’s not because of customers defecting and also not because they are sinking bundles of cash into heightened security (in fairness, they are investing in verification, etc) but simply with the expense of being Facebook. Overhead is beginning to hurt this juggernaut, which is not a great combo with all the controversy. It’ll be interesting to see how Zuckerberg dodges this news.
Patrick Roland, December 10, 2018
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