Facebook’s bad year just got worse
https://www.cnet.com/news/facebooks-bad-year-just-got-worse/
The social network has faced a litany of controversies this year: election meddling by the Russians, data misuse and fake news. The platform has been accused of helping violence spread in Myanmar, India and Sri Lanka. CEO
Mark Zuckerberg has defended Holocaust deniers.> But amid every controversy, Facebook -- the public company and business -- seemed unscathed. Quarter after quarter, Facebook handily beat sales and profit estimates by Wall Street analysts. A #DeleteFacebook campaign didn't have any "material impact" on the bottom line, COO
Sheryl Sandbergsaid earlier this year. When UK regulators issued the largest fine they could against the company as punishment for the Cambridge Analytica data scandal, the tab amounted to £500,000 ($655,000), chump change for a company that brings in $40 billion a year.