https://www.theguardian.com/commentisfree/2020/may/16/facebooks-oversight-board-is-proof-that-it-wants-to-be-regulated-by-itself

The latest attempt by the social media giant to act as a sovereign power is breathtaking in its sheer effrontery

Here we go again. Facebook, a tech company that suffers from the delusion that it’s a nation state, has had another go at pretending that it is one. Originally, you will recall, it was going to create a global currency called Libra and in effect become shadow banker to the world. Strangely, a world that normally seems hypnotised by Facebook turned out to be distinctly unimpressed by that idea; after all, who would trust Facebook with money? So the project is effectively evaporating into something that looks a bit like PayPal, which is not quite what Facebook’s supreme leader, Mark Zuckerberg, had in mind.