Facebook Leads the Market Lower

The stock market is having another rough day today. The S&P 500 is currently down over 1.5%. Tech stocks are suffering the most. The NASDAQ is currently off by more than 2.3%. Facebook, in particular, has been hit hard. The shares are currently down over 5%.

A Facebook whistle blower was featured on last night’s 60 Minutes.

The identity of the Facebook whistleblower who released tens of thousands of pages of internal research and documents — leading to a firestorm for the social media company in recent weeks — was revealed on “60 Minutes” Sunday night as Frances Haugen.

The 37-year-old former Facebook product manager who worked on civic integrity issues at the company says the documents show that Facebook knows its platforms are used to spread hate, violence and misinformation, and that the company has tried to hide that evidence.

“The thing I saw at Facebook over and over again was there were conflicts of interest between what was good for the public and what was good for Facebook, and Facebook over and over again chose to optimize for its own interests, like making more money,” Haugen told “60 Minutes.”

Posted by on October 4th, 2021 at 2:14 pm


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