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A deep dive by The New York Times Facebook del.icio.us Digg.com Mobile Php (Nasdaq: FB) A picture of the historically unique company's crisis after crisis: "Delay, deny and deflect."
With Mark Zuckerberg CEO and COO Sheryl Sandberg "stumbled."
"Bent on growth," says the piece, "in which more than 50 people have been interviewed. "At critical moments over the last three years, they have been distracted by personal projects, and passed to safety and policy decisions to subordinates, according to current and former executives."
Facebook responds by acknowledging that it has been slow to address challenges, but has made progress; In the meantime, lawmakers and the Trump administration has been working on proposals for a national privacy law, which would be a long time over the future of Facebook's central business model.
In the executive ranks were apparent in late 2015 when-then-candidate Donald Trump used the platform for a call to shut down Muslim immigration, and they accelerated with news in presidential campaigns. Along the way, Facebook's political backing began to break under pressure from angry lawmakers from both the Democratic and Republican parties.
Previously: WSJ: Morale at Facebook takes a hit in challenging year (Nov. 14, 2018)
Updated 6:39 p.m .: David Cicilline – ranking member of the antitrust subcommittee of the House Judiciary Committee for the Democrats, set to take over the House – says in response to the piece "This is a staggering report that makes it easy for them to have massive profits ahead of the interests of their customers … It's a long time for us to take action." FB is down 0.3%.
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