OPINION
Why Facebook is headed for a terrible 2018
By Leonid Bershidsky
December 18, 2017 | 5:07am
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Facebook is projected to boost sales by 46 percent and double net income, but make no mistake: It had a terrible year. Despite its financial performance, the social-media giant is facing a reckoning in 2018 as regulators close in on several fronts.
To outsiders and regulators, Facebook looks like a dangerous provider of instant gratification in a space suddenly vital to the health of society. It’s also making abuse and aggression too easy — something the UK Committee on Standards in Public Life pointed out in a new report. The panel urged the prime minister to back legislation to “shift the balance of liability for illegal content to the social media companies.”
While Facebook remains the biggest platform, Google and Twitter are facing similar pressure from governments in the US and in Europe. Germany enacted a law requiring the social networks to remove hate speech promptly or face fines. In the US, the activities of a Russian troll farm during the 2016 election campaign prompted scrutiny of Facebook’s ad selling practices and a (rather ham-handed) legislative attempt to force some transparency.
READ MORE: https://nypost.com/2017/12/18/why-facebook-is-headed-for-a-terrible-2018/
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