If they are smart, how do they make
so many mistakes and misteps?
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Each time, Facebook built tools with rosy expectations, only to negligently leave the safety off and see worst-case scenarios arise. In October, Zuckerberg already asked for forgiveness, but the public wants change.
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Maybe FB is smart, just disingenuine, unethical, and clever at hiding it.... I always suspected their data collection was their main cash cow, not simple advertising. Let's face it, FB is not going to willingly give up that power, and they are not going to advertise that it's what is powering their balance sheet. So, what happens if they are regulated and can no longer rely on this revenue source?
I wonder, will FB eventually become like Geocities and AOL? They were hot as stink in their time, but eventually became stale and people abandoned them. I've seen all the young people have already dropped FB. How long before there's a mass exodus to avoid being the last one on something "uncool"?