![]() ![]() parliamentary committee Monday, Facebook avoids taking actions that might help fix things-such as being more transparent about its safety work, or adding friction that could slow the spread of disinformation-because it is scared of shareholders suing it for going beyond what the law requires. So far, shareholders appear unmoved by revelations about Facebook’s harmful effects and its unwillingness to mitigate them, for fear of sacrificing what whistleblower du jour Frances Haugen calls “little slivers of profit.” Yes, Facebook’s share price has fallen by nearly 5% over the past month, but that’s as much to do with generalized fears over the continued efficacy of the kind of surveillance-based advertising it deploys as it is about anything else.
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