Things have been tough for many of the traditional big tech billionaires lately, with the exception being Mr. Elon Musk of course. By tough of course, we are speaking in relative terms, since life is probably never too tough for billionaires as it pertains to what people think about them and how much they may or may not care.
Nevertheless, Mark Zuckerberg, Jeff Bezos, Netflix co-CEO Reed Hastings, and other big tech titans have faced plummeting stock values and building criticisms lately over how they’re managing their companies in the eyes of both consumers and shareholders. 20 years ago, those two aforementioned groups were all who actually mattered when it came to publicly traded corporations with fiduciary duties, at least, outside of following the law.
Today, however, many publicly traded companies are beholden to yet a third group, what many on the right like to refer to as the “woke mob”. This “mob” uses peer pressure to get not only politicians but many corporations to adopt and push their woke radical left-wing agendas in our opinion of course.
Many companies may disagree, which is of course why this is our opinion. Of course, there is lots of evidence out there to back up our opinion that you, our reader, are probably already familiar with. Recently, the so-called “Facebook Whistleblower” shocked the world when she spoke out seemingly in favor of the Musk-Twitter takeover, and she seemed to take another “cheap shot” at Mr. Zuckerberg as well.
She recently tweeted and spoke to Fox Business on the subject. Frances Haugen recently quote tweeted founder and former Twitter CEO Jack Dorsey, who originally said, “The idea and service is all that matters to me, and I will do whatever it takes to protect both.
Twitter as a company has always been my sole issue and my biggest regret. It has been owned by Wall Street and the ad model. Taking it back from Wall Street is the correct first step.”
Haugen said:
“Removing it from the public markets gives us new options that aren’t censorship.”
Removing it from the public markets gives us new options that aren’t censorship. https://t.co/zyhbeukRJR
— Frances Haugen (@FrancesHaugen) April 26, 2022
She then added:
“Ad biz = Twitter had to weigh every product safety change vs small declines in usage or user numbers. Ex bots are the most dangerous disinformation factor – they retweet and amplify disinformation Removing bots = fewer “users”, [sic] drops wall street’s perceived value of Twitter Designing for safety, instead of censoring after the fact, protects people in every language. Censorship = rebuilding safety systems one language at a time, leaving small languages behind”
Designing for safety, instead of censoring after the fact, protects people in every language.
— Frances Haugen (@FrancesHaugen) April 26, 2022
Censorship = rebuilding safety systems one language at a time, leaving small languages behind 🌎
Haugen accused Facebook of putting profits over safety last year. She didn’t appear to us to be on one side or the other of the political aisle in our view. From Fox Business in part:
“I have a feeling that Facebook is going to rationalize to itself that it can’t really do anything different than it already does because of the demands of the market,” Haugen says. “I think there’s a huge opportunity here for Elon to really demonstrate that there’s another way forward.”
It seems that Jack Dorsey, Elon Musk, and many others are concerned that ad-based social media publishers tend to act like publishers as they are beholden to the advertisers more so than the users. This is our words of course, but it seems to be the situation.
Read more from Fox Business here. It seems when social media came along in recent history, humans didn’t really develop an idea of how to make it fair, and it become more about profits and the “woke mob” than simply being a place for people to use as a “town hall”.
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