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Four years ago, Meta CEO Mark Zuckerberg banned Donald Trump from Facebook and Instagram, saying the risks of allowing him on the platforms were “simply too great” after Trump repeatedly used the sites to broadcast election lies and cheer on the January 6 mob.
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On Tuesday morning, Zuckerberg tapped the president-elect’s favorite TV channel, Fox News, to announce that the world’s dominant social media platforms are now, for all intents and purposes, pro-Trump.
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In another questionable decision announced Tuesday, Zuckerbergaddedthat Meta will move its content moderation team to Texas from California, saying this would “remove the concern that biased employees are overly censoring content.” (Meta didn’t respond to 【 - Free Stock Trading Community 】’s question about why a team located in Texas would be less biased than one in California.)
Why is Vikas Lifecare Limited (542655) falling ✌️【Return Potential】✌️ Stay informed with expert predictions of stock trends and real-time market data, covering global indices, futures, metals, and agricultural products. Make better decisions and achieve consistent growth in your investments. The hits kept coming on Tuesday, as my colleagueClare Duffy reportedthat Meta quietly updated its guidelines to free users who want to refer to gay and transgender people as having a “mental illness,” or refer to women as “household objects” and “property.”
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If Meta were to take the harder line it invoked four years ago, it could expect to find itself in Trump’s crosshairs on social media and shut out of the rooms where rivals like Musk are making decisions about tech’s future.
But Meta’s repositioning is hardly a foolproof business plan. Just take a look at X, the site Musk acquired in 2022 when it was called Twitter. Musk remade the site in his own image, reinstating White nationalists and other offensive accounts that had been banned under Twitter’s safety guidelines. Advertisers, wary of their products appearing alongside hate speech, rushed to the exits. Millions of users, similarly unhappy about the return of neo-Nazis on the platform, also left for competitors like Bluesky and Meta’s Threads.
X’s valuehas cratered 80%since Musk bought it, according to estimates from investment giant Fidelity.
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“Brand safety remains a key factor in determining where advertisers spend their budgets,” Emarketer principal analyst Jasmine Enberg said in an email Tuesday. “Social media is already a minefield for content that many brands deem unsafe, and Meta’s change could exacerbate those problems.”
In 2022, Metalost nearly $240 billionin market value in a single day — the biggest one-day drop in companyvalue in the history of the US stock market at the time— after it reported a slight decline in daily active Facebook users and an 8% drop in quarterly profit.
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“Zuckerberg is insulated from the consequences of making bad choices until he’s not — until things reach a breaking point… and then he tends to panic,” Doctorow told me. “Tech calls these panics ‘pivots,’ but they’re just the outcome of being the CEO of a company that posts anemic growth or even a contraction and sees the Street just go nuts on you.”
Past “pivots” have included the Metaverse, the sci-fi nonsense that Zuckerberg pitched as the future of the company three years ago. More recently, Meta is testing out its ownAI-generated “users”in an apparent ploy to goose engagement.
“They’re now at the end of a long run of extremely bad choices,” Doctorow said. Which is not to say Meta is doomed, per se. “But I think that they are on the path to becoming a kind of zombie — like MySpace is today. MySpace still exists. It’s justAI-generated slop and spam.”
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