Tech giants control nearly every aspect of our internet experience, from social media to news, to connecting with your friends and family, tech companies are everywhere. One of the most prominent companies in this field is Facebook, standing tall at an evaluation of hundreds of billions of dollars and millions of users across the globe. The company has grown so large that issues with Congress (which is part of the legislative branch) have become common. But it’s not just the legislative branch that is having issues with Facebook, but now, the executive branch too. President Biden has had rising frustration with Facebook over their handling of vaccine misinformation. He even went as far as to say “The only pandemic we have is among the unvaccinated. And they’re killing people” in reference to Facebook.
Facebook has replied with its own strong response essentially saying “don’t blame us. It’s not just us. It’s not just social media. There are many reasons why people aren’t adopting the vaccine and you shouldn’t be finger-pointing at us”. Despite the rising number of COVID-19 deaths, Facebook has tightened rules against anti-vaccine content and vaccine-related misinformation on the platform. There is some progress, in fact, the vaccine acceptance rate has risen from 70% to between 80% and 85% since January according to Facebook VP Guy Rosen – indicating Facebook could still be having some positive effect on people to go out and get vaccinated. What do you think about the Facebook situation? And is it really their fault when it comes to vaccination rates?
I am not a financial advisor and my comments should never be taken as financial advice. Investments come with risk, so always do your research and analysis beforehand.