On its 20th anniversary, Facebook, now part of Mark Zuckerberg’s Meta, reflects on a tumultuous week.
Despite the company’s success, with Meta valued over $1 trillion and reporting $39 billion in profit for 2023, it faces increasing controversy and political scrutiny.
Zuckerberg recently testified before the Senate, apologizing to parents whose children died due to social media-related issues.
The hearing focused on child safety, and lawmakers are considering potential legislation to regulate Meta and other social media platforms.
The company’s association with controversy has persisted over the years, and calls to amend Section 230, providing internet platforms immunity from certain lawsuits, gain momentum.
Despite the historic milestone, Meta refrains from public celebration amid intense scrutiny. Zuckerberg, in a post, emphasizes focusing on the long term. The French poll on social networks’ societal impact indicates growing skepticism.
While major companies often celebrate milestones grandly, Meta opts for a low-key approach to Facebook’s 20th birthday, mirroring its complex relationship with public perception and regulatory challenges.