{"id":209899,"date":"2022-02-03T20:38:55","date_gmt":"2022-02-03T20:38:55","guid":{"rendered":"https:\/\/omni48.com\/news\/voices-facebook-and-zuckerberg-took-a-big-financial-hit-this-week-i-m-pretty-sure-i-know-why"},"modified":"2022-02-03T20:38:55","modified_gmt":"2022-02-03T20:38:55","slug":"voices-facebook-and-zuckerberg-took-a-big-financial-hit-this-week-i-m-pretty-sure-i-know-why","status":"publish","type":"post","link":"https:\/\/omni48.com\/news\/voices-facebook-and-zuckerberg-took-a-big-financial-hit-this-week-i-m-pretty-sure-i-know-why","title":{"rendered":"Voices: Facebook &#8212; and Zuckerberg &#8212; took a big financial hit this week. I&#8217;m pretty sure I know why"},"content":{"rendered":"<p>Meta, a.k.a Facebook, took a big hit today. The dollar amount is staggering: over $220 billion in market value lost in late Wednesday trading, on announcement of a decline in profits in fourth-quarter earnings reports. Mark Zuckerberg is personally estimated to have lost between $24-$30 billion. It&#8217;s a fitting start to 2022, given the way 2021 went for them. In the last year alone, Facebook was revealed as a key platform for organizing the January 6th Insurrection, also revealed as a superspreader of Covid misinformation , and sued by Rohingya Muslims for the company&#8217;s role in amplifying hate speech that incited violence in Myanmar. On top of all that, Facebook executive Sheryl Sandberg helped the government of Turkey silence a government dissident. Sandberg&#8217;s response to an email about the government&#8217;s action to block posts from the People&#8217;s Protection Units: &#8220;I am fine with this.&#8221; The world, it seems, is less fine with this. We&#8217;ve had boycotts before, we&#8217;ve had campaigns<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Meta, a.k.a Facebook, took a big hit today.The dollar amount is staggering: over $220 billion in market value lost in late Wednesday trading, on announcement of a decline in profits<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1],"tags":[27,301,34],"class_list":["post-209899","post","type-post","status-publish","format-standard","hentry","category-news","tag-economy","tag-internet","tag-technology"],"acf":[],"_links":{"self":[{"href":"https:\/\/omni48.com\/api\/wp\/v2\/posts\/209899","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/omni48.com\/api\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/omni48.com\/api\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/omni48.com\/api\/wp\/v2\/comments?post=209899"}],"version-history":[{"count":0,"href":"https:\/\/omni48.com\/api\/wp\/v2\/posts\/209899\/revisions"}],"wp:attachment":[{"href":"https:\/\/omni48.com\/api\/wp\/v2\/media?parent=209899"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/omni48.com\/api\/wp\/v2\/categories?post=209899"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/omni48.com\/api\/wp\/v2\/tags?post=209899"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}