Facebook Inc (FB) CEO Admits Platform Needs A Lot Of Fixing

NASDAQ: FB | Facebook, Inc. - Class A Common Stock News, Ratings, and Charts

FB – CEO Mark Zuckerberg admits Facebook needs some serious fixing in 2018.

Despite a deluge of criticism from all sides in 2017, Facebook Inc (NASDAQ:FB) shares had a banner year.

Considering the incredible amount of money the platform and its subsidiaries generates, that shouldn’t be a huge surprise. After all, stock valuations are largely based on future earnings potential, and Facebook has that in spades.

Of course, that doesn’t mean the platform doesn’t have its flaws. CEO Mark Zuckerberg actually admitted these deep issues to CNN Money this week, noting his yearly goal is to fix the major ailments that plague his social media juggernaut:

Zuckerberg said Thursday his personal challenge for 2018 is working to prevent Facebook from being misused in ways that potentially do harm to its billions of users and to society at large.

“The world feels anxious and divided, and Facebook has a lot of work to do — whether it’s protecting our community from abuse and hate, defending against interference by nation states, or making sure that time spent on Facebook is time well spent,” Zuckerberg wrote in a Facebook post Thursday. “My personal challenge for 2018 is to focus on fixing these important issues.”

Specifically, Zuckerberg noted that Facebook makes “too many errors enforcing our policies and preventing misuse of our tools.” These errors have led to the proliferation of fake news, divisive and hateful content, and allowed widespread Russian meddling in the 2016 U.S. presidential election.

So far, investors have shrugged off these major issues. But it appears Facebook is finally serious about fixing them, and that could help mitigate the only real risk the company faces: governmental regulation.

Facebook Inc shares rose $0.77 (+0.42%) in premarket trading Friday. Year-to-date, FB has gained 4.46%, versus a 1.78% rise in the benchmark S&P 500 index during the same period.

FB currently has a StockNews.com POWR Rating of A (Strong Buy), and is ranked #4 of 50 stocks in the Internet category.

FB at a Glance

FB Current POWR Rating™
Overall POWR Rating™
FB Current Price $150.04 1.17%
More FB Ratings, Data, and News

FB Price Reaction

The day of this event (Jan. 5, 2018)
FB Closing Price$186.85 1.37%
FB Volume13,574,500
19.16% from avg
Leading up to this event
FB 1-mo return6.65%
After this event
FB 1-day return2.10%
FB 3-day return1.87%
FB 5-day return2.77%

FB Price Chart

The Top Stocks For 2019

More Facebook, Inc. - Class A Common Stock (FB) News View All

Event/Date Symbol News Detail Start Price End Price Change POWR Rating
Loading, please wait...
View All FB News
Page generated in 0.9543 seconds.