Description: Facebook founder Mark Zuckerberg has announced that his company will now be known as Meta. The move by the social media giant sure seemed to attract its own share of social media response, with Twitter showing “Zuck” and “META” trending at the top of the list. Some of the online opinion questions whether this name change might be a move to switch the conversation after leaks of information painted Facebook in a very unfavourable light.
Date: October 29, 2021
1) Have you been following recent controversies around Facebook?
2) How are your classmates responding to the revelations such as those about Instagram’s harmful impacts on young users or Facebook structuring algorithms privilege certain types of controversial content? For example, have any of people at your university consciously reduced usage of these platforms as a form of protest?
3) Page 2-19 in Wiley’s Financial Accounting: Tools for Business Decision-Making discusses Facebook’s price-earnings ratio. How have recent news stories impacted this ratio for Facebook?