Josh Marshall on Facebook’s longterm problems

Facebook’s degenerate corporate culture and, specifically, its uses of data which may be technically legal (or were) but can’t withstand public scrutiny are at the heart of its business model…

Facebook’s predatory corporate culture and dubious uses of data are too deeply embedded in its business model to be easily extracted. And it may not be possible at all, not while sustaining the fantastical profit levels the company and its stock prices are based on.

Today’s Facebook Stock Drop Is Only the Beginning

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