I think the senior leadership at facebook find this topic boring and/or not “disruptive” and so allocate only forced attention on it. I suspect it is not a good career move within facebook to be interested in this topic.
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It does not surprise me that a company would choose to ignore something that is dangerous, but profitable.
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Facebook is not indispensable. Life goes on without it. Giving it up is easier than conserving water, reducing carbon emissions, or even getting vaccinated.
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