A narrative that emerged over the Congressional hearing of Facebook CEO Mark Zuckerberg was how large and important the company has become to society. However, this importance and size should not protect it from proper regulation to eradicate its potential for abuses, holds Christine Emba of The Washington Post. Facebook has caused a lot of trouble and needs to change the way that it operates, its business model and collection of increasingly private information. Hard questions like whether its upsides outweigh the downsides should be asked. The recent data breach should serve to remind that it’s not too big to fail.
Facebook has become too important and too big to fail, write Mike Murphy et all in Quartz. Over the course of its existence, it has periodically faced mountains of criticism and calls for its users to quit. But the company continues to grow. It’s an essential part of people’s lives, collecting years’ worth of memories, all the friends they’ve made and offering a hugely useful communication tool. It’s a source of information and offers businesses opportunities. Scandal after scandal have rocked Facebook but it remains too important to leave. It is likely to survive where Microsoft and Yahoo failed. The company’s huge growth will continue.