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Facebook’s 10-Year Journey Of Major Screw-Ups And Being Out Of Their Depth

Mark Zuckerberg F8 Speech.Brian Solis/Flickr

While Facebook is now the single biggest social media network in the world, with nearly 2 billion users, it was clearly not a smooth ride. Its growth has allowed both opportunities and backlash to spawn, with the company becoming so big that it is now literally shaping how the world works. As a result, during the upcoming 10th anniversary of the company, founder Mark Zuckerberg is expected to highlight some of Facebook’s biggest stumbles in a speech.

As CNET points out, Facebook and Zuckerberg have had to do some considerable backpedaling over the last few months over issues that include fake news, the proliferation of violent and disturbing contents on its Video and Live features, and the social media site’s evolving role as a media company. The platform’s founder and executives tried their best to field these accusations, but have since made concessions and addressed some glaring issues.

On Tuesday, Facebook will be launching its F8 conference, where Zuckerberg is expected to make a lengthy speech about the journey of his company. The subjects mentioned above are likely to be the main topics of discussion, especially due to how visible the impact of the social network’s errors has been. Chief among these is the controversial victory of Donald Trump during the 2016 US presidential election.

Based on the Harvard figure’s own admissions to TechCrunch, however, a lot of these blunders are not surprising. Zuckerberg was candid about the lack of a playbook in what he and his team were trying to accomplish. At times, it would seem that the company was way out of its depth and has had to scramble to learn as fast as it can in order to contain some of its biggest failures and controversies.

There’s no denying that Facebook is now one of, if not, the most valuable company in the whole world, but its success only highlights its shortcomings even more. While its influence is projected to grow, the same can be said of its mistakes.

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April 28 21:00 UTC Released

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340.61 bln MXN

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-1.93 bln MXN

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340.61 bln MXN

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55.10 %

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51.6 bln $

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51.8 bln $

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57.5 %

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15.3 %

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13.6 %

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21.0 %

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27.7 %

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6.27 bln $

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52.8 %

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52.8 bln $

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