Facebook's bottomless pit of scandals
The year to fix Facebook – January 4
The year to fix Facebook
Mark Zuckerberg makes a lofty promise for 2018: Fix Facebook. The CEO says in a note that Facebook has work to do, “including protecting our community from abuse and hate, defending against interference by nation states, or making sure that time spent on Facebook is time well spent.” Turns out, saying that was easier than doing it.
New News Feed – January 11
New News Feed
Facebook announces it’s changing how News Feed is organized. It will prioritize posts from friends and family over posts from publishers and brands, even if it means the time people spend on Facebook goes down.
Investors react – January 31
Facebook’s stock is rattled by news that people are spending less time on the service. The stock will fluctuate wildly over the next few months until settling into a steady decline.
“Delete Facebook” – March 20
WhatsApp cofounder Brian Acton urges Facebook users to delete their accounts. His words are notable because WhatsApp is owned by Facebook. He joins a growing “delete Facebook” movement over data privacy and the spread of misinformation on the platform.
Zuckerberg’s apology – March 21
"I'm really sorry that this happened," Zuckerberg tells CNN Business’ Laurie Segall about the Cambridge Analytica scandal in an exclusive interview.
A visit to Congress – March 27
A visit to Congress
CNN Business reports that Mark Zuckerberg will go before Congress to testify about data privacy practices. The same day, he also turns down a request from British lawmakers to answer questions on the social network's privacy practices and Facebook says it will send two deputies instead.
A scandal worsens – April 4
A scandal worsens
Facebook reveals that Cambridge Analytica had information on 87 million Facebook users without their knowledge – nearly 40 million more than what was previously reported. The same day, Zuckerberg admits that Facebook will never be able to fully protect its platform from abuse by bad actors.
Zuckerberg testifies – April 10 - 11
Zuckerberg heads to Washington, DC and endures 10 hours of questions from almost 100 lawmakers about the company’s practices.
Facebook still makes gains – April 25
Facebook still makes gains
Despite backlash from the Cambridge Analytica scandal, Facebook reports that it reversed its first-ever decline in daily active users in the United States and Canada during the first three months of 2018.
WhatsApp co-founder quits – April 30
WhatsApp co-founder quits
Facebook-owned WhatsApp CEO and cofounder Jan Koum says he's leaving the messaging app.
More data-sharing deals – June 3
More data-sharing deals
Another New York Times investigation reveals the scope of data-sharing deals Facebook has with numerous tech companies, including Apple, Microsoft and Samsung.
Problems in India – July 3-4
Problems in India
WhatsApp grapples with issues in India after hoax messages sent on the Facebook-owned app are blamed for a spate of lynchings across the country.
The UK pushes back – July 10
The UK pushes back
UK regulators say Facebook broke the law by failing to safeguard user data, and by not telling tens of millions of people how Cambridge Analytica harvested their information for use in political campaigns. The company is eventually fined £500,000 — the largest amount allowed under Britain's data protection law.
The worst stock day in history – July 26
The worst stock day in history
Facebook stock has the worst day for a public company in history — it plunged 19% — after the company says revenue growth will slow as it "puts privacy first" and rethinks its product experiences. The selloff caused about $119 billion in market value to vanish.
Bans in Myanmar – August 27
Bans in Myanmar
Facebook says it has banned 20 organizations and individuals in Myanmar, including a senior military commander, from using its service. The company acknowledges that it was "too slow" to prevent the spread of "hate and misinformation" in the country.
Sheryl Sandberg testifies – September 5
Sheryl Sandberg testifies
Facebook COO Sheryl Sandberg tells a US Senate committee that the company's "understanding of overall Russian activity in 2016 is limited because we do not have access to the information or investigative tools that the US government and this committee have."
Instagram departures – September 24
Instagram cofounders Kevin Systrom and Mike Krieger announce they are leaving the photo-sharing app owned by Facebook.
New Facebook hack – September 28
New Facebook hack
Facebook says an attack exposed information on nearly 50 million users and gave the attackers access to those users' accounts on other sites and apps where they logged in using Facebook. It would later revise this number and say that 30 million people were affected.
More stock declines – October 30
More stock declines
Facebook disappoints investors again with its latest earnings report. The company’s stock continues to decline.
A damning investigation – November 14
A damning investigation
Another major New York Times investigation suggests the company had not been forthcoming enough about Russian interference on its platform. The newspaper also reports Facebook hired a firm that scrutinized its critics, including the billionaire George Soros.
New internal documents – December 5
New internal documents
The British Parliament releases a set of internal Facebook documents the company had fought for months to stop from being made public. The documents involve claims about the company’s alleged disregard for user privacy, as well as a claim that Zuckerberg wanted to force Facebook’s rivals out of business.
Shared data scandal widens – December 18
Shared data scandal widens
A new report in The New York Times reveals that Facebook offered more of its users' data to companies — including Microsoft, Netflix, Spotify and Amazon — than previously revealed. Netflix and Spotify were reportedly given the ability to read Facebook users’ private messages.