Here's 27.6 billion reasons why Facebook wants to regulate itself

Facebook spent most of 2017 promising to do better.

The social network has been in hot water ever since last year’s historically nasty presidential election laid bare how its ultra-precise ad targeting can be used for nefarious political means.

Yet for all the company’s tough talk now, Facebook categorically denied this problem existed until less than a year ago. So how much stake should we put in its assurances that it will be able to hold itself accountable in the future?

Facebook CEO Mark Zuckerberg delivered his latest mea culpa in a speech this week in which he finally agreed to hand over to Congress thousands of propaganda ads placed by a Russian troll farm to sew political strife.    Read more…

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