Recall the NY Times video that we watched during our 2nd class meeting, “How Facebook is Changing Your Internet”. (To refresh your memory, see https://nyti.ms/2y8o8WC .) With this in mind, please respond to the following question: How do you think that Facebook should balance its responsibilities to its shareholders – to maximize profits – with its responsibilities to its other stakeholders (e.g., its users, and the citizens of the countries in which it operates)? For instance, Facebook makes more money when controversial content is posted, but what if that content is “fake news”? Does Facebook have any responsibility for ensuring that user postings are accurate, truthful, and not misleading? Or is it “reader beware” – up to the reader to verify that the information that they are receiving is accurate and true? Do you believe that the “Iron Law of Responsibility” applies to Facebook for this set of issues? If so, how?
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Importants of Facebook to its Stakeholders