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Facebook Reaps $1 Trillion Reward for Grow-At-Any-Cost Culture
No matter what Facebook does, investors keep cheering it on—all the way to $1 trillion.
02 Jul 2021, 09:10 PM IST
(Bloomberg Businessweek) -- Facebook Inc.’s critics have long pleaded with the company to revise its data-mining business model, tweak its algorithm to prevent misinformation and hate speech from going viral, and stop its practice of copying and acquiring competitors. But its investors have consistently delivered a different message: Keep up the good work. Facebook’s stock price has climbed relentlessly, and on June 28 the company b...
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