Recently, the online community has been “keeping up” with the exchanges between the giant Facebook and regulatory agencies in Europe, as in the new rules announced this month, Meta, Facebook’s parent company, continues to threaten to pull Facebook and Instagram out of the European Union due to new data laws.
However, European regulators have shown that they are not intimidated by this, stating that “life would be much better without Facebook, and we would live much better without it.”
Facebook is Facing a Strong Boycott Wave in Europe
In the last three months of 2021, the number of users leaving the world’s largest social media platform reached half a million. This phenomenon mainly occurs in Africa, Latin America, and India, and it is also the first time it has happened in the 18 years since Facebook’s inception.
This dismal report immediately caused Meta’s stock price to drop by 26%, equivalent to a market value loss of 230 billion USD for the tech company. According to Bloomberg’s predictions, CEO Mark Zuckerberg’s wealth will decrease by about 24 billion USD, threatening his position as the 13th richest person in the world.
On the social media platform Twitter, users continuously post articles criticizing Facebook, while using the hashtag #DeleteFacebook as a declaration to distance themselves from this “notorious” social media platform.
Facebook Contains Many Sensitive Content and Unverified Information
The vast majority of users share the same opinion: they do not want to use a platform that has the ability to manipulate news feeds and has full control over what users get to see. In addition to the alarming issue of fake news, Facebook users also have to face a slew of uncontrolled hostile comments.
According to a study published in the journal Nature, Facebook is the worst source of spreading fake news. Fake news tends to spread faster than real news on social networks, with real news spreading slowly compared to distorted and negative information, making it difficult for companies like Facebook to achieve balance. Not only limited to the issue of fake news, this social network has also been criticized multiple times for supporting the spread of sensitive health information, denying global warming, and allegations of fraud in the 2020 US presidential election or anti-vaccine groups…
Facebook “Eavesdrops” and Exploits Users for Advertising Purposes
From time to time, we hear people say that Facebook is eavesdropping, or we notice that just by talking about something, we immediately receive advertisements for it on Facebook.
Although Facebook has denied this many times, we all find the answer for ourselves, don’t we?
But we cannot deny the popularity and the connection that Facebook provides us; however, do you still want to continue using Facebook?