Facebook’s Fireside Chat

It is often said that with great power comes great responsibility.

Returning from parental leave, Facebook CEO Mark Zuckerberg demonstrated the 21st Century version of former president Franklin D. Roosevelt’s “fireside chat.” Mr. Zuckerberg used his social media platform to announce that his company may have inadvertently participated in Russia’s tampering of the 2016 presidential election.

Photo Courtesy of Encyclopedia Britannica

After hiring numerous investigators, Facebook discovered approximately $100,000 in ad spending from June 2015 to May 2017 associated with some 3,000 smear ads believed to be related to Russian ads during the election period.

In response to the findings, CNBC reports Mr. Zuckerberg’s stance as “bringing Facebook to an even higher standard of transparency.” The social media site will no longer allow their users to be fooled by ad companies and those working with them.

By strategically using his social media empire, Mr. Zuckerberg was able to inform the public on the developments and how the Facebook plans to combat them.

Initially, Mr. Zuckerberg was blind sided as well, pushing back on claims that viral fake news stories could have any sway on the election, calling the idea “crazy” and saying that critics lacked “empathy” for President Donald Trump’s supporters.

But pressure on Facebook has grown over time.

Some congressional investigators saw Russian activity on Facebook as key to understanding the extent of Moscow’s influence on the election. Before Mr. Zuckerberg’s Facebook video, Federal Election Commission member Ellen Weintraub called for an overhaul of disclaimer rules around political advertisements on the internet.

Followup interviews with Elliot Schrage, VP of Policy and Communications revealed that the vast majority of Facebook’s over 5 million advertisers use self-service tools. “This allows individuals or businesses to create a Facebook Page, attach a credit card or some other payment method and run ads promoting their posts.”

“We are committed to rising to the occasion, Mr. Zuckerberg said. “Our sophistication in handling these threats is growing and improving quickly. We will continue working with the government to understand the full extent of Russian interference.

Now, that’s a great way to use great power, responsibly.