Good morning, Marketer, and Facebook is not yet fazed.
Facebook and its absolute ruler Mark Zuckerberg seem not to be fazed. By anything. The Q3 earnings report issued at the beginning of the week showed the social giant missing revenue estimates by analysts, but investors just shrugged their shoulders and sent shares climbing.
Although it admitted facing “continued headwinds from Apple’s iOS 14 changes,” Facebook seemed less shell-shocked than Snap which blamed the changes for missing its earnings target and which saw significant value wiped from its shares.
Perhaps Facebook and Zuckerberg would be fazed by a massive dump of secret documents that appears to show employees throughout the company furious at its lackadaisical approach to hate speech and disinformation? Again no, and there are two overwhelming reasons. The foundation of Facebook’s success is the countless small businesses which built their operations around their Facebook presence and aren’t going anywhere. Plus Zuckerberg can only be fired by Zuckerberg.
Kim Davis
Editorial Director