It Took Facebook 10 Months to Admit What Every US User Knew in November

It Took Facebook 10 Months to Admit What Every US User Knew in November

Facebook was completely taken over by fake news and fake advertising. It allowed itself – absolutely willfully – to be taken over by stories planted and paid for by Russian backers about everything from Hillary’s supposed extra-marital affairs to her purported desire to run a child prostitution ring from the West Wing.

Anyone, and I mean anyone, with a pulse on the internet realized what was going on at the time. This website, which I guarantee you is much smaller than Facebook, was subjected to an extraordinary hacking effort, followed by what seemed to be a denial-of-service attack, all directed from Russia in early November 2016. Yet, with our very limited resources, we managed to defeat both.

Facebook not only didn’t defeat this Russian interference, but willfully profited by it. Did it really take them only 10 months to discover this themselves? Does anyone really believe that they only made $100,000 off of Trump’s victory? As Pierre Omidyar, a Tufts alumnus, points out, why can’t Facebook release the content of the political advertisements that they now admit were planted by Russia?

Our democracy has been severely weakened by all this and the US faces an extraordinarily difficult future as a result of the major Russian interference that occurred last November. It is high time for this overrated site that is about people sharing thoughts about their most trivial habits with their high school friends to own up to their culpability.

Ari Socolow
Ari Socolow: Ari Socolow is the Chief Economist and Editor-in-Chief at BestCashCow. He is particularly interested in issues relating to bank transparency and the climate crisis. Since co-founding BestCashCow in 2005, Ari has been frequently cited in the media as an expert on local and national savings accounts, CD products, mortgage and loan products and credit card rewards products.

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