According to Mark Zuckerberg, Facebook’s 2 billion users represent a global community whose interest are served at no charge, a community that facilitates and encourages historically unprecedented social interconnection on a global scale Unquestionably much of this is positive.
Facebook was an easy and available means to help launch the Arab Spring, Occupy, Black Lives Matter, the Women’s March in response to the election of Donald Trump, the Students March for Our Lives and the movement in response to gun violence.
Facebook also represents the crystallization of series of global problems. Facebook’s rise is contemporaneous with the emergence and the rapid consolidation of a global netocracy, an internet based capitalism, enriching a billionaire class at the expense of the many. Facebook has become the tool not just for interconnection, but for the growth of sequestered and divided groups as the new normal for whom different opinions are considered “fake news” as well as the tool used to propagate outlandish conspiracy theories and a thousand flowers of bigotry.
Facebook is the poster child of the global netocracy. Facebook now has a market capitalization of more than $450 billion dollars with annual revenue in 2017 of $27.6 billion dollars, up from $7.9 billion in 2013, a 350% increase in 4 years. Earning before taxes were $20.6 billion, and after taxes $15.9 billion, soaring from $2.9 billion in 2014. This is an astounding economic success….