Facebook Stock TANKS After Whistleblower Reveals Dirty Secrets

We’ve all understood, at one point or another, that Facebook is not exactly good for us.  It’s addicting, it’s agitating, and it’s inciting…all of the purpose of harvesting data and clicks and other insights into our lives for the sole purpose of selling that information to advertisers.

But Facebook is also ubiquitous with modern society, and, as such, isn’t likely to back down from their mighty perch any time soon.

The latest trouble for the oft-embattled social network comes as a former employee-turned whistleblower completely blew the lid off of Facebook’s prioritization of conflict and clickbait over the health and safety of its users.

The identity of the Facebook whistleblower who released tens of thousands of pages of internal research and documents — leading to a firestorm for the social media company in recent weeks — was revealed on “60 Minutes” Sunday night as Frances Haugen.

The 37-year-old former Facebook product manager who worked on civic integrity issues at the company says the documents show that Facebook knows its platforms are used to spread hate, violence and misinformation, and that the company has tried to hide that evidence.

“The thing I saw at Facebook over and over again was there were conflicts of interest between what was good for the public and what was good for Facebook, and Facebook over and over again chose to optimize for its own interests, like making more money,” Haugen told “60 Minutes.”

And that wasn’t all:

“I’ve seen a bunch of social networks, and it was substantially worse at Facebook than anything I’ve seen before,” Haugen said. “At some point in 2021, I realized I’m going to have to do this in a systemic way, that I’m going to have to get out enough [documents] that no one can question that this is real.”

Facebook had several members of its upper management team fanning out across news networks on Monday morning, hoping to stem the tide of trouble coming their way, but to no avail.

The social media company’s stock was down nearly 5% as we approached noon on Monday.