Jim Steyer, Founder and CEO of Common Sense, Issues Statement After Facebook Changes Its Name to Meta
Facebook has repeatedly shown that they cannot be trusted to design products that protect our society over its profits. Policymakers are well aware of this -- and the fact that Facebook's advertising business model depends on attention and eyeballs, which is precisely why they are now designing new tools to keep people on their platforms for more and more time. No one is fooled by the name change. The truth is, Facebook wants an even larger platform -- Facebook on steroids -- even when the current platform is already harming our democracy and society. Their motto has been to 'move fast and break things', which they have succeeded at doing very well. This is not the time to expand on breaking more things. Facebook needs to fix its broken algorithm, not its name.
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Jason Maymon, Vice President, Communications