(FILES) This file photo taken on November 20, 2017 shows logos of US online social media and social networking service Facebook. Facebook on February 27, 2018 announced a $3 million pilot project aimed at helping US newspapers boost paid digital subscriptions. The move was the latest by the huge social network to respond to concerns that it and other online platforms have hurt news organizations by dominating internet advertising. / AFP PHOTO / LOIC VENANCE
After all the controversy Facebook Inc has generated in recent months, it seemed almost inevitable that at some point, the social media giant would get what it had coming. A reckoning.
Wednesday’s disappointing earnings report and Thursday’s historic 19% stock drop appeared to be a fitting conclusion to an easy narrative.
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