Author David Kirkpatrick, a staunch critic of Facebook, believes the technology giant has little chance of existing in the decades to come.
Facebook is confronting an existential crisis on a global scale that threatens the long-term viability of the company, according to the author of a book on the social networking giant.
“The reality is that Facebook is threatening global democracy. It’s a threat to liberal democracy on a global scale,” David Kirkpatrick, author of “The Facebook Effect,” said in the latest edition of POLITICO Money. […]
“It will survive in the short-term partly because it is so profitable and they will continue to find ways to make it acceptable for users, and advertisers really have no alternatives as a place to go that is comparable for the ability to target customers,” he said.
“But Facebook is essentially a 14-year-old design that for all its evolution is still founded on the ideas of 14 years ago. So no, the answer is it will not survive long term.”
Federal investigators have begun probing Facebook’s use of personal data after reports surfaced that Cambridge Analytica ‘improperly gained access to the data of more than 50 million users.’