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Facebook Marks 20 Years Amid Controversies and Challenges

As Facebook celebrates its 20th anniversary, the social media giant faces scrutiny over censorship, privacy concerns, and its impact on society.

Overview

  • Facebook, now under Meta, celebrates 20 years with over 3 billion users but faces criticism over censorship and privacy issues.
  • Mark Zuckerberg apologizes to parents at a Senate hearing for the platform's role in child safety issues, highlighting ongoing controversies.
  • Meta's AI ambitions and investments in computing power signal a future focus on generative AI products for Facebook, Instagram, and WhatsApp.
  • Despite challenges, Meta reports a $40.1 billion revenue and $14 billion profit for Q4, exceeding analysts' forecasts.
  • Facebook's user demographics shift as the platform sees a decline in younger users, with individuals aged 25-34 making up its largest audience group.