Facebook is projected to boost sales by 46 percent and double net income, but make no mistake: It had a terrible year. Despite its financial performance, the social media giant is facing a reckoning in 2018 as regulators close in on several fronts.
The main issue cuts to the core of the company itself: Rather than "building global community," as founder Mark Zuckerberg sees Facebook's mission, it is "ripping apart the social fabric." Those are the words of Chamath Palihapitiya, the company's former vice president of user growth. He doesn't allow his kids to use Facebook because he doesn't want them to become slaves to "short-term, dopamine-driven feedback loops."