I deflected conspiracies today but now change my position. If I were Facebook and knew these eight SEC whistleblower complaints were being published today, I sure as hell would take down my own apps to distract the press.
They are deadly - way beyond what we've seen so far. /1
I'll thread them, every analyst, academic, journalist and regulator covering Facebook needs to review them and SEC needs to launch full investigation:
linking in this thread with my initial reaction as i read through the first few complaints. I'll read the remaining in the next day but have at it people.
btw, first tweet above was only context for how bad the complaints read. I’ll still bat down the obvious conspiracies. These things happen. Whenever I was told we were down due to a network routing issue causing a spiral, I braced for a long day and night.
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the narrative that Facebook is awful but they can be better is extremely dangerous in this moment of global movement. It leads to regulation Facebook itself promotes rather than fixing governance, core surveillance capitalism biz model and market power issues of the company. /1
"the buck stops with Mark" - Facebook whistleblower with the exact same five words we heard from Facebook's CTO when he testified to UK Parliament in 2018 although oddly a Facebook executive last week would no longer say this. /2
Senator Blackburn just said "Facebook sells the data" [to advertisers] which is likely to trigger Facebook, Inc and its comms team. Reality is the definition of "sell" matters here and Facebook and Sheryl Sandberg have made it a 3rd rail, red line talking point since 2010. /3
Bam. Just now reading through 8 SEC complaints filed by Facebook Whistleblower. They're brutal, incredibly damning. My attention went to last one, "Facebook's Reach" as I'm very familiar with other parallel lawsuits. Also likely why Everson jumped ship... cbsnews.com/news/facebook-…
I see in these SEC whistleblower filings a # of connections into other civil lawsuits currently underway against Facebook. If the SEC launches an investigation and examines the entire body of evidence, including SEC's own settlement with Facebook, it will likely be very damning.
OK, I've now read two complaints. I need to crash but so far these are absolutely brutal, meticulous complaints to SEC. Facebook is toast; I can''t see how its leadership team is still in place fighting this. Let's look at "Facebook's Role in the 2020 Election and Insurrection"
Here is the difference. The amended case answers all the judge’s concerns. I wouldn’t let Facebook’s lobbyplex bragging about their initial win confuse you into confidence this case is going anywhere but forward.
Back to Facebook’s response to FTC. I’ve now read the fifty pages and it’s dumb. Sorry, that my shortest twitter-friendly word for it. Dumb. To believe the case shouldn’t move forward you need to believe … /3
Pretty impressive rollout by Facebook whistleblower. She has stream-rolled over efforts by Facebook to control the narrative or create doubt in the reporting and her. Here is New York Times and Washington Post. /1
The two largest finance news sites and newspapers. /2
hi @AdrienneLaF, I worry enough Facebook press didn't read your cover story yet -> Facebook needs to be treated like a "hostile foreign power." They're playing directly into Facebook's PR strategic response undermining a whistleblower risking it all. /1 theatlantic.com/magazine/archi…
with respect, I don't agree at all with allowing Clegg on Sunday morning shows. It is the equivalent of giving the head of PR at Brown and Williamson airtime the morning of Jeffrey Wigand's whistleblowing on 60 Minutes. If I was the whistleblower, I would be irate at this. /2
Meanwhile, another national news outlet just republished an internal memo written by Facebook PR broadly characterizing to FB employees what to expect on 60 Minutes tomorrow night. Do we not think that is exactly what Facebook wanted? Andrew Bosworth Lord of Rings memo 2.0 /3
Because it’s going to get a lot worse. PR tip: 60 Minutes has a significantly larger audience (10mm+) than anything so far and will tease hearing. In addition, there are larger problems all coming at the same time. I’ll list them in no particular order: