Is This Facebook’s ‘Big Tobacco’ Moment?

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Bloomberg Quicktake: Now published this video item, entitled “Is This Facebook’s ‘Big Tobacco’ Moment?” – below is their description.

Facebook Inc. executives have long boasted that its platforms are safe, even as they invested in ways to keep teenagers hooked and hid what they knew about the side effects. Sound familiar? Critics say Big Tobacco once used the same playbook, and it’s fueling a whole new level of outrage against the social media giant.

Facebook consistently played down its own research that showed how photo-sharing app Instagram can harm the mental well-being of its youngest users, according to a report in the Wall Street Journal. Almost a third of young teen girls told Facebook they feel worse about their bodies after scrolling through the site, documents reviewed by the newspaper showed. Despite that knowledge, Facebook is dedicating more resources to reaching even younger consumers, including developing a children’s version of Instagram.

Bloomberg Quicktake: Now YouTube Channel

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About This Source - Bloomberg QuickTake: Now

Bloomberg L.P. is a privately held financial, software, data, and media company headquartered in Midtown Manhattan, New York City.

It was founded by Michael Bloomberg in 1981, with the help of Thomas Secunda, Duncan MacMillan, Charles Zegar, and a 12% ownership investment by Merrill Lynch.

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  • 1 thought on “Is This Facebook’s ‘Big Tobacco’ Moment?”

    1. One simple solution would be to: A. Make the method of directing advertising and view sharing public. B. Require that opposite viewpoints also be directed to viewers. C. Ban or false or at least LABEL false and dangerous content.

      I’m old enough to remember when the cancer causing attributes of cigarettes were disputed by big tobacco. I even remember Lucky Strikes advertised with the slogan: “Feel your level best!”

      When cigarette commercials were finally banned and labels were put on the packaging the tide changed. Local communities felt comfortable banning smoking indoors. Airlines finally banned smoking on planes.

      Reply

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