Facebook may have begun as just a social networking platform, but over the course of Sheryl Sandberg’s tenure, it has become much more than that.
The Making of a Digital Business Juggernaut
Sandberg not only maximized Facebook’s potential in social networking, but also helped turn founder Mark Zuckerberg’s small social media platform into an unrivaled business juggernaut, connecting billions of buyers and sellers around the world. As a result, millions of online businesses saw their revenues skyrocket, and millions more were formed as trillions of dollars flowed into businesses worldwide via Facebook.Devouring Competitors
Under Sandberg’s direction, Facebook acquired some of the top social media and networking companies in the world in order to expand its offerings and absorb potential market rivals.In 2011, for example, Facebook bought Beluga, a messaging service that was still in its startup phase. Beluga’s messaging technology was cutting edge, but instead of growing organically, it would become the basis for Facebook’s very successful Messenger service. It’s difficult to imagine Facebook without it.
In 2012, Facebook purchased Instagram, the highly popular photo and video sharing app, for $1 billion. By June 2018, the platform would be used by 1 billion active users a month. In 2021, over 2 billion monthly users would drive Instagram’s revenues to more than $47 billion, almost half of Facebook’s revenue for the year.
In 2014, Facebook paid $19 billion for the popular mobile messaging service WhatsApp, which was making only a few million dollars per year at the time. By March 2022, WhatsApp had become Facebook’s (now Meta Platform, Inc.) top-performing company, surpassing even Instagram, with 2 billion users in 180 countries.
From Network to Driving Political Agendas
Sandberg dramatically expanded Facebook’s role as an unrivaled influencer in both the public and political realms. As a former top aide of U.S. Treasury Secretary Lawrence Summers, Sandberg brought a Washington insider’s political agenda to Facebook. That agenda included promoting radical feminism, social justice activism, and political opinion shaping.Of course, Facebook’s political influence evolved over time. In the beginning, it was a digital place to enable communication among and between people from all over, locally to most nations. But it also provided opportunities for the manipulation of data and content by sophisticated users such as political parties and other corporations, including Facebook itself.
Spying on Users
Then there are the privacy concerns over the use, misuse, and selling of users’ personal data, including personal habits and political preferences. The scale of data abuse is impossible to overstate. In one instance alone in the 2016 election cycle, the data from 87 million Facebook profiles was harvested and sold to a political consulting firm, Cambridge Analytica, without users’ consent.In Sandberg’s era, Facebook has gone from an online network that facilitated communication to a global data gathering machine with a level of power and influence that has never been seen before. It tolerates and even promotes the expression for some points of view and levies harsh censorship for others. It supports certain political agendas while blocking discussions on the medical efficacy of untested vaccines and their politicized mandates.
It is no longer neutral or even truly regulated. It is, with the advent of the Metaverse, its own entity, largely operating under its own rules.
Apparently, those rules include unlimited growth, monstrous power, and denying privacy to all.