Facebook struggles to turn the page

After a brutal week for Facebook that saw executive departures, a massive outage and the disclosure of a criminal investigation, the weekend offered the company little respite.

The state of play: There were new revelations in the long-running Cambridge Analytica saga, as well as fresh concerns in the wake of the New Zealand shooting over the company's role in fomenting and amplifying extremism.

Why it matters: 10 days ago, CEO Mark Zuckerberg unveiled a massive reorientation of Facebook's priorities in the direction of private encrypted messaging.

But rather than change the narrative, the time since that announcement has been filled with a familiar drumbeat of bad news.

The bottom line: Facebook has been through a lot of rough weeks without losing its grip on advertisers, customers and investors, and the latest developments may not change that equation.

Original article
Author: Axios

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