Social Media is the most promising way of creating Goodwill. Facebook had been ruling the Social Media platform ever since. Along with being able to help create a name for the company, social media can also bring that name down. Anyone and everyone can use this mode of media to either make a fortune out of it or even get someone to the road.
Facebook has been in the news for quite a long time now. The highlights included Mark Zuckerberg, CEO of Facebook buying WhatsApp for $19 billion, making it the company’s largest acquisition.
This was probably the last good thing that happened to Facebook for that period of time, as afterward, there was seen a rise in lynching which was caused by many sinister campaigns.
Lynching in itself is a crime very large, which is a punishable offence. It was obvious for a committee to come up with a strict action.
This exact thing happened when a committee led by Rajiv Gauba, Home Secretary, recommended that the India Heads of the Global Social Media Giants should face criminal proceedings for such an offensive crime.
No Big Firm wanted to be a part of this social media giant because they understood that Facebook in itself was deteriorating.
Facebook shares dropped down to $120 billion in market value. This record as the largest loss of value in a day for a US traded company.
Many positions like the Director or Global Sales, Director and Head of Partnerships were left untaken at Facebook India for a very long time as it was made clear by the Government that if no action was taken about the fake news fiasco, they will have to pay a huge penalty and will be declared as criminals for cybercrime.