{"609077":{"#nid":"609077","#data":{"type":"external_news","title":"Something Is Wrong at Facebook","body":[{"value":"\u003Cp\u003E\u003Ca href=\u0022https:\/\/www.iac.gatech.edu\/people\/faculty\/bogost\u0022\u003EIan Bogost\u003C\/a\u003E, professor at the School of Literature, Media, and Communication (LMC) at Georgia Institute of Technology, wrote\u0026nbsp;\u003Cem\u003EThe Atlantic\u003C\/em\u003E, July 26, article, \u0026ldquo;Something Is Wrong at Facebook.\u0026rdquo; The School of Literature, Media, and Communication is part of the Georgia Tech Ivan Allen College of Liberal Arts.\u003C\/p\u003E\r\n\r\n\u003Cp\u003EExcerpt:\u003C\/p\u003E\r\n\r\n\u003Cblockquote\u003E\r\n\u003Cp\u003EFacebook\u0026rsquo;s chief financial officer, David Wehner, warned that its revenue growth would slow over the remainder of the year. Wehner also said that the company\u0026rsquo;s profitability would slow. Its operating margin has almost reached 50 percent in the past. That\u0026rsquo;s an incredible number\u0026mdash;Google and Apple often reach only 25 to 30 percent. Wehner urged investors to expect that figure, 44 percent for the current quarter, to trend toward the mid-30s in the future. The reasons amount to investments in new products and services, and changes related to privacy and security. Facebook\u0026rsquo;s user growth also slowed, and actually dropped in Europe, thanks to the effects of the European Union\u0026rsquo;s General Data Protection Regulation (GDPR), which went into effect in May.\u003C\/p\u003E\r\n\r\n\u003Cp\u003EFor Facebook\u0026rsquo;s critics, the crash\u0026nbsp;\u003Ca href=\u0022https:\/\/slate.com\/technology\/2018\/07\/facebooks-scandals-are-finally-starting-to-hurt-its-business.html\u0022\u003Ehad moral implications\u003C\/a\u003E. At last, the company\u0026rsquo;s misdeeds might be catching up with it. But a single bad day\u0026mdash;one that hasn\u0026rsquo;t even concluded as I write this\u0026mdash;says very little about its performance over time. With the exception of the March calamity, driven by election scandals and the company\u0026rsquo;s questionable responses to them, many of Facebook\u0026rsquo;s stock dips tracked with fears about its ability to continue to increase profits at its prior\u0026nbsp;\u003C\/p\u003E\r\n\u003C\/blockquote\u003E\r\n\r\n\u003Cp\u003EFor the full article, visit\u0026nbsp;\u003Ca href=\u0022https:\/\/www.theatlantic.com\/technology\/archive\/2018\/07\/facebook-is-fine-even-if-it-is-also-terrible\/566162\/\u0022\u003E\u003Cem\u003EThe Atlantic\u003C\/em\u003E\u003C\/a\u003E\u0026nbsp;website.\u003C\/p\u003E\r\n","summary":null,"format":"limited_html"}],"field_subtitle":"","field_summary":"","field_summary_sentence":"","uid":"34508","created_gmt":"2018-07-30 13:30:44","changed_gmt":"2018-07-30 13:30:44","author":"oadebola3","boilerplate_text":"","field_publication":"","publication":"JS Coon Building","field_article_url":"","publication_url":"https:\/\/www.theatlantic.com\/technology\/archive\/2018\/07\/facebook-is-fine-even-if-it-is-also-terrible\/566162\/","dateline":{"date":"2018-07-30T00:00:00-04:00","iso_date":"2018-07-30T00:00:00-04:00","tz":"America\/New_York"},"extras":[],"hg_media":{"599763":{"id":"599763","type":"image","title":"Ian Bogost","body":null,"created":"1513011274","gmt_created":"2017-12-11 16:54:34","changed":"1539182171","gmt_changed":"2018-10-10 14:36:11","alt":"Portrait photo of School of Literature, Media, and Communication professor Ian Bogost","file":{"fid":"228650","name":"NEW_Preferred2018_IanBogost.jpg","image_path":"\/sites\/default\/files\/images\/NEW_Preferred2018_IanBogost.jpg","image_full_path":"http:\/\/hg.gatech.edu\/\/sites\/default\/files\/images\/NEW_Preferred2018_IanBogost.jpg","mime":"image\/jpeg","size":2519019,"path_740":"http:\/\/hg.gatech.edu\/sites\/default\/files\/styles\/740xx_scale\/public\/images\/NEW_Preferred2018_IanBogost.jpg?itok=cy9ipBQS"}}},"media_ids":["599763"],"groups":[{"id":"1281","name":"Ivan Allen College of Liberal Arts"},{"id":"1283","name":"School of Literature, Media, and Communication"}],"categories":[],"keywords":[{"id":"10835","name":"Facebook"},{"id":"178626","name":"Cambridge Analytica"},{"id":"168076","name":"Stocks"}],"core_research_areas":[],"news_room_topics":[],"event_categories":[],"invited_audience":[],"affiliations":[],"classification":[],"areas_of_expertise":[],"news_and_recent_appearances":[],"phone":[],"contact":[],"email":[],"slides":[],"orientation":[],"userdata":""}}}