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‍It’s one of the more than 200 boards on Azevedotechcrunch giant has been fined since it was first busted for its role in the Russia election meddling. So it should come as no surprise that the social media giant is also facing questions about its oversight board about facebook

Facebook Is Stuck In The Helping Hand

Despite being fined $500,000 and being ordered to change its rules and practices, Facebook has not been put on the hard shoulder it so needs to get its act together and get back to facilitating the full, if not more, reach of its various businesses. Instead, its troubles center around its oversight board, which is charged with running the company but which has not been subject to much oversight. The board (which consists of four members) has never been subject to any real scrutiny on how it’s spending its money. That’s because there haven’t been any real threats to the survival of the company, and there haven’t been any big revenue or commercial opportunities for the company to worry about. As a result, the board has been largely run with the assistance of the company’s two core investors, John Poindexter and David Marcus. Ultimately, the board has been unable to get the company to take any urgent steps to protect its shareholders. And it has been doing so as it waits for regulators to decide what action is necessary to get its company back on track.

Facebook’s Truth-O-Meter Is Missing

When it comes to the actual number of Japanese users who are using Facebook, the company has no idea. That number has been floating in the double digits since the start of the year. So, Facebook has been keeping the number of verified users that canacccept messages and posts, however they’re sent, as a closely-guarded secret. However, the number of “undecladded” accounts — those that don’t have their real name or address on file with the platform — has been tracking trends. So, when the company does have a figure on how many people are using those accounts, it’s typically a very conservative one.

It Doesn’t Have A Self-Checkout For Facebook Users

The single greatest oversight of all on the Facebook oversight board concerns how it’s spending its money. While it has always maintained a healthy profit margins, the company has made serious blunders when it comes to regulating spending. For example, in its earlier years, Facebook spent a lot of money on lobbying and attending events in order to get its name on the walls of famous places like the White House and the United States Capitol. But it’s also become something of a mecca for social media executives. When the company first hit public markets in 2012, many of its most prominent employees were involved in social media: including the company’s co-founders, Mark Zuckerberg and Conde Nast’s editor-at-large, Versace, who helped launch Facebook. In order to keep its name in the news and its finances in line, the company has dramatically reduced the amount of spending it makes on lobbying and other governmental actions. But it’s also banned any spending that exceeds $31,000 in a single year. And it’s made it clear that it won’t be shy about sprucing up its already-impressive already-decentralized platform.

It Doesn’t Have A Review Program

Like everything in communications, the number one responsibility of any board member is to review and remove letters of reviews from its website. However, in this case, the letters of reviews are the ones challenging the company’s legitimacy as the source. That’s the exact mistake Facebook made when it first started putting up its review programs in 2008. In order to catch these frauds, the company set up a website that let users submit comments on articles and reviews. Unfortunately, this website still isn’t online. As a result, the company has no way of checking whether readership is genuine. That’s because it doesn’t have a single employee on hand to review every single comment on its website. Furthermore, its customer service team has never been particularly adept at handling issues like this.

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