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Problems continue for Facebook

Well, problems love Facebook. The social media giant has already seen a lot of problems since it listed at the NYSE. The stock prices refused to go up, investors were unhappy about the progress, companies charged Facebook for bogus bots, the looks of facebook also changed many times, which were just imposed upon the users.

Now the Facebook advertisers are forced to vet user comments, in compliance with the advertising laws. The Advertising Standards Board, Australia ruled that posts on Smirnoff’s Facebook page are effectively advertising, regardless of whether they were made by the company or a member of the public, and should therefore comply with advertising laws. Advertisers will have to factor the cost of vetting user comments into their plans for advertising on Facebook, whilst constant policing could also undermine the power of Facebook as an advertising platform, experts said.

Channel 5 has permanently suspended Facebook voting for Big Brother 2012 days ahead of the climax of the reality series and will not use the mechanic for its forthcoming celebrity series.

The California Legislative Analyst’s Office said last week the state will lose hundreds of millions in state tax revenue if Facebook’s stock continues to stagnate. California had been budgeting on $1.9 billion in revenues from Facebook, based on a stock price of $35 a share, but Facebook shares have slumped broadly, ending Friday at $21.09 per share Friday, 45% below the initial $38 share price.

Facebook is already being criticized for censoring art works. In a statement, the French Tumbler culture writer “Véculture,” who protested Facebook’s censorship last week of Gerhard Richter’s “Ema” (a misted view of a nude woman, on the page of the Pompidou Center) remarked, “Try to click here. See it? No? That’s normal.  Facebook has simply completely censured it.”  Véculture also points to another recent incident in which Facebook  censored an image of Gustave Courbet’s provocative “Origin of the World,” while ArtInfo France points to efforts by Facebook to remove nude drawings by students at the New York Academy of Art.

Is there more to come??

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