Not entirely sure why:
And although the SEC found that Facebook had made “misleading disclosures”, including lying to journalists,
Lying to journalists isn’t a crime.
But the whole thing is Ha! Facebook! Evil! without any particular evidence of any evilry. About the worst that can be said about the latest revelations is that the company operates to the rules of shareholder primacy. Which is pretty much what the law and custom says it should be doing.
I maintain my standard position here. The huge screaming match is simply progressives insisting that if there’s a source of power – as Facebook could be – then progressives should b running it. And that’s all there is going on here.