That’s crap. Facebook could easily choose to prioritise the long term health of society over their advertising profits today. Everyone with a seat at the table (and all the engineers on down) live somewhere between comfortably wealthy to obnoxiously wealthy. Zuckerberg and all the engineers involved are making active choices, every day, to line their pockets instead of cleaning up their act.
Or just realize that after a while, feeling like crap after using FB will crash their product. But short term gain > long term stability/health.
It's just not that common for executives at a company to forego revenue in service of the common good. Especially at companies like FB, where exploiting the commons is what makes them money in the first place.
This isn't an essential problem with capitalism, any more than food poisoning is an essential problem with restraunts. The problem comes from how some people run their companies. Money gives you the power to do what you want. Whether or not they realise it, people in high up positions at FB, Uber and elsewhere are powerful. They have the capacity to choose what their companies do. Claiming their unethical behaviour is "the fault of capitalism" is like a plumber blaming weak building standards for their own shoddy work.
Do better.
And don't place the blame for unethical behaviour amongst our community on capitalism. People chose to build and maintain all of these system. And people continue to choose to keep those systems running long after knowing the harm they cause.
https://en.wikipedia.org/wiki/Onavo
One of the people who co-founded this spyware company, Guy Rosen, is quoted in the article as "Facebook's vice president of integrity".
As for the Wikipedia link, 90% of that stuff falls under my initial comment of people using the platform in ways other people wish they wouldn't, so I don't find it to be FB's fault. The privacy stuff I think is real, but it's so standard internet these days that it hardly justifies the vitriol.
That is on you. The simple fact of the matter is that they can do better, they should do better and because they are not doing better they must be punished until they do. That is how you deal with a beast that is actively malicious (it does wrong and it knows it is doing wrong, it does not care).
The easiest one is just that Twitter might have more competent developers and product managers working on that problem than FB does.
The more sinister option is that FB knows that the kinds of things that end up being misinformation often drive engagement, so maybe they don't try as hard.
(Agreed, though, that it's not clear that Twitter handles this better than FB.)
I do tend to agree that FB gets more flack than seems reasonable, it's hard to expect any company with a profit incentive in this space doing much better. Though IMO Twitter is an example of better handling of misinformation, propaganda, toxic interactions, and more.