What’s wrong with Facebook and how to fix it

At a certain point, all the bad Facebook headlines start to blur together. Earlier this month, a New York Times investigation found that Facebook had carved out exceptions to its data-sharing policies for major companies like Netflix and Spotify, agreements that were still in place as early as last year. In the same week, we learned the company was sucking up more data from third party apps through its login system, had enabled a misinformation campaign in Bangladesh, and keeps logging locations for users who turn off location services. After a while, it’s hard to keep up with all the ways the company is preying on its users.

As complex as each story seems, the broader takeaway is pretty simple: Facebook has an enormous amount of...

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