"the company looked at the history of social media over the past decade and didn’t like what it saw… existing companies that are only model motivated by profit and just insane user growth, and are willing to tolerate and amplify really toxic content because it looks like engagement… "
They're a bit late to the party, but better late than never…
not really social media is basically booming right now with the implosion of twitter
Better Nate than lever.