Despite its success, Facebook encountered numerous challenges:
1. Privacy Concerns: Issues related to data privacy and security have been significant hurdles. 2. Regulatory Scrutiny: Governments worldwide have scrutinized Facebook for various reasons, including its market dominance and data practices. 3. Ethical Dilemmas: Facebook has faced criticism over its role in spreading misinformation and its impact on mental health.
These challenges emphasize the importance of risk management and ethical considerations in entrepreneurship.