According to the case Fixing Facebook, Facebook was considering developing an oversight board because $\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_.$

$(2$ Points$)$

The share price had begun to suffer in response to a number of public controversies and the board was an attempt to arrest the decline

Facebook had become too big and too consequential for traditional governance structures

The federal government had threatened to regulate the social network if such a board were not enacted

it seemed like the right thing to do$.$