Is your privacy worth using Facebook?

3/22/2018

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It’s recently come to light that Facebook has given access to a 50 million+ user data to Cambridge Analytica for use as weapons in his “culture war” that’s not illegal.

 

 

This scandal has cost Facebook stock almost $50 Billion dollars in 2 days.

http://markets.businessinsider.com/news/stocks/facebook-stock-price-slides-on-report-ftc-looking-into-its-use-of-personal-data-2018-3-1018946019

 

Now that’s not to say that Facebook is the only company that is doing it, but they are the biggest at over 2 billion users worldwide. Amazon is likely doing the same thing and Google has an estimated 10-15 exabytes of data.

https://choosetoencrypt.com/news/facebook-is-not-internets-privacy-villain/

 

When you provide a free website, there needs to be a way to monetize that website so that you can afford the hardware and software to provide it for free. Instead of selling products to users, companies like these, sell users as a product to other companies in the form of advertising. A FTC report indicated that only 14% of sites notify their users that they are collecting data about them.  https://www.ftc.gov/tips-advice/business-center/guidance/advertising-marketing-internet-rules-road

 

 

So, the issue is much larger than just Facebook, and each of us must decide if the cost of our privacy is worth using these services.

Recent Comments


Posts: 3
last month
March 27, 2018

Update on this FTC confirms they are investigating Facebook.

 

 

For more details see CNN

http://money.cnn.com/2018/03/26/technology/facebook-ftc-investigation/index.html


Posts: 3
last month
March 27, 2018

I don't know if everyone has seen this from when Facebook had just started up. It was published back in 2010 and hasn't been denied. https://www.theregister.co.uk/2010/05/14/facebook_trust_dumb/

 

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