I hope this has the effect of permanently improving the way they handle data and privacy, but corporations in general will do anything so long as the cost of getting caught is less than what they'd make doing it.
I’ll be real with you chief, this is just a 3-month setback. They’ll grow back from this. It looks devastating at first, but after this initial blow it’s already stabilized.
https://files.facepunch.com/forum/upload/110384/2091030b-ba42-481e-859d-b9a0dc5a12e4/D5270DC5-07C4-4F6E-BA95-D5B7554E5281.jpeg
Big doubt, Facebook has announced that new sign ups are declining and growth is slowing down, making investors weary and not really wanting to touch it.
I don't think they'll recover from this, they won't die all of a sudden tho but it'll take a lot of time to get that money back
Facebook may, but I don't know if Zuck will
I mean, why should he care, it's not like his money will disappear, he'll still be rich even if Facebook burns.
Probably a good time to buy to be honest.
This will eventually fade from the public conscious like most things do. It might take a few years
The best we can hope is that the public at large has learned not to trust Zuck and others like him.
it’d be fucking great if FB died in a fire.
Wow, deleting my account actually did something.
I don't really see why people should distrust Mark Zuckerberg...
What Mark Zuckerberg did like 10+ years ago seems kind of irrelevant; you think that the security issue with Facebook is Mark Zuckerberg PERSONALLY looking at your private messages?
No, his friends paying him for access to it are.
When did that happen?
What rock have you been under?
What friend bought data from Mark Zuckerberg? Link?
He's actually lost $16.8 billion in a single day because of this and gone down a few places on the rich list. Like you say though he's still rich beyond belief, even the fraction of his fortune that he lost is still an absurd amount of money.
Dont use facebook?
There's no way to do that. Even though I deleted mine, they still have info on me from my friends who use it.
Facebook has been collecting call history and SMS data from Andr..
you guys laugh but I just lost 40$ on my 1 share of FB
Even ignoring the fact that they have several billion users (meaning that a significant percentage of the world is affected by this), what they do affects more than just Facebook users. Cambridge Analytica took data obtained from Facebook about its users and did in-depth statistical analysis to correlate it with data from other sources. The analysis was performed on entire demographics of users, not just individuals. Since user tracking is so common on today's internet, such techniques allow Cambridge Analytica and similar companies to use that data to profile people who have never even touched Facebook.
Zuckerberg and his company's actions have compromised everybody. You should be concerned about this
Then get the myth of anonymity on the internet out of your head because it's impossible, that's not Facebook's fault
He bought? Dump it.
https://files.facepunch.com/forum/upload/211198/db097cdf-73d8-4cfd-9f2d-295790714736/1532630790944.jpg
I thought it'd be bad? I was wondering why my dad was freaking about Facebook losing stock.
That's not why people are upset
They're upset at the general concept that they can't not be tracked
They're upset they can't opt out
That's reasonable, and it's unfortunate our world isn't accommodating that.
Facebook, and other social media sites, essentially gain revenue through invasive means only because no one wants to pay for a service and as such any attempt to completely centralize this is fucking doomed.
Myspace suffered the same space. Reddit barely floats. Facebook exploded only for things to blow up in their face and youtube has never made a dime. Their entire economic value is based on perceived value of advertising effectiveness and user engagement.
I don't think you get it, at all.
Do you mind if I install a few thousand camera outside your house, work, and the immediate 100 sq mile radius of you so I can tell others when you most often take a piss for money?
I'm also going to buy the roads you drive on so you can't pass them without me knowing.
Doesn't the UK do that already?
I don't think anything more than anecdotal evidence has ever come up to support that. I haven't seen any engineers confirming whether or not the microphone has been accessed or any network traffic suggesting it either, just random guys talking into their phone about cat litter
That was the in real life analogy for Facebook monitoring your Facebook messages and your calls and texts retrieved from your friends phones if they have any of the Facebook apps installed.
But that's okay, let's keep it blindly defending Facebook even though we're wrong.
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