Facebook in the crosshairs again.

JonesBones

JonesBones

Excuse my contraflow
@Steel
Joined
Sep 28, 2011
Messages
28,400
Reaction score
0
I think this could be the beginning of the end. This is the last straw for people.

(LONDON) — Lawmakers on both sides of the Atlantic criticized Facebook and its chief executive, Mark Zuckerberg, after reports surfaced that another company, Cambridge Analytica, improperly harvested information from 50 million Facebook users.


http://time.com/5204920/facebook-mark-zuckerberg-cambridge-analytica/

basically we got everything from state attorney generals to English MPs outrated and wanting an investigation. What is Facebook's business? Information. Now they are gonna pay for all that information they took. Stock is through the floor. lol

another article

It’s becoming increasingly clear that Facebook has never faced a scandal like the one it’s currently fighting through. Revelations over the weekend about its reckless sharing of user data sent its stock price plunging on Monday, and fresh calls for regulations on the social media network are looking more real than ever.

In the last few days, multipleoutlets broke various facets of the story: Facebook has known since 2015 that Cambridge Analytica, a data-mining company hired by President Trump’s election campaign, improperly obtained the personal data of 50 million of the network’s users—and the social giant failed to do much of anything about it

British Prime Minister Theresa May released a statement on Monday expressing her concerns about the story, and British Parliament member Damian Collins went further, saying, “Someone has to take responsibility for this. It’s time for Mark Zuckerberg to stop hiding behind his Facebook page.”

https://gizmodo.com/this-time-facebook-really-might-be-fucked-1823885655
 
Was listening to this subject on the radio this morning. Facebook basically made them promise in writing that they wouldn't do anything with the information, I think. At best, Facebook can sue them out of business. It's reprehensible that Facebook didn't go public with this and refer it to the FBI. Don't forget that the villain in this is still Cambridge Analytica.
 
The EU is always kicking Google and Facebook in the teeth.
Es normal.
 
JonesBones said:
I think this could be the beginning of the end. This is the last straw for people.

(LONDON) — Lawmakers on both sides of the Atlantic criticized Facebook and its chief executive, Mark Zuckerberg, after reports surfaced that another company, Cambridge Analytica, improperly harvested information from 50 million Facebook users.


http://time.com/5204920/facebook-mark-zuckerberg-cambridge-analytica/

basically we got everything from state attorney generals to English MPs outrated and wanting an investigation. What is Facebook's business? Information. Now they are gonna pay for all that information they took. Stock is through the floor. lol

another article

It’s becoming increasingly clear that Facebook has never faced a scandal like the one it’s currently fighting through. Revelations over the weekend about its reckless sharing of user data sent its stock price plunging on Monday, and fresh calls for regulations on the social media network are looking more real than ever.

In the last few days, multipleoutlets broke various facets of the story: Facebook has known since 2015 that Cambridge Analytica, a data-mining company hired by President Trump’s election campaign, improperly obtained the personal data of 50 million of the network’s users—and the social giant failed to do much of anything about it

British Prime Minister Theresa May released a statement on Monday expressing her concerns about the story, and British Parliament member Damian Collins went further, saying, “Someone has to take responsibility for this. It’s time for Mark Zuckerberg to stop hiding behind his Facebook page.”

https://gizmodo.com/this-time-facebook-really-might-be-fucked-1823885655
Click to expand...
Facebook is nothing but another tool in the demise of society.
 
In any other presidency this would be a huge story ...
 
they can't JUST stop at being a monopoly and gathering information haha
 
JonesBones said:
I think this could be the beginning of the end. This is the last straw for people.

(LONDON) — Lawmakers on both sides of the Atlantic criticized Facebook and its chief executive, Mark Zuckerberg, after reports surfaced that another company, Cambridge Analytica, improperly harvested information from 50 million Facebook users.


http://time.com/5204920/facebook-mark-zuckerberg-cambridge-analytica/

basically we got everything from state attorney generals to English MPs outrated and wanting an investigation. What is Facebook's business? Information. Now they are gonna pay for all that information they took. Stock is through the floor. lol

another article

It’s becoming increasingly clear that Facebook has never faced a scandal like the one it’s currently fighting through. Revelations over the weekend about its reckless sharing of user data sent its stock price plunging on Monday, and fresh calls for regulations on the social media network are looking more real than ever.

In the last few days, multipleoutlets broke various facets of the story: Facebook has known since 2015 that Cambridge Analytica, a data-mining company hired by President Trump’s election campaign, improperly obtained the personal data of 50 million of the network’s users—and the social giant failed to do much of anything about it

British Prime Minister Theresa May released a statement on Monday expressing her concerns about the story, and British Parliament member Damian Collins went further, saying, “Someone has to take responsibility for this. It’s time for Mark Zuckerberg to stop hiding behind his Facebook page.”

https://gizmodo.com/this-time-facebook-really-might-be-fucked-1823885655
Click to expand...

Dont worry, im sure there are a few people in America, China, Russia, India, Japan, and South America that will keep facebook afloat
 
jefferz said:
The EU is always kicking Google and Facebook in the teeth.
Es normal.
Click to expand...
Murican corporates literally slaving whole humanity's virtual identities is fucking underrated issue.

Should be somewhere with climate change and oil running out. From our smartphones, to our email, to google search engine to social media. Each and every single step, interaction is just being recorded as statistic to be sold to advertisers. Gruesome.
 
Bestonian said:
Murican corporates literally slaving whole humanity's virtual identities is fucking underrated issue.

Should be somewhere with climate change and oil running out. From our smartphones, to our email, to google search engine to social media. Each and every single step, interaction is just being recorded as statistic to be sold to advertisers. Gruesome.
Click to expand...
This is far more nefarious than selling info to advertisers
 
Facebook and Google are untouchable in a democratic society. Only a state like China or Gulf states have authoritarian ability to stop them. A open society will always allow Google etc to run it with help of government
 
DynamicLoosener said:
Dont worry, im sure there are a few people in America, China, Russia, India, Japan, and South America that will keep facebook afloat
Click to expand...

No. First of all, they arent even allowed in China. China has Weibo, which was up today and I own, Renren, etc. Wechat. Tencent. What China basically does is invite Facebook, Google etc to the country. Have them show them how to set it up and then kick them out of the country and steal it. Make their own version. lol.
 
Last edited:
Fawlty said:
Was listening to this subject on the radio this morning. Facebook basically made them promise in writing that they wouldn't do anything with the information, I think. At best, Facebook can sue them out of business. It's reprehensible that Facebook didn't go public with this and refer it to the FBI. Don't forget that the villain in this is still Cambridge Analytica.
Click to expand...

Well if what FB did is reprehensible they can be villains too. It isn't mutually exclusive.

And it isnt the first time. Or even the second. Obama was warning Zuck back in those days too. This has to be at least 3 strikes.

Facebook could face trillions in fines. That most likely won't happen but something will.

Yeah, that’s “trillions” with a “T.” Former Federal Trade Commission officials said if Facebook is found to have violated the FTC consent decree, the company could be fined $40,000 per violation, reports the Washington Post. In this case, each 1 of the 50 million users whose data was shared with Cambridge Analytica could be considered one violation, meaning Facebook could–theoretically–be hit with a $2 trillion fine. The FTC officials who spoke with the Post said a trillion-dollar fine is unlikely, but Facebook could still see a fine running into the millions.

https://www.fastcompany.com/4054611...in-ftc-fines-over-cambridge-analytica-debacle
 
wonderbread said:
Facebook is nothing but another tool in the demise of society.
Click to expand...

You sound unssocial. Same types who say women having sex outside marriage ruin society. Not knowing we did that for millions years.
 
Prime Rib said:
Reading about the DOW dip today Facebook was the first company that was brought up.

Good luck.
Click to expand...

i'm predominantly an ETF index investor, so i'll continue buying Nasdaq ETF and take advantage of dollar cost averaging
 
You must log in or register to reply here.

Latest posts

Forum statistics

Threads
1,254,413
Messages
56,645,493
Members
175,331
Latest member
psykro

Share this page

Back
Top