...and it couldn't happen to a better company.
Source
This week, we are seeing things come out that many suspected about Facebook and now are being substantiated. It is a situation that keeps on growing, a fact that might get the wrong ones looking, at least from the company's standpoint.
We all know about the outage that took place the other day. While the company maintains that it was an internal error, many believe there was a hack that took place. If this is true, that means a hacker took down one of the most powerful digital organizations in the world. The fact that things were out for 6 hours means it is likely more than some type of internal glitch.
Whistleblower Fight
Another issue that arose for the company is Frances Haugen, who testified in front of Congress. One of the biggest revelations is how Facebook hid its data about how their platforms impact children, especially young girls.
This was a revelation that got Senator Edward Mackey calling her “a 21st-century American hero”. Here is a position one does not really want to be against as a company.
Of course, that did not stop Facebook from trying to smear the whistleblower. They pulled out the standard playbook, without much result. It is a common tactic, one used without success by Big Tobacco.
Like Wigand, Haugen has receipts: internal documents and data from Facebook’s own researchers, all of which make for serious and supported claims about the platform’s harms and choices the company made to maximize profit and engagement in ways that would increase those harms. It is possible to contend with her allegations on the merits, but Facebook is too immoral for that — and Zuckerberg has decided he is above it, instead going on vacation.
It seems he is not too worried. In a situation like this, acknowledging the whistleblower can only provide validity to what is being said. Hence, best to ignore this while issuing official statements demeaning her.
There is one problem. This was substantiated by someone above her.
Source
Who is this guy? Only her boss' boss.
User Data For Sale
Then there is the issue of 1.5 billion users data for sale online.
Facebook was always known to be loosy'goosy with people's data. In fact, there might not be a mega-tech company that is worse at securing people's data than Facebook. Nevertheless, that never stopped the company from continue to mine all it can.
Now we find out that the data of 1.5 billion users is for sale on a hacker forum. It is important to note this is not part of a breach. Instead, it is the compiling of what can be found online.
Reported by privacy research company Privacy Affairs, the data found for sale doesn't indicate that the seller actually broke into Facebook's systems, nor that its data tied to any other data breach. Instead, Privacy Affairs said that the data was allegedly obtained by scraping publicly available data shared by Facebook users.
This should not make anyone feel any better. There is still personal information for sale that is only available because of the way Facebook operates.
Privacy Affairs said the data they examined from samples provided on the forums appears to be legitimate. The seller claims their group has been in operation for at least the past four years and has served more than 18,000 clients in that time. Cross-checking the data against known Facebook leaks didn't bring up any matches, which Privacy Affairs said could indicate that this is all new, but legitimate, data.
The data exposed in this leak, if authentic, "may constitute one of the biggest and most significant Facebook data dumps to date," Privacy Affairs founder and CEO Miklos Zoltan said.
Taken in isolation, this might not be the worst thing in the world. After all, most are aware that Facebook is one of the biggest data whores going. They will sell it to anyone and, evidently, post a great deal out there for people to see.
When we add this on top of the other events for the week, it is just a mounting pile for them to try to dig out from under.
Loss Of Reputation
For many, the idea of holding Facebook in any esteem seems absurd. However, billions of people around the world willingly use their applications.
We might be seeing the winds change a bit. The company is now facing a hit to their reputation. This is something that was mounting and a tone deaf company tends not to do well in the long run. Many lost touch, believing they were above reproach. While this could be the case with regulators and political members, markets as well as users have a way of altering that pattern themselves.
It is no secret that Zuckerberg is out of touch with reality. He was, according to reports, always social inept and has run the company from that perspective. This means that it all starts with him, especially since he is the majority shareholder.
Ultimately, he could be blinded by his own obtuseness. For now, it appears that Facebook is taking a hit to its reputation that it might not be able to recover from. Many companies faced public rejection once a freefall like this started.
There is no doubt that Facebook is a behemoth. They are an entity that, like most mega tech companies, can simply keep growing, almost on autopilot. Of course, events like these could derail a company quickly. If nothing else, it does open the door for other players to try and step through.
Then to top things off, there appears to be some confusion about Facebook's status with its work from home situation.
https://www.techradar.com/uk/news/facebook-ends-wfh-forever-rule-after-mega-outage
We all hope Zuckerberg is having a restful vacation.
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Who needs Facebook when you've got Hive?
I have not use Facebook years... and I not going to use it also in nexy 30 years too 🤗👌👌👌👌🍷 ... and I was stop use also Twitter 2 years back too and it feels good. .
The only reason to go on them, in my opinion, is to try and bring people to Web 3.0. Outside of that, they serve no purpose.
Once we have viable alternatives, then we can really have a go after their user bases.
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True :)
I like the sentiment but, truthfully, Hive does not have much offering in the social media realm right now. It is mostly blogging in that arena (gaming is starting to take off).
We need SpkNetwork and #ProjectBlank to roll out. Then we will be at another level.
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Is SpkNetwork and ProjectBlank going to be Twitter like? I really like Twitter and I spend too much time there. The trolling is glorious!
SEC been too busy focusing on Crypto that for years they let Facebook and other social media platforms get away with significant harm, profiteering and dodgy business practices like establishing HQ in Ireland to avoid paying tax.
They're literally stealing user data and profiting off people. That money generated should be paid to those people. They are providing a service worth Billions to Zuck and get nothing in return.
More reasons why they should all come here. No crappy algorithms or data mining.
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That is not under the SEC and, besides, it isnt illegal according to US law.
No they arent. People are freely giving it to them. They opt to log onto Facebook and Twitter.
Why should they have to pay them? When people sign on voluntarily, and the company profits, why should they give that back to the users?
I agree with this. I choose to spend my time here and not to enrich the likes of Zuckerberg.
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Where the counter points raised are true not everyone can understand the legalities set out in the terms and conditions. In regards to why should they have to spend tax there. The question should be, why don't you have the option to stop paying tax where you are and shift to a tax evasive nation. If you can't do it, why should business?
they are too busy looking for bad crypto loopholes, that they forget that non-blockchain-based social media is really very vulnerable
Only vulnerable if we build something that will take it down.
So far, we are still lagging in the development department.
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Well I would like more transparency in Facebook but it seems like Congress is trying to decide the answer to a different question: more censorship or not? Either way I don't think it looks good for us and Zuckerberg is a really slimy person. The way he refuses to give an answer when he is questioned by Congress and under oath.
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I really dont think those in Congress really have a clue what is going on. They seem to spend more time grandstanding than anything else.
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Of course they grandstand. Once an issue is solved, they cant use that issue again to score points for their voters.
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although it was rough for mark Zuckerberg but manage to cover the issue. he is a real genius,he knows when to stay low key and when to pull the trigger.
Time will tell how well this issue is covered. True he didnt add fuel to the fire but it is far from being resolved.
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Sorry, out of BEER, please retry later...
Their users however still feel like sharing every damn personal detail with the company. Ditched the blue pill over four years ago and don't plan on ever getting back to it.
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I agree people will eventually wake up. It just depends upon what generation.
The Boomers are not savoy enough in this arena. Is Gen X? Some are, many are not. Millennials? That is probable the level it starts at.
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