Facebook data scandal fails to dent revenue from advertising

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Sen. Richard Blumenthal, D-Conn., and other lawmakers tried to get Zuckerberg to change the rules of engagement between Facebook and its users. Zuckerberg's success is a win for anyone primarily concerned with the company's market value. Apologizing is perhaps one of their true company values. Many users of the website are already frustrated by the amount of ads that they have to deal with on a regular basis.

Collect and act on NPS-powered customer feedback in real time to deliver unbelievable customer experiences at every brand touchpoint.

That's an overstatement. Most basic information, like my birthday, could not be deleted.

Amid a revamp following the breakout of the data breach scandal involving Cambridge Analytica and Facebook, the social media giant announced a facelift for its "Bookmarks" section to facilitate easy access and navigation of settings.

Are we wrong to expect privacy? The data obtained by Kogan was then sold to Cambridge Analytic. App developers no longer get access to that data. In coordination with other technology companies, those efforts would only be more likely to succeed.

Facebook's insatiable appetite for your personal information is understandable, because that's how it makes money - to the tune of $40 billion in advertising revenue annually.

"To me the regulation that really solves a lot of this is the GDPR", said Mr Cole.

All the time we (as users) waste on the site isn't an accident.

But it was also Graham who asked one of the most important questions of the five hours' worth of grilling that was set to continue in the U.S. House on Wednesday - whether Facebook is a monopoly.

Zuckerberg was transparent on this point as well. They came out for round two like neophyte pugilists, wild and below-the-belt punches flying around, forcing the champion to duck and dive because as long as he stayed on his feet he stood a chance of knocking them out with a simple left hook, which he really did not want to deliver because it was a David and Goliath struggle. [Based mostly on demographic criteria].

Facebook's proactive information gathering forms have been under investigation in earlier years, particularly as specialists and writers have dove into the workings of Facebook's "Download Your Information" and "Individuals You May Know" devices to give an account of shadow profiles.

Zuckerberg claimed that such behavior is consented to by users. Facebook's five founding principles, first articulated in a letter accompanying their initial SEC filing, are not only to "Move Fast" and "Be Bold", but also to "Focus on Impact,"Be Open,"and "Build Social Value". I have that responsibility, just like Facebook'". Does that mean make a positive impact on the world or make a positive impact on Facebook's bottom line?

European Data Protection Supervisor Giovanni Buttarelli, for example, has suggested Facebook views its users as "experimental rats". This is positive awareness. The data analytics firm reportedly harvested data of over 80 million Facebook users, which allegedly was used to help President Donald Trump's election campaign in 2016.

By the time the question was framed and Zuckerberg's response was given, it was too late to follow up and try to pin Zuckerberg down, the congressman said. Your company has no core values if behavior is not aligned. And, I would guess that for all the perceived slowness and outright denials he has been assiduously trying to manage all the flack around Facebook.

Facebook employees, including executives, should meet with a broad range of Facebook users. And same goes for the teenagers.

As Nick Bilton put it, "from a business standpoint, Facebook's barbarism seemed to work out well for the company". Values "are not free", Zuckerberg says. But it basically serves the same function, he said, adding he had just done this in recent weeks for a client. But who is actually suffering, Facebook or its users? But what about all the potential harm Facebook's AI might create?

But the questioning from members of Congress, most of whom are old enough to be the 33-year-old Zuckerberg's grandparents, was excruciating to watch. To the extent that Facebook is only a platform, it can be easily replaced by others. Zuckerberg answered with "Senator, there has not".

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