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Facebook facilitating immoral acts means time for consumers to wake up

Tuesday 20 March 2018 | 12:58 CET | Author: Tim Poulus | Market Commentary
Facebook's share price has fallen nearly 7 percent on the news of its user data being co-opted by Cambridge Analytica to influence elections. There are problems at multiple levels, and the question is whether any of it is illegal. Facebook has been careless by letting an app gain access not only to user data but also data on their 'friends' on the social network. Cambridge Analytica appears an immoral (but not illegal) business that influences elections. Facebook has questioned only the illegal retention of the data. The lesson is two-fold: don't forget Facebook exists in order to monetise

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Categories: Internet
Companies: Facebook
Countries: World
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