Global  Video

“The world's speediest news portal”
One News Page
> >

Facebook Is Facing the Music Over Privacy – After Losing Another $37 Billion

One News Page Staff Wednesday, 21 March 2018
Facebook Is Facing the Music Over Privacy – After Losing Another $37 Billionby

Up until recent times, Mark Zuckerberg’s ground-breaking social network – Facebook – has remained King and Queen of internet socializing. It’s only in recent years that it has faced evolving competition in the likes of Snapchat (which has thus far avoided agreeing to a buy-out from the Big F, let alone anyone else) – and in those years, while Twitter has also struggled to build on user growth, Facebook has continued to unnerve some in terms of just how careful it is with user data. Several reports from over the years will detail that it’s hardly the first time that we’ve started talking about what Facebook intends to do with all its users’ personal details (especially as it has continued to ask more and more from its users) – but thanks to a recent scandal surrounding the political consultancy Cambridge Analytica, it seems that privacy concerns have once again had a knock-on effect for the power of Zuckerberg’s brand – particularly as it has lost them further value after a significant slice earlier this year.

Facebook Knows an Unsettling Number of Details About You
Watch: Facebook Knows an Unsettling Number of Details About You

The scandal, in short, surrounds allegations regarding how Cambridge Analytica obtained and used user data to help support Donald Trump’s US Election campaign. Yes – again – the Trump campaign is being brought into sharp focus, and this time, it seems that a number of big heads could be on the block. Accusations currently levelled at Facebook revolve around how the social network was able to – and whether or not it actually did – offer personal data, without consent, to the consultancy in question. Cambridge Analytica are denying any and all wrongdoing despite ongoing reports and investigations being mounted – and despite Facebook having suspended the firm’s access in recent days, the network’s worth has plummeted by around $37 billion, with figures at the time of reporting and writing weighing in at $172.56 per share.

Cambridge Analytica CEO brags about Trump campaign
Watch: Cambridge Analytica CEO brags about Trump campaign

The scandal is perhaps the biggest to face Facebook head-on for some time, certainly with regard to privacy – and with studies in recent times advising that use of the network could impact upon your sense of self-worth and positivity – as well as a growing shift in younger internet users moving towards IM platforms – we could be witnessing the network taking a corner it never wanted to take. Will Facebook survive 2018? Probably – but will this series of events mean that some of its most ardent users jump ship?

Mark Zuckerberg Is Silent Amid Facebook's Privacy Scandal
Watch: Mark Zuckerberg Is Silent Amid Facebook's Privacy Scandal

10
shares
Share on
Facebook
Share on
Twitter
Post on 
Reddit
Share by
Email
 
Source: Reuters - 3D Animations (Next Me - < > Embed
News video: Facebook facing backlash over Cambridge Analytica data misuse

▶ Facebook facing backlash over Cambridge Analytica data misuse 00:55

Facebook is facing calls for regulation from congress after reports a political consultant gained inappropriate access to 50 million users' data beginning in 2014.

You Might Like


Recent related news

Is Your Android Phone Missing Important Security Updates? The Manufacturer May Have Skipped Them

Is Your Android Phone Missing Important Security Updates? The Manufacturer May Have Skipped Them
by Graham Pierrepoint - It’s hardly been the best of months for technology and new media, and with Facebook at front and center of a battle surrounding...
One News Page Staff - Technology

Facebook sneakily shifts data of 1.5 billion users away from Europe and GDPR

Following the Cambridge Analytica scandal, the spotlight of privacy has been firmly on Facebook. The social network has made numerous promises about offering...
betanews - TechnologyAlso reported by •Futurismengadget

The pro-privacy backlash against Facebook might actually make it even stronger (FB)

The pro-privacy backlash against Facebook might actually make it even stronger (FB)
· *Pro-privacy regulations could have an unintended consequence: reinforcing Facebook's dominance.* · *New rules taking effect next month in Europe and ones...
Business Insider - Technology

The cryptocurrency linking Cambridge Analytica and Macau’s most notorious gangster

Finance chiefs in Hong Kong and Macau were on Wednesday facing fresh pressure to act after it emerged that the firm at the centre of the Facebook data privacy...
S.China Morning Post - Asia-Pacific

Facebook's facial recognition features could cost it billions of dollars

If you thought Facebook was already having a bad couple weeks, a federal judge just reminded us that things could get a whole lot worse for the company. A...
Mashable - InternetAlso reported by •Deutsche Welle

CWG 2018: Saina Nehwal exploited PV Sindhu's vulnerability over counter-attack, says ex-coach Vimal Kumar

PV Sindhu appears "vulnerable" on counter-attack and that is a big factor in her losing many a title clashes, including recent CWG final, observed former India...
DNA - Front Page

Alfie Evans's parents set for another legal fight over life support

Tom Evans, 21, and Kate James, 20, have made another application to the Supreme Court after losing a second fight
Tamworth Herald - UK

After BJP, Congress faces music over Kathua incident

In another video, GA Mir said politics is being played in the arrests too
DNA - India


Tweets about this

the_music_freak

Jessica Wyrick RT @BuzzFeedNews: Mark Zuckerberg is testifying before the Senate about Facebook after years of facing criticism over privacy concerns Fo… 6 days ago


Other recent news in Internet

GOOGLE’s new podcast ‘app’ is already on your Android phoneFACEBOOK finally reveals how it decides to delete posts
To hell with aging: Watch this YOUTUBE video about a dragonWINDOWS PHONE is dead (for realsies) as Microsoft discontinues Skype and Yammer apps
Save a whopping $60 on a charging pad that can handle your iPhone and APPLE WATCH at the same timeScam Alert: Fake MetaMask App on GOOGLE PLAY is stealing users’ ETH

Recent related videos

News video: New Demands on Tech Execs Facing Public Scrutiny

▶ New Demands on Tech Execs Facing Public Scrutiny 02:01

The leaders of major tech firms are facing greater public scrutiny over everything from privacy issues to workplace culture. This puts the executives in unfamiliar situations where they must show both..
Source: Cheddar Inc. -

News video: Nikita Kucherov leads way as Tampa Bay Lightning take 3-1 series lead over New Jersey Devils

▶ Nikita Kucherov leads way as Tampa Bay Lightning take 3-1 series lead over New Jersey Devils 02:46

Angry after losing a playoff game, Nikita Kucherov and the Tampa Bay Lightning took out their ire on the New Jersey Devils. Not only did the Lightning defeat New Jersey 3-1 on Wednesday to move within..
Source: Rumble -

News video: Facebook Faces Class Action Lawsuit Over Facial Recognition In Illinois

▶ Facebook Faces Class Action Lawsuit Over Facial Recognition In Illinois 00:47

According to a report by Geek.com, Facebook is facing a class action lawsuit over its use of facial recognition technology. On Monday, a California judge gave the green light to a three year-old case..
Source: Wochit News -

News video: Facebook Faces a Lawsuit Over Face-Tagging in Photos

▶ Facebook Faces a Lawsuit Over Face-Tagging in Photos 01:00

The last thing FB needs is another privacy headache.
Source: Fortune -

News video: Kat Sullivan Put Up Billboards To Get Justice For Her Sexual Abuse

▶ Kat Sullivan Put Up Billboards To Get Justice For Her Sexual Abuse 04:32

Kat Sullivan put up 3 billboards to stop sexual abuse and call out her alleged rapist. Sullivan was 17 years old in 1998 when she transferred to the Emma Willard boarding school. She says she became..
Source: NowThis News -

News video: Sir Cliff Richard thanks supporters after leaving court

▶ Sir Cliff Richard thanks supporters after leaving court 01:04

Sir Cliff Richard returned to court today, as his battle against the BBC over its coverage of a police raid on his home concluded its third day. The 77-year-old singer claims footage of the raid,..
Source: ODN -

News video: John Cena and Nikki Bella Call Off Engagement

▶ John Cena and Nikki Bella Call Off Engagement 00:59

John Cena and Nikki Bella Call Off Engagement The WWE stars, who got engaged last April, are breaking up after six years together. Cena and Bella revealed the news to Us Weekly, asking for privacy at..
Source: Wibbitz Studio -

News video: Labour says Windrush generation treatment “unacceptable”

▶ Labour says Windrush generation treatment “unacceptable” 01:25

The Shadow Attorney General Baroness Chakrabarti has urged the government take action after the “unacceptable” treatment of the ‘Windrush generation’. A cross-party group of 140 MPs has written..
Source: ODN -

•More original news reports from One News Page
Environmentally friendly: One News Page is hosted on servers powered solely by renewable energy
© 2018 One News Page Ltd. All Rights Reserved.  |  About us  |  Disclaimer  |  Press Room  |  Terms & Conditions  |  Privacy Policy  |  Content Accreditation
 RSS  |  News for my Website  |  Free news search widget  |  Help  |  Contact us  |  DMCA / Content Removal
How are we doing? Send us your feedback  |   LIKE us on Facebook   FOLLOW us on Twitter   FIND us on Google+