United States  

Celebrating 10 Years of Trusted News Discovery
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 👨‍💻 Graham Pierrepoint

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

0
shares
ShareTweetSavePostSend
 
Credit: Reuters - 3D Animations (Next Me - Published < > 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 videos from verified sources

Louis Tomlinson kicked out of a Newcastle hotel [Video]Louis Tomlinson kicked out of a Newcastle hotel 00:56

Please watch: "Louis Tomlinson on Solo Music, Freddie and Life after One Direction " https://www.youtube.com/watch?v=undefined -~-~~-~~~-~~-~- Louis Tomlinson was kicked out of a hotel at 4am..

Credit: heatworld - Published

Subscribe to Heat & Heatworld [Video]Subscribe to Heat & Heatworld 01:11

Please watch: "Louis Tomlinson on Solo Music, Freddie and Life after One Direction " https://www.youtube.com/watch?v=undefined -~-~~-~~~-~~-~- Subscribe to Heat & Heatworld SUBSCRIBE HERE:..

Credit: heatworld - Published

Vicky Pattison Behind the Scenes of a busy shoot - Heat Exclusive Access [Video]Vicky Pattison Behind the Scenes of a busy shoot - Heat Exclusive Access 03:13

Please watch: "Louis Tomlinson on Solo Music, Freddie and Life after One Direction " https://www.youtube.com/watch?v=undefined -~-~~-~~~-~~-~- Vicky Pattison Behind the Scenes of a busy shoot -..

Credit: heatworld - Published

North East Live Celebrity Headcam - Heat Exclusive Access [Video]North East Live Celebrity Headcam - Heat Exclusive Access 04:47

Please watch: "Louis Tomlinson on Solo Music, Freddie and Life after One Direction " https://www.youtube.com/watch?v=undefined -~-~~-~~~-~~-~- North East Live Headcam - Heat Exclusive..

Credit: heatworld - Published

Union J Headcam of the week - Heat Exclusive Access [Video]Union J Headcam of the week - Heat Exclusive Access 04:13

Please watch: "Louis Tomlinson on Solo Music, Freddie and Life after One Direction " https://www.youtube.com/watch?v=undefined -~-~~-~~~-~~-~- Union J Headcam of the week - Heat Exclusive..

Credit: heatworld - Published

Gabrielle Aplin Welly of Truth V Festival [Video]Gabrielle Aplin Welly of Truth V Festival 03:22

Please watch: "Louis Tomlinson on Solo Music, Freddie and Life after One Direction " https://www.youtube.com/watch?v=undefined -~-~~-~~~-~~-~- Striking fear into the hearts of celebrities..

Credit: heatworld - Published

Lucie Cave Explains Heat Extra [Video]Lucie Cave Explains Heat Extra 01:46

Please watch: "Louis Tomlinson on Solo Music, Freddie and Life after One Direction " https://www.youtube.com/watch?v=undefined -~-~~-~~~-~~-~- Lucie Cave explains heat extra and how it will make..

Credit: heatworld - Published

Mark Zuckerberg Lost Over $20 Billion In 2018 [Video]Mark Zuckerberg Lost Over $20 Billion In 2018 00:34

Facebook CEO Mark Zuckerberg began the year with about $75 billion, but according to Business Insider he is now worth about $53 billion as of December 30. Bloomberg adds that this means he will lose..

Credit: Wochit - Published

Facebook Plunges Amid Another Privacy Scandal [Video]Facebook Plunges Amid Another Privacy Scandal 00:34

Business Insider reports that Facebook shares fell about 6.8%, wiping out $22 billion of market value. The fall comes after Wednesday's announcement that Washington D.C. was suing Facebook over the..

Credit: Wochit - Published


Recent related news from verified sources

Tinder and Grindr are being questioned about age verification after a report on child abuse

Tinder and Grindr are being questioned about age verification after a report on child abuse
Tinder and Grindr are facing new scrutiny over their age verification practices after a report found several examples of children being abused after signing up...
The Verge - Technology

The 4 most valuable companies in the world are increasingly clashing as their growing ambitions bump into one another

The 4 most valuable companies in the world are increasingly clashing as their growing ambitions bump into one another
· Apple briefly blocked Facebook and Google employees from accessing internal iOS apps last week after they were found violating developer policies. · This...
Business Insider - Technology

How to mute spoilers on Twitter and Facebook

How to mute spoilers on Twitter and Facebook
Welcome to TNW Basics, a collection of tips, tricks, guides, and advice on how to get the most out of your gadgets, apps, and other stuff. Spoilers have become...
The Next Web - Internet

Google and Facebook’s Complete and Total Digital Ad Domination Explained in 1 Chart

The digital advertising world is still dominated by two companies: Google and Facebook. That much is clear after both tech giants reported fourth quarter...
The Wrap - US


Tweets about this


Other recent news in Internet

Childish Gambino's 'This is America' wins Record of the Year at 2019 GRAMMYSThis moment from LADY GAGA's Grammys performance has become a glorious meme
GOOGLE MAPS’ AR navigation feature could solve the app’s biggest little problemBest 4K TV deals this week: LG, SAMSUNG, RCA, Sony, and more smart TVs on sale
•More original news reports from One News Page
Environmentally friendly: One News Page is hosted on servers powered solely by renewable energy
© 2019 One News Page Ltd. All Rights Reserved.
About us  |  Contact us  |  Disclaimer  |  Press Room  |  Terms & Conditions  |  Content Accreditation
 RSS  |  News for my Website  |  Free news search widget  |  Contact us  |  DMCA / Content Removal  |  Privacy & Data Protection Policy
How are we doing? Send us your feedback  |   LIKE us on Facebook   FOLLOW us on Twitter  •  FOLLOW us on Pinterest