Facebook Under Pressure as EU, US Urge Probes of Data Practices (reuters.com)
Facebook CEO Mark Zuckerberg faced calls on Monday from U.S. and European lawmakers to explain how a consultancy that worked on President Donald Trump's election campaign gained access to data on 50 million Facebook users. From a report: Facebook's shares fell more than 7 percent, wiping around $40 billion off its market value, set for their biggest drop since September 2012, as investors worried that new legislation could damage the company's lucrative advertising business. "The lid is being opened on the black box of Facebook's data practices, and the picture is not pretty," said Frank Pasquale, a University of Maryland law professor who has written about Silicon Valley's use of data. Lawmakers in the United States, Britain and Europe have called for investigations into media reports that political analytics firm Cambridge Analytica had harvested the private data on more than 50 million Facebook users to support Trump's 2016 presidential election campaign. Further reading: An undercover investigation by Channel 4 News reveals how Cambridge Analytica secretly campaigns in elections across the world. Bosses were filmed talking about using bribes, ex-spies, fake IDs and sex workers.
What did anyone think Facebook was ? Its a MASSIVE data gathering/mining platform that will sell that information to whom ever offers them enough money.
Zuck and crew are not only selling you, they are smugly doing so. Condescendingly so.
None of this would even matter if Donald Trump wasn't so eager to collude with Russia's hacking and information warfare.
A little more loyalty, and alot less treason would go a long way to combatting Russia's attack on our country.
The republican party has made helping Donald Trump get away with treason its top priority.
or is it "LOVE"?
This was done by one application builder. Imagine the raw political power Facebook itself has.
And everyone thought they just sold ad space.
Oh, I see, It's in the UK.
Because (American that I am) I can think of dozens of Channel 4s, most of them having a news broadcast.
Good, about time. Hope this is the beginning of a massive tech-stock purge, a la 2000. I'm NOT saying all tech is bad. But I'm sick and tired of seeing companies whose business model involves privacy theft prospering. Whether it's Facebook, which tracks activities OUTSIDE their website, Google, which aims to hoover up as much personal data as possible (MS is about the same with Nadella in charge), or even Uber, which wants to monopolize short-distance transportation, with every trip being tied to an identified person. Let the purge begin.
Most people won't know or care about this "data breach", which it is not. I don't understand why all these so called pundits always make a bold claim about the lid being blown off this, and user confidence that...By next week, we will all be talking about something else
This just came across the transom. Apparently, Cambridge Analytica was doing more than just data mining for the Trump campaign.
https://boingboing.net/2018/03...
https://www.channel4.com/news/...
You are welcome on my lawn.
From the Channel 4 link.
When the Obama campaign does it, it's a great victory with friends, but when Trump's campaign does it, it's a crime. Have you ever looked in the mirror and saw a dirty racist? You should try mirrors.
Brexit & Trump could be tied together here; there's long been speculation that Putin is behind both but it still seemed a bit far-fetched. Now I'm not so sure.
Perhaps the nerve gas attack on a retired and otherwise fairly harmless Russian traitor living quietly in England is part of a diversionary move to take the heat off the Donald. Putin appears to be going to great lengths to have the finger of blame pointed at him, while at the same time brazenly denying it.