Facebook Will No Longer Allow Third-Party Data For Targeting Ads (techcrunch.com)
An anonymous reader quotes a report from TechCrunch: In a surprise change, Facebook will give up one major data source that the company uses to help advertisers target relevant users on the platform. The company just announced that it will end a feature called Partner Categories, launched back in 2013 out of a partnership between Facebook and major data brokers. Third party data helps Facebook further atomize its user base into meaningful segments for advertisers.
Facebook confirmed to TechCrunch that the change is permanent, not a temporary precaution. In order to leverage the deep pool of data Facebook collects on users, the company mixes information that it obtains from users themselves (Pages a user liked, for instance) with information from advertisers (membership status in a loyalty program, for example) and with data obtained from third party providers. While Facebook feels comfortable with the integrity of its data sourcing within the first two categories, it feels less settled about dipping into these aggregate pools of third party data. The decision was issued in light of the company's recent privacy concerns over third-party data mishandling.
Facebook confirmed to TechCrunch that the change is permanent, not a temporary precaution. In order to leverage the deep pool of data Facebook collects on users, the company mixes information that it obtains from users themselves (Pages a user liked, for instance) with information from advertisers (membership status in a loyalty program, for example) and with data obtained from third party providers. While Facebook feels comfortable with the integrity of its data sourcing within the first two categories, it feels less settled about dipping into these aggregate pools of third party data. The decision was issued in light of the company's recent privacy concerns over third-party data mishandling.
Too little, too late. Get your ass over to Capitol Hill Zuck, and try to stuff the sausage back into the casing. This goose is fully cooked. People are wising up to FB shenanigans and its days are numbered. I wouldn't buy stock in this company at half its current level, it's going to be a media circus.
Only that from Republicans and Democrats
Delete your account.
Irony? Yea, it's like goldy and bronzy, only it's made of iron!
they're affraid of getting data from illegal sources. e.g. that hack of the DNC for instance.
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This isn't going to change anything. Facebook has already earned its reputation as a giant sucking machine that takes all of your personal data and sells it to the highest bidder. Actually they sell it to *all* bidders. Smart people are already part of the #DeleteFacebook movement. Smarter people did it a long time ago.
And don't think for a minute that Facebook data won't be used in elections again. But this time Zuckerbertler will make sure it only gets used for campaigns that align with his own political preferences.
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If you know anything about Facebook, you will know that they will say stuff with zero intention of actually following through or giving users a real way to verify. Opt out of something and you'll be 'opted in' when Facebook rearranges their privacy settings with wording that seems benign. Facebook started as a platform where you could see information people selectively shared with groups of friends through connections you control. They marketed themselves on sharing things like cell phone numbers privately with just your circle of friends. Then they threw all that out the window once everyone started putting their information on Facebook. Now your 'private' information is shared with whoever the hell Facebook decides to share it with.
Facebook is going to have huge real issues to deal with once the kids of the original Facebook users start growing up. Some parents on Facebook have been ridiculously careless with their kids in terms of posting photos or videos for damn near everything. These kids will start to want to claim their own online identities at some point.
Facebook just needs to stop fucking with people. Instead of their secret private experiments where they try to manipulate people, they really should just go back to being a platform for people to be social with who they want to be social with. Let people organize events, keep up with people they haven't talked to in a while, control their own feeds, etc..
Also, the idea that Facebook somehow helped Trump is ridiculous. Facebook seems to prioritize anything anti-Trump on peoples' feeds.
Maybe Facebook's goal is to get itself heavily regulated.
--- We need more Ron Paul!
... that was a horrible pun. FML.
This is garbage, calculated PR absolute-minimum-change-we-can-do to not loose any more stock or a user base. I love this "We give a shit now" moment by Facebook, and with Zuckerberg going 'on the record' with Congress to 'make a change'.
This stunt is like having a legitimately bad restaurant experience, and after you decide to walk out, the manager comes tripping over half the tables and chains from across the restaurant to come tell you how sorry they are just so you don't go throw a huge 0-star rant on Yelp. They really don't care, they just want to stop the damage with the one person and the handful of patrons eyes that witnessed it, and not go any farther to continue business-as-usual.
They've got the "experts" coming on the morning news shows now reassuring people that Facebook has done nothing illegal, and we all agreed to be snooped on permanently when we signed up, so we all need to calm down.
The truth of the matter is, the government wants something done about this because they're pissed off that all that wonderful data they've been able to slurp up and use to fuck with people's lives is available to other people too. And you know damn good and well nobody involved in the government wants that data collection to stop. What they really want is to lock it down as a direct pipeline for themselves and they're financiers.
The funny thing is, the uproar may cause some people to actually wise up and stop trading their lives away to these media giants, making it harder to track every waking (and some sleeping) moments of people's lives. Ya dun fucked up by letting this shit get public and allowing the plebes to hear some small smattering of the truth.
Now, if we could get some actual technical people on the news shows the half aware general citizens watch telling the ACTUAL truth that these big media companies are a giant info siphon, that could bring the whole thing to a much more manageable state. Though there's still rumblings from a few folks that the security trade-off is worth it for the convenience. I have yet to understand what's convenient about Facebook. For the month or so I used it to follow a couple bands it essentially annoyed me with "related" bullshit I had zero interest in and I eventually shut it down for good.
I just don't understand how people didn't know this was the end result until it beat them over the head.
Most companies probably have more than enough data on everybody already...
"The decision was issued in light of the company's recent privacy concerns over third-party data mishandling."
There had been no mishandling of data. The data were used in precisely the manner intended by all parties involved, except perhaps those who provided it fully understanding the implications of their decision.
I've calculated my velocity with such exquisite precision that I have no idea where I am.
This is a meaningless and empty gesture if Facebook are still engaging in these practices themselves. The folks at Facebook are either incredibly stupid or incredibly arrogant or both. Data mining and harvesting by anyone for any reason should have been suspect from the start. Our right to privacy isn't a 'digital right', it's just a right. Facebook and their ilk are theives, plain and simple. If nothing comes from any of this scrutiny but a slap on the wrist, there will have been no point whatsoever.
Some people might have forgotten but it was just a few years ago, that the learned people were saying that if you don't use social media you're likely a psychopath, or sociopath, etc. My, my...how times change.
Om, nomnomnom...
Wow. I just realized something mind-blowing. For years, this person has been warning us anonymously that many of our Facebook "friends" are really a bunch of Russian trolls. Suddenly, it all makes sense!
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The useful point isn't when the product pool is empty; it's when the product pool isn't profitable.
Facebook has a large, expensive infrastructure. If it gets to the point where it can't support that, change of some kind will come. I strongly suspect that how they approach data collection will get worse before it gets better under that kind of pressure. I base that assumption upon their already-demonstrated willingness to behave extremely badly.
--fyngyrz*
the folks in charge right now have deregulation as a central plank of the party. We'll get a little theater to make it seem like they care and then they'll do precisely squat.
If you want that to change show up to your primary and vote for people who think government can actually do good. If you don't think government can do any good don't complain when it doesn't.
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...or a terrorist.
the first attempt to mitigate isn't hitting where it hurts. If this is their first suggestion, my counter would be zuck goes to federal prison for aiding and abetting and/or 2 billion counts of misdemeanor larceny, and the US enacts global "privacy policy" for companies doing business on US soil. 21st century HIPAA here we go
The problem of course is money. The shakers and movers at facebook have done this before, and they will do it again. The only way they won't, is if they don't have the product to abuse. And we all know who the product is. But you can bet if you continue to use facebook, your data will be sold to whoever they like.
The shepherds did so well protecting the flock that the sheep no longer believed that wolves existed.
Except that terrorists use it to find vulnerable people in order to grrom them into their beliefs.
It's Thursday...