🔵 Facebook Agrees to Pay $5 BILLION, BUT will they ever stop?? - page 2.

Lanatsa

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Quote from: coin-investor on August 29, 2019, 08:07:07 AM

Quote from: dkbit98 on August 16, 2019, 03:27:52 PM

Quote from: guoyu78 on August 16, 2019, 03:24:33 PM

However, if they built something that could basically track your expenses to make sure they sell your spending data to other companies for marketing purposes (which could be used for evil like Cambridge Analytica was used) than we can totally understand what kind of company facebook is and what the direction they are taking even with the penalty they took. We just need time to realize and process what will happen with Libra to give our judgement.

Yeah, and most likely this scenario will happen.
I just don't think anyone in Facebook wants to change their ways of doing things and earning money.

You cannot change a company that is making a huge profit and become a top company from doing the thing that they are good at, and Facebook is very good at taking our data and selling it, so why would they change, in fact their Libra coin is another coin that they can use to triple their profit, but in this case they can do it legally.

Everybody is watching Facebook's Libra coin's launch because we have something to worry about and at the same time something we are excited about because the whole community is watching how Facebook can help the Cryptocurrency in general.

The only thing I do see on what Libra would able to help cryptocurrency in general is on giving out global awareness on whats crypto and might lead up for those people who are involved to seek out the origin of it where it do pertain with bitcoin and no other thing rather than that there no way that this centralized coin will give out any innovative thing on here.It will really be just like an e-payment using up Facebook platform.Im aint negative on this one yet this wont really be that revolutionary at all.It might have facing some issues but I don't see a reason that they would completely stop.They do make arrangements and ways for their coin to be launched but government is too skeptic in related to this.

FlightyPouch

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Quote from: dkbit98 on August 16, 2019, 03:27:52 PM

Yeah, and most likely this scenario will happen.
I just don't think anyone in Facebook wants to change their ways of doing things and earning money.

I bet they will continue doing those things but this time, since people know how they do it, they will be changing their ways. Not changing that they will not be doing that again but changing it in the way people would not know they are doing it again. They are spoiled to the money and information they are gathering so why stop?

coin-investor

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Quote from: dkbit98 on August 16, 2019, 03:27:52 PM

Quote from: guoyu78 on August 16, 2019, 03:24:33 PM

However, if they built something that could basically track your expenses to make sure they sell your spending data to other companies for marketing purposes (which could be used for evil like Cambridge Analytica was used) than we can totally understand what kind of company facebook is and what the direction they are taking even with the penalty they took. We just need time to realize and process what will happen with Libra to give our judgement.

Yeah, and most likely this scenario will happen.
I just don't think anyone in Facebook wants to change their ways of doing things and earning money.

You cannot change a company that is making a huge profit and become a top company from doing the thing that they are good at, and Facebook is very good at taking our data and selling it, so why would they change, in fact their Libra coin is another coin that they can use to triple their profit, but in this case they can do it legally.

Everybody is watching Facebook's Libra coin's launch because we have something to worry about and at the same time something we are excited about because the whole community is watching how Facebook can help the Cryptocurrency in general.

darewaller

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Quote from: TheCoinGrabber on August 24, 2019, 01:49:40 PM

Just a drop in the bucket. I don't think government oversight would prevent things like the Cambridge Analytica scandal from happening again. With these big companies, they just get a slap on the wrist fine and proceed to do it again.

Now let's see if people would support Libra. It seems people there in the US do make fun of Zucc and are trying to wean themselves of FB and co but it's still a popular platform in developing countries.

Well, mark seems to have already bought everyone over and we can't do without him right now because I have not really seen any other application that has been able to compete with him, other platform that would have done so, he has already bought them over, platforms like Instagram and Whatsaap, so no matter how much they muck him, he still has their keys in his hands, especially the business men and women because his platform has really helped lots of businesses.

I think if government dare allow him to release the coin that would be the beginning of whatever it is that government is scared of about the release of the Libra coin as they have too many business men and women on their platform that would make the platform a success.

TheCoinGrabber

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Just a drop in the bucket. I don't think government oversight would prevent things like the Cambridge Analytica scandal from happening again. With these big companies, they just get a slap on the wrist fine and proceed to do it again.

Now let's see if people would support Libra. It seems people there in the US do make fun of Zucc and are trying to wean themselves of FB and co but it's still a popular platform in developing countries.

Pab

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Good post i really like
I guess Facebook will never stop to do it
It is simply very lucrative to trade users data.I rather think his effort will goes to hide stealing his users private data.It is all comedy to me because anything users post write is going to NSA.Preventing terrorism.I even think that Facebook will not pay that 5 bln penalty
read that Guardian article more light about Facebook fraud

Internal Facebook correspondence from September 2015, released as part of a US government lawsuit on Friday, reveals new details about Facebook’s early knowledge of potentially improper data collection by Cambridge Analytica.

But the correspondence – which the Washington DC attorney general’s office fought for months to unseal as part of its lawsuit – provides new insight into how Facebook staff reacted, or did not react, to concerns about the use of user data by political campaign consultants.

It is criminal by my opinion

https://www.theguardian.com/technology/2019/aug/23/cambridge-analytica-facebook-response-internal-document

dkbit98

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Quote from: Bitcoin Seller on August 21, 2019, 04:38:31 PM

Quote from: dkbit98 on August 16, 2019, 03:27:52 PM

Quote from: guoyu78 on August 16, 2019, 03:24:33 PM

However, if they built something that could basically track your expenses to make sure they sell your spending data to other companies for marketing purposes (which could be used for evil like Cambridge Analytica was used) than we can totally understand what kind of company facebook is and what the direction they are taking even with the penalty they took. We just need time to realize and process what will happen with Libra to give our judgement.

Yeah, and most likely this scenario will happen.
I just don't think anyone in Facebook wants to change their ways of doing things and earning money.

The only thing is that it is unclear when Libra goes to the exchanges, and whether at all. The developers do not give comments and offer to buy coins through official applications. It remains only to wait. First, decisions of Congress, then clarifications of the situation with exchanges. If trading does begin, the Libra cryptocurrency has a chance to become a profitable tool for earning short positions.

Latest news regarding this topic is that
Mark Carney (governor of the Bank of England) proposed that coin like Libra could replace US dollar as a world reserve currency!

Quote

source article:
https://www.theblockcrypto.com/tiny/bank-of-england-governor-suggests-a-libra-like-currency-should-become-the-worlds-reserve-currency/

Does it mean it will be Libra or maybe bank of England is creating their own coin?

Bitcoin Seller

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Quote from: dkbit98 on August 16, 2019, 03:27:52 PM

Quote from: guoyu78 on August 16, 2019, 03:24:33 PM

However, if they built something that could basically track your expenses to make sure they sell your spending data to other companies for marketing purposes (which could be used for evil like Cambridge Analytica was used) than we can totally understand what kind of company facebook is and what the direction they are taking even with the penalty they took. We just need time to realize and process what will happen with Libra to give our judgement.

Yeah, and most likely this scenario will happen.
I just don't think anyone in Facebook wants to change their ways of doing things and earning money.

The only thing is that it is unclear when Libra goes to the exchanges, and whether at all. The developers do not give comments and offer to buy coins through official applications. It remains only to wait. First, decisions of Congress, then clarifications of the situation with exchanges. If trading does begin, the Libra cryptocurrency has a chance to become a profitable tool for earning short positions.

dkbit98

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Quote from: guoyu78 on August 16, 2019, 03:24:33 PM

However, if they built something that could basically track your expenses to make sure they sell your spending data to other companies for marketing purposes (which could be used for evil like Cambridge Analytica was used) than we can totally understand what kind of company facebook is and what the direction they are taking even with the penalty they took. We just need time to realize and process what will happen with Libra to give our judgement.

Yeah, and most likely this scenario will happen.
I just don't think anyone in Facebook wants to change their ways of doing things and earning money.

guoyu78

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Merit: 541

I think with this Libra coming up it will be a great understanding of what they are after or if they learnt their lesson. If libra becomes something very transparent and not something to be used for evil than we can say that facebook really learnt their lesson and built something that is definitely there to help humanity and not just destroying peoples privacy.

However, if they built something that could basically track your expenses to make sure they sell your spending data to other companies for marketing purposes (which could be used for evil like Cambridge Analytica was used) than we can totally understand what kind of company facebook is and what the direction they are taking even with the penalty they took. We just need time to realize and process what will happen with Libra to give our judgement.

dkbit98

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Quote from: jostorres on August 15, 2019, 12:25:25 PM

Quote from: dkbit98 on August 14, 2019, 03:24:40 PM

How will you be 'cut off' exactly?
Everyone now uses Viber or Telegram,
and there are alternative social medias platforms,
and just maybe you will get more closer to your family with meeting in real life and face to face.

So you have a choice,
but you are stuck in your comfort zone like most of the people

Sooner or later, you will hear that Facebook has also bought that viber and all those other social media platform that you mentioned, don’t forget that Facebook bought whatsaap, and I think you dint know that they have bought instagram too which are the major social media platforms that we have right now other than twitter and telegram, and I am sure that it is possible to buy telegram over too, they like money too much and they can easily be bought over.

And even those social media that you mentioned, the fact that they have not yet been caught like Facebook does not mean they are not all selling our data, so there is absolutely nothing we can do for now, except we want to have our own social media platform privately, which means we have to develop it our self.

You better first explorer how Viber and Telegram are working.
They have encrypted communication, so they cant sell your info in the same way
and I was talking about connection with family members.

Do you think that Facebook will buy all and rule forever?
Please... wake up...
I am sure Telegram will NEVER sell itself to Facebook for various reasons.

In the end,
if you love Facebook then please use it and enjoy.

jostorres

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Quote from: dkbit98 on August 14, 2019, 03:24:40 PM

How will you be 'cut off' exactly?
Everyone now uses Viber or Telegram,
and there are alternative social medias platforms,
and just maybe you will get more closer to your family with meeting in real life and face to face.

So you have a choice,
but you are stuck in your comfort zone like most of the people

Sooner or later, you will hear that Facebook has also bought that viber and all those other social media platform that you mentioned, don’t forget that Facebook bought whatsaap, and I think you dint know that they have bought instagram too which are the major social media platforms that we have right now other than twitter and telegram, and I am sure that it is possible to buy telegram over too, they like money too much and they can easily be bought over.

And even those social media that you mentioned, the fact that they have not yet been caught like Facebook does not mean they are not all selling our data, so there is absolutely nothing we can do for now, except we want to have our own social media platform privately, which means we have to develop it our self.

veleten

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whoever did the info graphic on fines forgot about Microsoft and their pretty big fines
the most recent one amounted to 730 millions: https://www.nytimes.com/2013/03/07/technology/eu-fines-microsoft-over-browser.html
will Facebook stop? probably not , will they change? probably will hide better their practices
it is clear that they are working together with the governments and/or the agencies to collect the user's data
Google just put it in their terms in conditions - we will spy after you , if you are not happy , do not use us
Facebook kinda "forgot" to do it , but should include the spying part in their terms now

dkbit98

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Quote from: FIFA worldcup on August 14, 2019, 06:50:18 AM

Quote from: hotforblockchain on August 12, 2019, 05:52:06 PM

They will never stop, they made much more on our data.
This just not includes selling our data but using it for their on platform ads.

I recently red some news article about whatsapp and what they plan to do with it, long story short- they are going to monitor us all with whatsapp, I am starting to move away from their owned apps, including whatsapp. Faceook is super company , they are extremely powerful.

The problem is that we cannot leave facebook and whatsapp as these social media tools and platform are integrated in our lifes. Even if we boycott them, only we will be cut off form our friends and relatives. Hence we have no choice but to continue using these platforms. We need to accept them with their pros and cons.

How will you be 'cut off' exactly?
Everyone now uses Viber or Telegram,
and there are alternative social medias platforms,
and just maybe you will get more closer to your family with meeting in real life and face to face.

So you have a choice,
but you are stuck in your comfort zone like most of the people

FIFA worldcup

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Quote from: hotforblockchain on August 12, 2019, 05:52:06 PM

They will never stop, they made much more on our data.
This just not includes selling our data but using it for their on platform ads.

I recently red some news article about whatsapp and what they plan to do with it, long story short- they are going to monitor us all with whatsapp, I am starting to move away from their owned apps, including whatsapp. Faceook is super company , they are extremely powerful.

The problem is that we cannot leave facebook and whatsapp as these social media tools and platform are integrated in our lifes. Even if we boycott them, only we will be cut off form our friends and relatives. Hence we have no choice but to continue using these platforms. We need to accept them with their pros and cons.

SirLancelot

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Quote from: Lawrenzoo on August 12, 2019, 06:26:17 PM

Quote from: dkbit98 on August 11, 2019, 11:14:35 AM

Quote from: SquallLeonhart on August 11, 2019, 10:56:27 AM

-snip

I don't understand you at all...
and the fact that you profited from Facebook does not mean a thing for me.

Facebook reads your every so called PM 'private message'
If you are OK with that, I am not.

All the best

And so? if they read your pm, in what way has it then added any benefit to them? does you telecommunication company not also have record of all your conversation, and moreover, do you think they will have all that time to read messages of all the users on their database because i do not seems to understand you also, not only him, please make your point clear.

Lol, I also seem not to understand him also, because when he said they read private message, the only way feel they can do that is when they have a specific target, because they have too many handful of work to do for them to start reading messages when they don’t know what they will find there.

He should imagine himself staying in from of a system and just reading messages like someone that does not have direction. You know we have some people that when they are using a system, they forget themselves and believe that they are the only one on that network. All I just see people saying is that Facebook sell data, but they have never explained how they really sell the data and how they make money from it, sometimes we just like to follow a trend without understanding a thing about it.

dkbit98

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This is how 'good' Facebook is

https://www.independent.co.uk/life-style/gadgets-and-tech/news/facebook-cryptocurrency-buy-libra-bitcoin-scam-how-much-a9054661.html

ene1980

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Quote from: fortunecrypto on August 08, 2019, 09:23:33 PM

I don't think they will ever stop, Facebook needs data so they can work out and create data that they can offer to their advertisers because they offer targetted leads, they need location, preferences age and other vital information, without it, they have no way create targeted leads without it.

For a company to pay $5 billion as fines for selling sensitive data is not a small thing and if they continue that practice they will be penalized bigger amount which is not good for their business and at what point do you think that they will be stopping these bullshit. The fines that are imposed are not at all small amounts by any means for any business and they should stop their bad practices if not they will end up bankrupt in a few years time.

dkbit98

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Quote from: Lawrenzoo on August 12, 2019, 06:26:17 PM

Quote from: dkbit98 on August 11, 2019, 11:14:35 AM

Quote from: SquallLeonhart on August 11, 2019, 10:56:27 AM

Quote from: fortunecrypto on August 08, 2019, 09:23:33 PM

I don't think they will ever stop, Facebook needs data so they can work out and create data that they can offer to their advertisers because they offer targetted leads, they need location, preferences age and other vital information, without it, they have no way create targeted leads without it.

If the purpose of the data they collect is what you stated, then I don’t see how they have sold data in anyway. I run my business promo through Facebook, and I pay them to show my product to the world, so they pick my product and show it to some number of people based on the amount I paid for.

I don’t have access to those people’s information for me to contact them, they only contact me when they are interested in the product being shown to them, so I don’t know why they should be accused of selling data, except what they are being sued for is that they are abusing the privacy of the people they are showing the product to which is how they make money and we also make money too. Facebook advert has even blessed the economy of America more than what they can imagine, in my country, do you know how many things has been imported from America just because they saw the advert on Facebook? So is the America talking about?

I don't understand you at all...
and the fact that you profited from Facebook does not mean a thing for me.

Facebook reads your every so called PM 'private message'
If you are OK with that, I am not.

All the best

And so? if they read your pm, in what way has it then added any benefit to them? does you telecommunication company not also have record of all your conversation, and moreover, do you think they will have all that time to read messages of all the users on their database because i do not seems to understand you also, not only him, please make your point clear.

...

Words PRIVATE messages PM mean anything to you?

If not, then you need to learn better english language, and learn your basic rights as a human being and a customer/user.

Also 5 BILLION explains enough...

Lawrenzoo

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Quote from: dkbit98 on August 11, 2019, 11:14:35 AM

Quote from: SquallLeonhart on August 11, 2019, 10:56:27 AM

Quote from: fortunecrypto on August 08, 2019, 09:23:33 PM

I don't think they will ever stop, Facebook needs data so they can work out and create data that they can offer to their advertisers because they offer targetted leads, they need location, preferences age and other vital information, without it, they have no way create targeted leads without it.

If the purpose of the data they collect is what you stated, then I don’t see how they have sold data in anyway. I run my business promo through Facebook, and I pay them to show my product to the world, so they pick my product and show it to some number of people based on the amount I paid for.

I don’t have access to those people’s information for me to contact them, they only contact me when they are interested in the product being shown to them, so I don’t know why they should be accused of selling data, except what they are being sued for is that they are abusing the privacy of the people they are showing the product to which is how they make money and we also make money too. Facebook advert has even blessed the economy of America more than what they can imagine, in my country, do you know how many things has been imported from America just because they saw the advert on Facebook? So is the America talking about?

I don't understand you at all...
and the fact that you profited from Facebook does not mean a thing for me.

Facebook reads your every so called PM 'private message'
If you are OK with that, I am not.

All the best

And so? if they read your pm, in what way has it then added any benefit to them? does you telecommunication company not also have record of all your conversation, and moreover, do you think they will have all that time to read messages of all the users on their database because i do not seems to understand you also, not only him, please make your point clear.

Topic: 🔵 Facebook Agrees to Pay $5 BILLION, BUT will they ever stop?? - page 2. (Read 1224 times)