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.
Topic: 🔵 Facebook Agrees to Pay $5 BILLION, BUT will they ever stop?? - page 3. (Read 1224 times)
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.
$5 BILLION is a big amount but not for a company named Facebook. They can easily pay this amount and they will continue doing what they are doing now. Technically speaking they have the the data of everyone who uses the internet (As all the internet users have facebook account) and they can use this data for their own purpose.
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
Steep fine for face book but nearly not enough to remedy the havoc the facebook hack and privacy violations has caused over the course of many years. Somehow the fines will not get to the real victims of the violations. The more important deal is the proposed changes in the way facebook handles subsequent issues
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 trust Facebook and anything Facebook creates...
they only care for they own profit and nothing else like helping people.
https://www.eff.org/deeplinks/2019/08/victory-lawsuit-may-proceed-against-facebooks-biometric-surveillance-0
they only care for they own profit and nothing else like helping people.
https://www.eff.org/deeplinks/2019/08/victory-lawsuit-may-proceed-against-facebooks-biometric-surveillance-0
they say that the libra coin wont be released anymore .
if they are paying that huge amount who will recieve it ? the governments ? but what about us ? what about thier users . they are the ones that lost or have been exposed their data .
but if ever they start paying , your still asking if when will they stop ? they should have stop imediately because if not then they will have to pay more .
Well you have a good argument, but you need to understand that everything is business, they agreed to pay because they know that they can recover it. Did they go bankrupt? No. So I don't think that Facebook or any major company for that matter will stop just simply because they have to pay big fines to their government. As for our data, it's very risky, just like what happen to the last supposedly Binance hack (again). if they are paying that huge amount who will recieve it ? the governments ? but what about us ? what about thier users . they are the ones that lost or have been exposed their data .
but if ever they start paying , your still asking if when will they stop ? they should have stop imediately because if not then they will have to pay more .
they say that the libra coin wont be released anymore .
if they are paying that huge amount who will recieve it ? the governments ? but what about us ? what about thier users . they are the ones that lost or have been exposed their data .
but if ever they start paying , your still asking if when will they stop ? they should have stop imediately because if not then they will have to pay more .
if they are paying that huge amount who will recieve it ? the governments ? but what about us ? what about thier users . they are the ones that lost or have been exposed their data .
but if ever they start paying , your still asking if when will they stop ? they should have stop imediately because if not then they will have to pay more .
It is not just breaching the privacy of the users and profiting from it. Facebook is behaving more like a political entity rather than a social media channel nowadays. They have taken an extreme-left political view, and constantly delete posts and groups having a right-wing tilt. Back in 2016, they tried to sway the POTUS elections in favor of Hillary (and failed miserably in it). If they continue to involve in politics, then the users should start boycotting their services.
You spotted it very well. They have started behaving very politically lately and though there are talks about freedom of expression, your comments get deleted within minutes depriving you of your basic right. However, the company has a great influence around the world and the quest these days is for data which is the best thing that has ever happened to Facebook. Facebook can make use of the data in numerous ways. 
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.
What about all the people whose personal data was sold without their approval? I believe Mark deserves more severe punishment like prison, perhaps this way it will be an example for all others who intend to sell personal data. In the same time there should be some responses regarding buyers of the data, should they make sure the legality of the data they buy??
Libra has nothing to do with this privacy breaking law thing at all. I mean it could totally be exactly the same and maybe facebook didn't get the message and punishment was too low and they will keep doing whatever they are doing with Libra as well but for now it looks like they haven't even started so it would be weird to judge them for something they haven't done yet.
Maybe they learned their lesson and will have strict rules for privacy and they will just do much better with Libra? I am not saying that will happen and I am not defending Facebook here, I am just trying to say since nothing has happened yet on Libra front of the deal maybe we should just wait and see, maybe it will be like you guys say or maybe it will be nothing like that, only time will allow us to see how it works.
Maybe they learned their lesson and will have strict rules for privacy and they will just do much better with Libra? I am not saying that will happen and I am not defending Facebook here, I am just trying to say since nothing has happened yet on Libra front of the deal maybe we should just wait and see, maybe it will be like you guys say or maybe it will be nothing like that, only time will allow us to see how it works.
It is not just breaching the privacy of the users and profiting from it. Facebook is behaving more like a political entity rather than a social media channel nowadays. They have taken an extreme-left political view, and constantly delete posts and groups having a right-wing tilt. Back in 2016, they tried to sway the POTUS elections in favor of Hillary (and failed miserably in it). If they continue to involve in politics, then the users should start boycotting their services.
It will not stop because there is no law or regulation that is fully air tight because at the time when its being formulated, the drafters and the deciders can only think to the extent of how far their mind can carry them to block all necessary loopholes at the time and because times and season are changing someone is looking at the loopholes to perpetuate another crime. And the funny thing is that, at the time organisations are considering the cause of action, they know the law but when they then put everything into perspective and the cost of the likely fine if the regulator find out they have err on the side of law, its still profitable and businesses afterall thrives on risk. Which is why it wont stop...
Facebook will never stop track people unfortunately
The current trend in the industry is the quest for data. You have the data, you have the market. There is a famous saying in economics that if data is the new oil, China is the new Saudi Arabia. Coming to the main point, giants like Facebook will still be using the data to make money and capture the world despite the allegations and court facing. Google is another thing to read about.You got point. Today's market is based on amount of data you can gather and have for yourself. You mentioned google but Microsoft purchased GitHub. So all big "players" have data and can do anything with market and manipulate as they see fit. For them 5 billion is nothing more then some average person lunch money.
I see this as a plan to delay the launch of Facebook Libra. It is politics to make people loose faith in Facebook and thereafter be suspicious of whatever products it rolls out. The banks are scared of Libra that they want to destroy it through this kind of distraction. I do not know why governments are scared of Libra, especially America.
Facebook too is not completely transparent about their own operation too, and I think they already lost their trust government and also they have lost their the trust that many other individuals have in them through the recent case of privacy that the government had against them and coupled with the fact that Facebook likes to use money to buy everything over.I just read a news today too that they would be changing instagram and whatsaap name, even though the changes would be partial, but I really don’t see any need for it right now other than them having some hidden agendas about their operations, and to me, I also see their Libra coin as a very big threat to the government and banks. I think they need to fear Libra coin than they feared bitcoin.
With them having a recent case loss I think all eyes are on them especially the ones who are handling the topic of Libra. I'm pretty sure with their own kind of cryptocurrency the government wouldn't allow them to add an extra set of feet in by putting a lot of privacy violation with their Libra. They might even go as far on changing the whole Facebook interface on what users can show and what they cannot show, before even touching the subject on how Libra will be implemented in their website.
I see this as a plan to delay the launch of Facebook Libra. It is politics to make people loose faith in Facebook and thereafter be suspicious of whatever products it rolls out. The banks are scared of Libra that they want to destroy it through this kind of distraction. I do not know why governments are scared of Libra, especially America.
I don't think that banks are really afraid of Facebook's Libra. What the US lawmakers are afraid of is the huge power that Facebook as a company can wield globally. They are afraid that a company as powerful as Facebook will continue to grow and that is what they wanted to stop at this point.
So yeah there could be some political background here, US governments doesn't want Facebook to dominate and make more money and the potential effect it can bring globally.
Mike Crapo to Lobby for Libra...
https://cointelegraph.com/news/facebook-hires-former-aide-to-us-sen-mike-crapo-to-lobby-for-libra
https://cointelegraph.com/news/facebook-hires-former-aide-to-us-sen-mike-crapo-to-lobby-for-libra
Facebook will never stop track people unfortunately
The current trend in the industry is the quest for data. You have the data, you have the market. There is a famous saying in economics that if data is the new oil, China is the new Saudi Arabia. Coming to the main point, giants like Facebook will still be using the data to make money and capture the world despite the allegations and court facing. Google is another thing to read about.
Facebook will never stop track people unfortunately
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