"We run a much greater risk of stumbling on them later".
Last week, tech billionaire Elon Musk deleted the Facebook pages for his two main businesses, electric auto maker Tesla and rocket startup SpaceX. It will take the social media giant investing in itself - managing itself - for value and trust to return for many of us.
How can accounts be made more secure?
With this, Facebook has been given the option to manage the privacy shortcut, two-factor authentication, and ed on Facebook. To be sure, they've told us bits and pieces about this through their terms of service, in our profile settings, and in those advisory pop-ups that we see every now and then - which we, of course, don't read at all, especially the fine print that accompanies them. Nick Srnicek, author of Platform Capitalism, says, "Facebook is acting like a classic monopoly: it's buying up competitors like Instagram, it's blatantly copying rivals like Snapchat, and it even has its own app, Onavo, that acts to warn them of potential threats".
Picture it, all the calls you've ever made and received since joining the social network, including their time and duration, and all those voice notes, texts, and pictures you've sent; all your metadata, Facebook has them all. Which, I guess, isn't that surprising when you really think about it. This will take you to a page explaining that you will not be able to reactivate your account or retrieve any of the information you added to the site. Strategic Communication Laboratories, which partnered with Facebook, violated an agreement by gaining user information through deceptive means.
Unregulated, unchecked and riding high on its god-like reputation, Facebook is, in many ways, engaged both in legitimate business and in the black market, where data is being sold to the highest bidder with the least public scrutiny.
-Even if users limited data sharing to "friends only", data was actually shared with third party apps that friends used.
Dr. Brent Mittelstadt, a researcher at the Oxford Internet Institute, said that some mixture of self-regulation and state regulation is necessary to avoid situations such as with Cambridge Analytica, where users' data was unknowingly used for political purposes. Such is the case with the data breach allegations against Facebook, which refuse to die down and continued to dominate headlines all through this past week.
Facebook's data privacy fumble tied to Cambridge Analytica, which accessed data that had been harvested from 50 million Facebook users, has Wall Street analysts saying the Federal Trade Commission - which announced Monday that it has launched an investigation - could hit Facebook with a financial penalty of up to $2 billion. If you don't want to delete an app, you can change the privacy settings.
Facebook launches Facebook Connect, aiming to correct Beacon's mistakes by requiring users to take deliberate action before they share activity from other websites when logged in using Facebook.
The impact of Facebook's dominance means that publications are constantly scrambling to keep up with the platform's changing strategy.
That's what Egan and Beringer have promised.
A spokeswoman for the House Energy and Commerce Committee said Tuesday that the committee is working with Facebook to determine a day and time for Zuckerberg to testify.
Now, it is hard to tell at this point if laws were broken but this type of data collection and usage certainly borders on an invasion of privacy and, again, it affected 50 million in the US.
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