Facebook and the world’s most valuable resource

The continuing saga of Facebook and its lack of respect for users’ privacy is getting tired. A recent article in the Minneapolis Star Tribune and the Washington Post discussed the likelihood of a sizable fine, Facebook, FTC discussing ‘multibillion dollar’ fine based on a current investigation. The FTC has increased its focus on such violations in the aftermath of the Cambridge Analytica breach which resulted in some 87 million users having their private data packaged and sold .

Interested in the history of Facebook and privacy violations? NBC News has complied a timeline that begins in 2006 when Zuckerberg’s brainchild (sorry Winklevoss boys) was just two years old running through last year. Some will say it is still not complete despite including nine incidents in twelve years.

According to The Economist the world’s most valuable resource is no longer oil, but data . Perhaps Facebook needs to start treating its customers data as a valued – and sometimes private – resource.

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