Hacker News Board Hacker News, browsed like a classic message board
Live data from Hacker News

Statement by FTC Regarding Reported Concerns about Facebook Privacy Practices

ftc.gov

Post reply on HN
Print view View original

11–20 of 285 posts

Re: Statement by FTC Regarding Reported Concerns about Facebook Privacy Practices

#11

Post by sametmax »

hodder wrote: post #3

Remember the delete Uber campaign, the Equifax breach, the WFC accounts, the Bank of America suits, the Intel chip vulnerability? The market doesn't. The market has a short memory, and FB is not going anywhere. However, there may be some welcomed changes in data abuse. With that said, I think the stock is a bargain today.

The short memory is a global things. It's the same with bad movies, lying politician and crazy ex gf/bf.

You can get away with a pretty much anything as long as it's legal, not a big symbol, or that you have money to bypass the legal issue: the public won't hold you responsible for long.

Here it's even worst, because it's also coupled with a total lack of interest. People mostly don't care about co-creating a society. They just want to enjoy the rewards of it right now.

Unless pictures of them doing something they are ashamed of are displayed on a highway billboard, data privacy is not even on their map.

Re: Statement by FTC Regarding Reported Concerns about Facebook Privacy Practices

#12

Post by somuchtyler »

hodder wrote: post #3

Remember the delete Uber campaign, the Equifax breach, the WFC accounts, the Bank of America suits, the Intel chip vulnerability? The market doesn't. The market has a short memory, and FB is not going anywhere. However, there may be some welcomed changes in data abuse. With that said, I think the stock is a bargain today.

What are you talking about, during the equifax breach equifax lost 1/3rd of its value

Re: Statement by FTC Regarding Reported Concerns about Facebook Privacy Practices

#13

Post by imglorp »

tetrep wrote: post #7
DataWorker wrote: post #5

Earlier quoted context omitted.

Was with you up to that last sentence. On what do you base your valuation exactly?

Well, if you were following along, they mention that the market has not remembered those transgressions, which heavily implies the stock price before this incident will be reached again. The stock will hit a local minima, and then bounce back (the symptom of the market "forgetting").

Yep. See also INTC, who got hit down to 44 for that little thing that affected most of their products. They're back to 50 today. The gap between those two might be the temporary social fear factor, that vanishes in a few weeks.

Re: Statement by FTC Regarding Reported Concerns about Facebook Privacy Practices

#14

Post by rorykoehler »

somuchtyler wrote: post #12
hodder wrote: post #3

Remember the delete Uber campaign, the Equifax breach, the WFC accounts, the Bank of America suits, the Intel chip vulnerability? The market doesn't. The market has a short memory, and FB is not going anywhere. However, there may be some welcomed changes in data abuse. With that said, I think the stock is a bargain today.

What are you talking about, during the equifax breach equifax lost 1/3rd of its value

Now it's back to early 2017 levels. Not exactly catastrophic.

Re: Statement by FTC Regarding Reported Concerns about Facebook Privacy Practices

#15

Post by domevent »

hodder wrote: post #3

Remember the delete Uber campaign, the Equifax breach, the WFC accounts, the Bank of America suits, the Intel chip vulnerability? The market doesn't. The market has a short memory, and FB is not going anywhere. However, there may be some welcomed changes in data abuse. With that said, I think the stock is a bargain today.

With that said, I think the stock is a bargain today.

And still falling. A dark part of me hopes the sharks looking to make a profit without recognition of how Facebook is in really deep shit just lose everything. A lot of glib predictions about catching falling knives here, but they seem to ignore Facebook not being quite as essential or inescapable as someone’s bank or credit reporting agency.

People don’t really understand Equifax, and simple breaches don’t bother them as much actively manipulated. Facebook provides a really nominal service for most people, and I think some here are trying very hard to convince themselves this is something other than their bubble being pricked.

Good luck.

Re: Statement by FTC Regarding Reported Concerns about Facebook Privacy Practices

#16

Post by kerng »

hodder wrote: post #3

Remember the delete Uber campaign, the Equifax breach, the WFC accounts, the Bank of America suits, the Intel chip vulnerability? The market doesn't. The market has a short memory, and FB is not going anywhere. However, there may be some welcomed changes in data abuse. With that said, I think the stock is a bargain today.

We will see, not unlikely that a split off of Instagram and/or WhatsApp is being put on the table. Who knows. It didn't happen with Microsoft back in the day, so I'm not sure such drastic measure would be seriously entertained.

Re: Statement by FTC Regarding Reported Concerns about Facebook Privacy Practices

#17

Post by gruez »

somuchtyler wrote: post #12
hodder wrote: post #3

Remember the delete Uber campaign, the Equifax breach, the WFC accounts, the Bank of America suits, the Intel chip vulnerability? The market doesn't. The market has a short memory, and FB is not going anywhere. However, there may be some welcomed changes in data abuse. With that said, I think the stock is a bargain today.

What are you talking about, during the equifax breach equifax lost 1/3rd of its value

...and then went back up after everybody realized nothing was going to happen. including last week's drop, it's sitting at 80% of its pre-breach price.

Re: Statement by FTC Regarding Reported Concerns about Facebook Privacy Practices

#18

Post by gberger »

candreasen wrote: post #6
cycrutchfield wrote: post #4

Earlier quoted context omitted.

How exactly is that irony?

Not ironic in the classic sense but it is a humorous coincidence, and it says a lot about Facebook's ubiquity.

Ironic in the Alanis Morisette sense :)

Re: Statement by FTC Regarding Reported Concerns about Facebook Privacy Practices

#19

Post by adamnemecek »

hodder wrote: post #3

Remember the delete Uber campaign, the Equifax breach, the WFC accounts, the Bank of America suits, the Intel chip vulnerability? The market doesn't. The market has a short memory, and FB is not going anywhere. However, there may be some welcomed changes in data abuse. With that said, I think the stock is a bargain today.

Uber has fucked up but it's incomparable with this. The main difference is that FB fucked over the world for the next decade or so maybe more.

The problem with Equifax is that I can't do anything to retaliate against the company.

Re: Statement by FTC Regarding Reported Concerns about Facebook Privacy Practices

#20

Post by sevensor »

domevent wrote: post #15
hodder wrote: post #3

Remember the delete Uber campaign, the Equifax breach, the WFC accounts, the Bank of America suits, the Intel chip vulnerability? The market doesn't. The market has a short memory, and FB is not going anywhere. However, there may be some welcomed changes in data abuse. With that said, I think the stock is a bargain today.

With that said, I think the stock is a bargain today. And still falling. A dark part of me hopes the sharks looking to make a profit without recognition of how Facebook is in really deep shit just lose everything. A lot of glib predictions about catching falling knives here, but they seem to ignore Facebook not being quite as essential or inescapable as someone’s bank or credit reporting agency. People don’t really u…

> not being quite as essential or inescapable as someone’s bank or credit reporting agency.

Given the existence of the shadow profile, FB is exactly as inescapable as a credit reporting agency.

Post reply on HN