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Statement by FTC Regarding Reported Concerns about Facebook Privacy Practices

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

#31

Post by mrtksn »

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.

Remember Digg? Unlike the companies you listed, FB is user-facing - just like Digg.

If users happen to decide that a company is not "cool" anymore or dispase its public figure(Zuckerberg), it may actually go away.

Remember IE(stands for Internet Explorer)? Using Firefox and later Chrome became a crusade and the almighty brand of the richest person in the world that holds the monopoly on computers platforms bled to death.

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

#32

Post by zerostar07 »

mrtksn wrote: post #31
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.

Remember Digg? Unlike the companies you listed, FB is user-facing - just like Digg. If users happen to decide that a company is not "cool" anymore or dispase its public figure(Zuckerberg), it may actually go away. Remember IE(stands for Internet Explorer)? Using Firefox and later Chrome became a crusade and the almighty brand of the richest person in the world that holds the monopoly on computers platforms bled to de…

This is a media campaing, not “the users”

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

#33

Post by kbenson »

mrtksn wrote: post #31
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.

Remember Digg? Unlike the companies you listed, FB is user-facing - just like Digg. If users happen to decide that a company is not "cool" anymore or dispase its public figure(Zuckerberg), it may actually go away. Remember IE(stands for Internet Explorer)? Using Firefox and later Chrome became a crusade and the almighty brand of the richest person in the world that holds the monopoly on computers platforms bled to de…

I'm not sure Digg had enough money lying around to just buy the next "cool" thing that comes along, as Facebook has done a few times now.

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

#34

Post by Slansitartop »

wybiral wrote: post #22
adamnemecek wrote: post #19

Earlier quoted context omitted.

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.

Good point. Uber tried to fix things by a shake up (but I still don't use Uber). Equifax, I would force to pull my data if I could. Facebook, this kind of stuff is inherent in their business model. Our data is the only obvious thing they can turn into money.

> Equifax, I would force to pull my data if I could

You could freeze your credit with Equifax, if you're not looking to take out new credit lines. It costs money, but I've heard it pretty much stops them from making money off your info. That's why the credit agencies are pushing things like "credit locks," which don't have legal mandates behind them meaning they can design the service to suit themselves.

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

#35

Post by hart_russell »

mrtksn wrote: post #31
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.

Remember Digg? Unlike the companies you listed, FB is user-facing - just like Digg. If users happen to decide that a company is not "cool" anymore or dispase its public figure(Zuckerberg), it may actually go away. Remember IE(stands for Internet Explorer)? Using Firefox and later Chrome became a crusade and the almighty brand of the richest person in the world that holds the monopoly on computers platforms bled to de…

I don't think that is an apt analogy. Facebook users become so entrenched with their social network, pictures, etc. that it is much harder to delete than a bunch of interest categories.

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

#37

Post by sweeneyrod »

cycrutchfield wrote: post #4
pmalynin wrote: post #2

And the ironic cherry on top is the line right under the report “Like the FTC on Facebook.” It this a farce?

How exactly is that irony?

Irony: "a state of affairs or an event that seems deliberately contrary to what one expects and is often wryly amusing as a result". One would not expect a webpage condemning Facebook to suggest its readers use Facebook to promote that statement. It is wryly amusing that it does.

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

#38

Post by ghaff »

TAForObvReasons wrote: post #23
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.

It's worth remembering what happened to Microsoft after it was hit with anti-trust action: https://www.seattletimes.com/business/microsoft/long-antitru... The stock was literally dead money for decades and the ramifications are clear. The recent selling pressure is driven to an extent by memories of Microsoft and the financial impact. The stock is in no meaningful sense a bargain.

Microsoft's stagnation had far more to do with their failure in mobile and the fact that their operating system and Office markets (where essentially all their money came from) were stagnant to declining. Oh, and all the cool new development (a traditional Microsoft strength) was happening on other platforms.

But they finally got a credible cloud strategy together which recognized today's realities which is why their stock is doing better.

I won't say anti-trust had no impact but they had more fundamental problems.

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

#39

Post by mattnewton »

Slansitartop wrote: post #34
wybiral wrote: post #22

Earlier quoted context omitted.

Good point. Uber tried to fix things by a shake up (but I still don't use Uber). Equifax, I would force to pull my data if I could. Facebook, this kind of stuff is inherent in their business model. Our data is the only obvious thing they can turn into money.

> Equifax, I would force to pull my data if I could You could freeze your credit with Equifax, if you're not looking to take out new credit lines. It costs money, but I've heard it pretty much stops them from making money off your info. That's why the credit agencies are pushing things like "credit locks," which don't have legal mandates behind them meaning they can design the service to suit themselves.

I just can’t get over how I am paying them money to stop making money off my data
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