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Facebook does not plan to notify half-billion users affected by data leak

reuters.com

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Re: Facebook does not plan to notify half-billion users affected by data leak

#13

I am surprised how the Facebook stock is pretty unaffected by all of this.

They are subsidized. Stock may not be best indication of the performance of the company.

That’s the problem with free ad-based media giants. For an individual, the deadly combination of the platform being large enough, free and closed (no APIs for feature-complete third-party cross-platform clients) means a huge barrier to switching over to a different social provider with better ethical, infosec and privacy track record—and all the while company’s interests are aligned with ones of the advertisers, the actual paying users. Stock performance, of course, reflects that.

Re: Facebook does not plan to notify half-billion users affected by data leak

#15
post #7
post #2

Guess it's too hard to notify users that their information got leaked. I hope they reported to all the different institutions in Europe though. The article suggests they didn't even report it to the Ireland one!

Are you seriously claiming it's too hard? They could send out emails, Facebook messages or show some banner in the profile page. This is Facebook ffs, they almost have a monopoly on communication.

Not our parent claims it's too hard to find the users affected by that breach, Facebook does. Curiously. Quote from the source article:

> The Facebook spokesman said the social media company was not confident it had full visibility on which users would need to be notified.

Re: Facebook does not plan to notify half-billion users affected by data leak

#17

I am surprised how the Facebook stock is pretty unaffected by all of this.

I own some of their stock and I keep buying more. Reason: FB is doing a great job with advertising and they are not just Facebook but also Instagram and other things.

Re: Facebook does not plan to notify half-billion users affected by data leak

#18

Zuckerberg is probably right in this one. Whatever fines might come out in the EU around this will be nothing compared to the cost of loosing the customers they notify and the cost of notifying them.

"Right" to keep FB valuation, but that doesn't mean legally/morally/ethically right.

I'd say Zuckerberg is in the wrong, but I also understand why he made the decision.

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