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Meta to sell Giphy after UK watchdog confirms ruling

theguardian.com

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Re: Meta to sell Giphy after UK watchdog confirms ruling

#181

Earlier quoted context omitted.

> Meta does have thousands of competent engineers, ensuring their data remains exactly where they want it to be Meta's own employees testified that it would be impossible to enumerate and locate all the data they're either collecting or synthesizing about their users. So you'll forgive me if I don't really believe you.

No. They testified that a single person wouldn't be able to. > The court-appointed expert asked who at Facebook would be able to answer the question: where is all the information on a single user stored. > > "I don't believe there's a single person that exists who could answer that question. It would take a significant team effort to even be able to answer that question," answered Zarashaw. https://www.businessinside…

Frankly, that's a distinction without a difference.

A governance policy is only as good as your ability to identify and enumerate your data, their provenance, their location, access controls, etc.

If no one person can do that job, it means they aren't actually tracking that information in a way that it can be holistically assessed, audited, etc.

Going to the original article that Business Insider cribbed from (which, of course, elides a lot of fascinating detail, because BI isn't a news source, it's an aggregator for people without attention spans): https://theintercept.com/2022/09/07/facebook-personal-data-n...

We find that this is supported by an internal Facebook document where an insider stated that:

> “We do not have an adequate level of control and explainability over how our systems use data, and thus we can’t confidently make controlled policy changes or external commitments such as ‘we will not use X data for Y purpose,’”

Which makes sense given one of their engineers noted:

> “It is rare for there to exist artifacts and diagrams on how those systems are then used and what data actually flows through them,”

With one specific example given regarding their ad tracking:

> “It would take multiple teams on the ad side to track down exactly the — where the data flows. I would be surprised if there’s even a single person that can answer that narrow question conclusively.”

So, to sum up: no one person can determine what data they're collecting. There is a profound lack of internal documentation and knowledge about how data is processed and where it flows. And Facebook themselves admits they can neither control nor explain how systems use that data.

And I'm supposed to believe that "Meta does have thousands of competent engineers, ensuring their data remains exactly where they want it to be"?

Please.

Re: Meta to sell Giphy after UK watchdog confirms ruling

#182
post #172
post #170

Earlier quoted context omitted.

This is kind getting tautological here when you’re saying that just because someone/some group values it doesn’t make it valuable, especially when we have two fairly large organizations involved. I’d need your definition of what “valuable” is before we could have a useful conversation

It seems obvious to me that the value of any business deal could be measured in attributed revenue or movement in stock price. On both points, this deal looked like shit.

It could also be valued in its ability to prevent competition from forming and causing margins to fall in the protected area of business. Which happens to be what the regulators are looking to prevent.

This wouldn’t cause a bump in revenue or stock price unless this broke the equilibrium and let the controlling firm take more of the market. If it’s a defensive measure it’s just increased cost to maintain revenue, but that still can be worth it if actual competition is expected to drop margins enough to exceed the cost of the defensive measure

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