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16 April 2018, 09:30 | Hattie Nash
Facebook shows dangers of giving up our privacy
Zuckerberg tentatively agreed to answer calls to face the United States congress and said he welcomed a certain level of regulation - but not everyone was convinced by his effort.
The compensation costs include the security provided at Zuckerberg's home and during travel and the expense incurred from his private air travel.
I'm not suggesting this was the moment when then-President Bush was destined to become ex-President Bush, but his apparent disconnect with the modems of everyday life echoed through the halls of Congress in the (to be charitable) rudimentary questions lobbed at Zuckerberg.
The founder of social networking giant continued to earn a base salary of $1 with no bonuses or stock awards.
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Lawmakers and privacy advocates immediately protested the practice, with many saying Facebook needed to develop a way for non-users to find out what the company knows about them. The incident wiped off billions from Zuckerberg's wealth while Facebook's stock prices slumped in a week.
Before a room of 40 senators, Facebook founder Mark Zuckerberg was questioned about the data leak by a researcher at Cambridge Analytica to a political consulting firm. But it basically serves the same function, he said, adding he had just done this in recent weeks for a client. A USA website Wired.com counted as many as 20 such "my-team-will-follow-up" dodges. It seems Facebook knew about the security breach for years.
Also on Monday, a bipartisan group of attorneys-general representing 37 U.S. states wrote a joint letter to Facebook demanding answers to what led to the breach and how the company allowed it to happen.
Let's begin by exposing the economic roots of the problem: Facebook is a publicly traded company that makes money predicated on a simple proposition: it's free. Considering there were questions about how Facebook could sustain its business model without user payment, we can safely say that numerous committee members did not do their homework. I probably post more than some but a lot less than others.
So it's hard to underestimate the significance of McNamee's increasingly public criticism of Facebook over the last couple of years, particularly in the light of the growing Cambridge Analytica storm. Facebook also faces inquiries in Europe.
According to Facebook, this program will reward those with first-hand knowledge and proof of cases where a Facebook platform app collects and transfers user data to another party to be sold, stolen, or used for scams or political influence.
In the meantime, Facebook has adapted more about Sadia's group of friends - notwithstanding the way that Sadia has never utilized Facebook, and thusly has never consented to its strategies for information gathering. "They are already having conversations about how they cannot only make sure their current systems better protect user privacy and autonomy, but how artificially intelligence systems they are using can have ethical alignment built in by design", said Ms McEvoy. At the most basic level, one can imagine that algorithms are used to maximize user engagement.
Another option may be to cut back on some of the features that Facebook is providing. In other words, it provides the truck for transport and is not responsible for the zombies, vampires and reptiles that climb on board.
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Unfortunately, existing regulations aren't suited to deal with the privacy issues at stake and new regulations are only going to protect certain citizens in certain pockets of the world. An easy start would be to adopt the EU's GDPR rules in the US. Zuckerberg would not admit he feels like a monopoly, but he couldn't name a true competitor. And Facebook's plan - notifying users whose data were shared and teaching others how to "secure their account and data" - is like shutting the barn door after the horse has bolted.
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