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techkenyot.com April 24, 2018


How Much Could Facebook Charge For Non-Ad-Supported Version?

17 April 2018, 10:12 | Edward Lowe

How Much Could Facebook Charge For Non-Ad-Supported Version?

How Much Could Facebook Charge For Non-Ad-Supported Version?

Privacy concerns have swamped Facebook since it acknowledged last month that information about millions of users wrongly ended up in the hands of political consultancy Cambridge Analytica, a firm that has counted U.S. President Donald Trump's 2016 electoral campaign among its clients.

It took about 600 questions during 10 hours of hearings for the American public to learn last week that most of the septuagenarians and octogenarians in the U.S. Congress do not understand social media in general, and Facebook specifically.

The 2011 agreement bound Facebook to a 20-year privacy commitment, and any violations of that pact could cost Facebook billions; yes, that's billions with a "b".

"We've got to fix that", Representative Luján, a Democrat, told Zuckerberg, calling for such disclosure, a move that would have unclear effects on the company's ability to target ads.

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"You're the CEO of the company, you entered into a consent decree and you don't remember if you had a financial penalty?" she asked.

Facebook CEO and founder Mark Zuckerberg's compensation reached $8.9 million in 2017, up by 54% from the year before, largely due to expenses related to personal security, a filing from the company showed.

For 689,000 users, they tweaked the algorithm running their news feeds so that it would display either slight more or slightly less status updates from friends that contained positive or negative words.

Since the average length of a Facebook update is 11 words you can see that the results of this "psychological manipulation" test were tiny.

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For example, a few years back Facebook opened the accounts of nearly 600,000 members to manipulation to find out how easily one could change the feelings of uses of Facebook, this was part and parcel of the Central Intelligence Agency activity.

The current FTC investigation will look at whether Facebook engaged in "unfair acts" that cause "substantial injury" to consumers.

Facebook does have a page for non-Facebook users to access data collected on them, however, it requires a Facebook account to access it. Two days of testimony didn't change his mind. In addition, Mr. Zuckerberg uses private aircraft for personal travel in connection with his overall security program. The best managers hire and promote people capable of taking on greater responsibility, then delegate responsibility to those people. "Maybe we can imitate that and have Facebook's facilities here", he mentioned to The Manila Times in a phone interview over the weekend.

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