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From the Wall Street Journal: Facebook's real problem? No one trusts it anymore
Archived series ("Inactive feed" status)
When? This feed was archived on December 07, 2018 01:58 (). Last successful fetch was on October 14, 2020 05:12 ()
Why? Inactive feed status. Our servers were unable to retrieve a valid podcast feed for a sustained period.
What now? You might be able to find a more up-to-date version using the search function. This series will no longer be checked for updates. If you believe this to be in error, please check if the publisher's feed link below is valid and contact support to request the feed be restored or if you have any other concerns about this.
Manage episode 201637395 series 2078207
Facebook has lost about $60 billion in market cap so far this week on the back of startling revelations about the misuse of user data. But the problem runs deeper than some missteps with Cambridge Analytica. Facebook has been under fire for around two years for a related string of scandals ranging from fake news to election meddling to privacy blunders. On Wednesday, the founder of WhatsApp, which Facebook purchased a few years ago for $19 billion told his Twitter followers that it's time to delete Facebook. The basic problem, it seems, is that Facebook cannot be trusted. More and more users are holding back on Facebook, unsure of how safe or sensible it is to share information with the company or to believe information they see on the platform. This has the potential to be a more serious, long-term problem than this week’s share price correction.
See omnystudio.com/listener for privacy information.
1628 episodes
Archived series ("Inactive feed" status)
When? This feed was archived on December 07, 2018 01:58 (). Last successful fetch was on October 14, 2020 05:12 ()
Why? Inactive feed status. Our servers were unable to retrieve a valid podcast feed for a sustained period.
What now? You might be able to find a more up-to-date version using the search function. This series will no longer be checked for updates. If you believe this to be in error, please check if the publisher's feed link below is valid and contact support to request the feed be restored or if you have any other concerns about this.
Manage episode 201637395 series 2078207
Facebook has lost about $60 billion in market cap so far this week on the back of startling revelations about the misuse of user data. But the problem runs deeper than some missteps with Cambridge Analytica. Facebook has been under fire for around two years for a related string of scandals ranging from fake news to election meddling to privacy blunders. On Wednesday, the founder of WhatsApp, which Facebook purchased a few years ago for $19 billion told his Twitter followers that it's time to delete Facebook. The basic problem, it seems, is that Facebook cannot be trusted. More and more users are holding back on Facebook, unsure of how safe or sensible it is to share information with the company or to believe information they see on the platform. This has the potential to be a more serious, long-term problem than this week’s share price correction.
See omnystudio.com/listener for privacy information.
1628 episodes
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