Facebook Is Having A Very Rough Week...
...and it couldn't happen to a better company.
Source
This week, we are seeing things come out that many suspected about Facebook and now are being substantiated. It is a situation that keeps on growing, a fact that might get the wrong ones looking, at least from the company's standpoint.
We all know about the outage that took place the other day. While the company maintains that it was an internal error, many believe there was a hack that took place. If this is true, that means a hacker took down one of the most powerful digital organizations in the world. The fact that things were out for 6 hours means it is likely more than some type of internal glitch.
Whistleblower Fight
Another issue that arose for the company is Frances Haugen, who testified in front of Congress. One of the biggest revelations is how Facebook hid its data about how their platforms impact children, especially young girls.
This was a revelation that got Senator Edward Mackey calling her “a 21st-century American hero”. Here is a position one does not really want to be against as a company.
Of course, that did not stop Facebook from trying to smear the whistleblower. They pulled out the standard playbook, without much result. It is a common tactic, one used without success by Big Tobacco.
Like Wigand, Haugen has receipts: internal documents and data from Facebook’s own researchers, all of which make for serious and supported claims about the platform’s harms and choices the company made to maximize profit and engagement in ways that would increase those harms. It is possible to contend with her allegations on the merits, but Facebook is too immoral for that — and Zuckerberg has decided he is above it, instead going on vacation.
It seems he is not too worried. In a situation like this, acknowledging the whistleblower can only provide validity to what is being said. Hence, best to ignore this while issuing official statements demeaning her.
There is one problem. This was substantiated by someone above her.
Source
Who is this guy? Only her boss' boss.
User Data For Sale
Then there is the issue of 1.5 billion users data for sale online.
Facebook was always known to be loosy'goosy with people's data. In fact, there might not be a mega-tech company that is worse at securing people's data than Facebook. Nevertheless, that never stopped the company from continue to mine all it can.
Now we find out that the data of 1.5 billion users is for sale on a hacker forum. It is important to note this is not part of a breach. Instead, it is the compiling of what can be found online.
Reported by privacy research company Privacy Affairs, the data found for sale doesn't indicate that the seller actually broke into Facebook's systems, nor that its data tied to any other data breach. Instead, Privacy Affairs said that the data was allegedly obtained by scraping publicly available data shared by Facebook users.
This should not make anyone feel any better. There is still personal information for sale that is only available because of the way Facebook operates.
Privacy Affairs said the data they examined from samples provided on the forums appears to be legitimate. The seller claims their group has been in operation for at least the past four years and has served more than 18,000 clients in that time. Cross-checking the data against known Facebook leaks didn't bring up any matches, which Privacy Affairs said could indicate that this is all new, but legitimate, data.
The data exposed in this leak, if authentic, "may constitute one of the biggest and most significant Facebook data dumps to date," Privacy Affairs founder and CEO Miklos Zoltan said.
Taken in isolation, this might not be the worst thing in the world. After all, most are aware that Facebook is one of the biggest data whores going. They will sell it to anyone and, evidently, post a great deal out there for people to see.
When we add this on top of the other events for the week, it is just a mounting pile for them to try to dig out from under.
Loss Of Reputation
For many, the idea of holding Facebook in any esteem seems absurd. However, billions of people around the world willingly use their applications.
We might be seeing the winds change a bit. The company is now facing a hit to their reputation. This is something that was mounting and a tone deaf company tends not to do well in the long run. Many lost touch, believing they were above reproach. While this could be the case with regulators and political members, markets as well as users have a way of altering that pattern themselves.
It is no secret that Zuckerberg is out of touch with reality. He was, according to reports, always social inept and has run the company from that perspective. This means that it all starts with him, especially since he is the majority shareholder.
Ultimately, he could be blinded by his own obtuseness. For now, it appears that Facebook is taking a hit to its reputation that it might not be able to recover from. Many companies faced public rejection once a freefall like this started.
There is no doubt that Facebook is a behemoth. They are an entity that, like most mega tech companies, can simply keep growing, almost on autopilot. Of course, events like these could derail a company quickly. If nothing else, it does open the door for other players to try and step through.
Then to top things off, there appears to be some confusion about Facebook's status with its work from home situation.
https://www.techradar.com/uk/news/facebook-ends-wfh-forever-rule-after-mega-outage
We all hope Zuckerberg is having a restful vacation.
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Who needs Facebook when you've got Hive?
I have not use Facebook years... and I not going to use it also in nexy 30 years too 🤗👌👌👌👌🍷 ... and I was stop use also Twitter 2 years back too and it feels good. .
The only reason to go on them, in my opinion, is to try and bring people to Web 3.0. Outside of that, they serve no purpose.
Once we have viable alternatives, then we can really have a go after their user bases.
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True :)
I like the sentiment but, truthfully, Hive does not have much offering in the social media realm right now. It is mostly blogging in that arena (gaming is starting to take off).
We need SpkNetwork and #ProjectBlank to roll out. Then we will be at another level.
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Is SpkNetwork and ProjectBlank going to be Twitter like? I really like Twitter and I spend too much time there. The trolling is glorious!
Sorry, out of BEER, please retry later...
SEC been too busy focusing on Crypto that for years they let Facebook and other social media platforms get away with significant harm, profiteering and dodgy business practices like establishing HQ in Ireland to avoid paying tax.
They're literally stealing user data and profiting off people. That money generated should be paid to those people. They are providing a service worth Billions to Zuck and get nothing in return.
More reasons why they should all come here. No crappy algorithms or data mining.
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That is not under the SEC and, besides, it isnt illegal according to US law.
No they arent. People are freely giving it to them. They opt to log onto Facebook and Twitter.
Why should they have to pay them? When people sign on voluntarily, and the company profits, why should they give that back to the users?
I agree with this. I choose to spend my time here and not to enrich the likes of Zuckerberg.
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Where the counter points raised are true not everyone can understand the legalities set out in the terms and conditions. In regards to why should they have to spend tax there. The question should be, why don't you have the option to stop paying tax where you are and shift to a tax evasive nation. If you can't do it, why should business?
they are too busy looking for bad crypto loopholes, that they forget that non-blockchain-based social media is really very vulnerable
Only vulnerable if we build something that will take it down.
So far, we are still lagging in the development department.
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although it was rough for mark Zuckerberg but manage to cover the issue. he is a real genius,he knows when to stay low key and when to pull the trigger.
Time will tell how well this issue is covered. True he didnt add fuel to the fire but it is far from being resolved.
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Well I would like more transparency in Facebook but it seems like Congress is trying to decide the answer to a different question: more censorship or not? Either way I don't think it looks good for us and Zuckerberg is a really slimy person. The way he refuses to give an answer when he is questioned by Congress and under oath.
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I really dont think those in Congress really have a clue what is going on. They seem to spend more time grandstanding than anything else.
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Of course they grandstand. Once an issue is solved, they cant use that issue again to score points for their voters.
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Yes i don't know what caused the server downtime. However if this provides a means for more projects and companies to demonopolize facebook i'd think that a good thing. Now as far as how facebook sells your data. I'd need more clarity on that. My understanding is they don't directly like take your personal info and sell it to the highest bidder. it's more like how google does it. They kinda match up your interest to the advertising in their networks. So i don't think it's like they take your email and your name is Scott and they sell it to Dan.
Evenso, i believe this should be the options of the users if they wanna have their info monetized. It also should be that they are fairly compensated for it. So i don't think it's like a narrative of throw the baby out with the bath water. That everyone who can profit from data is bad.
I think that's a very narrow view of it. I think it's more like data is oil of the 21st century and if i decide i want your network to sell it. I need to be compensated fairly for it like everyone else and that it doesn't just end up in the pockets of the investors or board or zuckerberg. If i'm one of those people that are into the deep state government and i want all my info private. I should have that right as well.
Now facebook alone couldn't sustain that. What would be better is several big networks emerge like it use to be in the old days. In the old days it was quite a few big social networks lol. So i think that would be more idea.
I think this just will allow more opportunity for projects like bitcoin myk that have similar features to facebook but pays it users fairly not based on selling their data but just from their own promotion and the value of ads that come through the network. Now there does have to be some leighway even in facebook's case they have purchased tons of servers and expend alot of electricity and we use the network. They will need a way to pay for these services provided however there are fair and transparent ways to do it that i think much of the population will agree with.
The bottomline is nobody wants to use the second best social network. They just don't. if i wanna reach a billion people. I'm not going to do that on networks that only serve the interest of a few people no matter how good the narratives are. If only a few people at the top get served or the opportunities and advantageous seemingly sway to them. Most people are never going to use that network. So what networks function that way my advise to them would be don't. They don't have to listen to me but i'm sure they will see the result of what happens when they don't hold their base to high esteem.
This will just open up peoples eyes to there are better networks based on merit like bitcoin myk that takes care of it's people in a fair and equitable way. Which is how social networks should work. We make the networks and content. This not like coca cola where the company has to go out and buy sugar contracts and corn syrup to sell you a bottle of coca cola. This is a network mostly gaining value based directly on us as participants. In this attention value economy. So it's only fair everyone in that network who's giving that time creating that value be compensated. The fact facebook and just about every other network in crypto out of crypto or otherwise don't do that. Shows me they don't really appreciate their base.
Eventually the people are going to wake up. How we use social media now will be not only a thing of the past but people will wonder why we were so dumb. So that is set to end. It's no way that can go on. So this is good and people will wake up. it's just one catastrophy away from them doing that. When they do you'll see them all on projects like bitcoin myk. You won't see them on pyramid like projects top up bottom down.
They will be too smart for that.
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I agree people will eventually wake up. It just depends upon what generation.
The Boomers are not savoy enough in this arena. Is Gen X? Some are, many are not. Millennials? That is probable the level it starts at.
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The baby boomer generation it would need to happen a different way for them. The baby boomers have embraced networks like facebook they are online. They just aren't crypto sophisticated in that sense. The baby boomer generation are the same people walking around still talking about bitcoin is a scam and still feel every crypto out there is bitcoin lol. They think they all bitcoin.
So that's the baby boomer generation. Now the thing is they know how to use social media and are frequently on facebook and twitter etc., We got to see even Donald Trump was quite adequate in his use of twitter. So it's not that they don't use tech, it's that they can't use overcomplicated tech. Let's face it most of crypto is overcomplicated beyond where it needs to be anyway.
Even like here on hive and dpos. It's a ton of moving parts and we need to focus on developing systems for the community not for developers. This not ethereum. Even that dhf proposal system if you look at that system they always working on backend development. You need to be working on backend development when you got a big network of people. So they need to be working on more user friendly wallets and applications.
They need to be working on more community outreach and social media influencer collaborations. Then they can be working on congested network problems and backend work. We don't need that until we get to that point.
That's why i know bitcoin myk is like light years in this ahead of most projects. When the cross happens people want to use systems they are already familiar with. What is that? that is facebook, twitter, cash app like systems. That's how blockchain systems should be developed to bring people in.
if you have like something like hive or steem. You got 3 different economic models in one. You got the hbd.. hive and hive power. That's alot going on lol. So such systems they won't speak to much of anyone who doesn't have the time to understand them in a very busy world. People want easy. Then you have the community people that say oh they need to learn complicated stuff.
No they don't. Nobody needs to learn complicated blockchain stuff. Developers have the responsibility to make these things easier to understand and more user friendly. When have we ever had to learn complicated stuff? I don't know how to build a tv but i watch them since i was born on the earth. Still don't know how to build one. So that doesn't make any sense for people in this space to think that.
Boomers do use technology and they use it well. We have to make these concepts congruent with their values that already exist. Bitcoin MYK does that. It's a no brainer. If bitcoin myk had the marketing budget and given the choice. People would pick btcmyk over your projects everyday. You know why? Because it looks like things they already know how to use.
A boomer doesn't wanna feel dumb or stupid. If you try to push tech on him he doesn't understand he's going to prefer to go with the narrative cryptos are a scam. That's how it works. if he understands it and feels smart he going to use it. lol
That's why if given a choice and everyone knows it. Most people would choose btcmyk over your systems. Only reason they don't do it now because btcmyk has to have gatekeeper to hold it at bay. So we'll constantly have people trying to hack us and exploit us discredit us. Because everyone knows if they don't do that. if that doesn't happen everyone will prefer btcmyk systems to the alternative. it's going to be many btcmyk sites but they'll be based on the same concept and that is integrating systems people already use into the blockchain. That's what makes sense to people. All people
So baby boomers can pick up btcmyk. They can pick it up just like they pick up facebook and twitter and all those systems. So they likely will as we gain more momentum. However the millenials do seem to be embracing crypto. So it will be second nature for them. However i also believe the millenials and future generations coming in with a different economic mindset altogether. They coming in with for the most part save the environment. Energy consumption, better economic models that serve everybody that's why andrew yang had such a big social media presence with his ubi policies something we never seen before.
So like an oracle i can easily predict what this future will look like. It's not going to look like what many of you all think still practicing 20th century economics .. watching the stockmarket .. watching companies. It's not going to look like any of that because nobody is going to continue to care about any of that. Technology makes people smarter. it does so it's going to follow that they are going to start to ponder philosophical questions like what is the purpose of this technology adn the currencies we create.
They will eventually come to the conclusion it's not to give some of you complete control over our economy. if it does that they going to just create systems where that can't happen. It's no longer going to be any justification on any false concept of freedom about why that should be allowed. It may have been able to do that in the 20th century and maybe there were reasons it had to do that. However in the 21st century none of those reasons will make any sense.
So it's not so much that boomers don't wanna accept these type systems. We've overcomplicated them It's alot to do with developers are economist. They aren't psychologist. They aren't necessarily business people. They aren't philosopers. They may not be any of these things. So the space will evolve when the proper areas are designated to the proper people and it will speak to all of the people in terms they can understand.
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Their users however still feel like sharing every damn personal detail with the company. Ditched the blue pill over four years ago and don't plan on ever getting back to it.
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