Facebook Pays $7.3M for Extra Zuckerberg Need

17 April, 2018, 00:01 | Author: Darnell Taylor
  • Facebook Pays $7.3M for Extra Zuckerberg Need

Facebook's founder and CEO Mark Zuckerberg admitted in Congress last week that Facebook is spying on non-users by recording their web browsing history.

Facebook, along with Google, Apple and Microsoft, is a tech behemoth whose operations touch nearly every aspect of our daily lives. This data was then used to build profiles of voters that have formed part of election influencing software.

We've already learned quite a bit from Mark Zuckerberg's grilling on Capitol Hill. If we are truly concerned about technology's impact on our wellbeing, we should question ourselves. But I'm a tech columnist. There's plenty to criticize. In its proxy, Facebook says it does "not consider Mr. Zuckerberg's overall security to be a perquisite for his benefit", but now discloses the costs as "all other" compensation in the company's proxy. While he'd have us believe that Facebook is merely a platform that enables people to "connect", anyone who has used Facebook for more than five minutes should know that just isn't true.

If you happen to check your Facebook account at your local Starbucks while in the process of sharing its network with 30 other people, and if one of them happens to be a hacker running a programme called Firesheep, the hacker could use the plug-in to log in as you on your account and assume your identity. Just for the month of January 2017, Facebook had to assess almost 54,000 potential cases of revenge pornography and "sextortion", disabling more than 14,000 accounts and with 33 cases reviewed involving children. To use a fancy word, it "curates" our news and other information.

"I dunno what it is about Zuckerberg that makes the alien/robot etc comparisons so easy, I think it's the bug eyes and ears and complexion", wrote another. So you are not going to allow a new fresh innovative company to fail.

But, even more insane is that people are doing this voluntarily. Facebook has the opportunity to let us decide how we compensate it for social networking. Not if we are our own captors. And both of them are significant and should be considered so if we are make any headway.

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People have the ability to share a wide variety of content on Facebook.

The main theme of both hearings seems to be that US lawmakers are quite unfamiliar with not only Facebook but also the business models and intricacies of similar tech and social media companies.

In the end the hearings were lackluster despite couple of good points as they failed to get concrete answers from Zuckerberg. In 2016, Bloomberg reported that the company disclosed what it had spent on Zuckerberg's personal security for 2013, 2014 and 2015 for the first time after questions from the U.S. Securities and Exchange Commission. In fact, Facebook stock went up 4.5 percent when the congressional play began.

"Every time new privacy settings are put in place, we'll find new ways to innovate, ' said the GOP consultant, who asked not to be named".

In other words, Facebook continues to hold numerous cards despite the recent scandal. If Facebook charged each of the 1.2 billion monthly active users $2.99 a year (about 1 day's worth of Starbucks Latte) - for an ad-free Facebook, the company could pull in $3.58 billion annually.

When he got home and checked Facebook, Nesbitt discovered a message rejecting his post per the ad policies. John holds degrees from Trinity Evangelical Divinity School (IL) and Bryan College (TN), and is the co-author of Making Sense of Your World: A Biblical Worldview.

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