Facebook will reveal the 87 million accounts affected by the privacy violation. They could face huge fines over its data use, in theory it could be trillions. They still haven’t owned up to the wholesale transfer of user data to the Russians through the Trump campaign. The Trump campaign, with the eager assistance of Putin himself, managed to gather up data possibly on every user by encouraging people to take individually tailored surveys while using their Facebook ID, which gave the campaign not only access to their data, but data on their Facebook friends. Which apparently included every US user. Yet even now, no one is pressuring Facebook executives to explain what happened to all that data the Trump campaign collected for the Russians. No one is calling on Facebook to send messages to its users letting them know if Trump’s data mavens hoovered up their information. If Facebook is going to come clean about its privacy problems, it can’t ignore the collusion between Trump and Russia.
I suspect that the only functional solution is to force FB to install a total Opt Out switch that eliminates ALL data collection.
And the only way they could financially survive it would be to charge the user for that option. The price would be more than you might expect. Supposedly FB earns an average of about $25 per member per year. The income is generated by direct sale of data or revenues from targeted advertising sent to the member.
Assume that FB charged $50 a year for an opt-out. It would be a financial disaster for the company. How many of you would pay the $50?
Once you all opt out, who will be left in the data collection pool? Mostly people who can’t afford the $50 payment. People who are utterly worthless to advertisers.
Its a Catch-22 for FB. The higher the fee the fewer who will pay it….but….those who do pay are the most sought after advertising targets. Make the fee lower and you get more fee revenue but lose more data sources.
The best solution might be for FB to just covert over to a pure user fee based platform with 2 levels. Basic, at maybe $5 per month, that allows advertising, and premium for $15-$20 per month with no advertising.
FB could then supplement revenues with targeted advertising using far less data. Perhaps limit it to zip codes as the smallest divisible ad space.
Oh.. we’re getting closer and closer to a shootin’ war with Russia… the administration is a chaotic cesspool of corruption… this country is lurching towards deeper racial tensions & violence… we’re still chasing ghosts across the deserts of Afghanistan… a trade war is brewing between US & China…
Oh.. we’re getting closer and closer to a shootin’ war with Russia… the administration is a chaotic cesspool of corruption… this country is lurching towards deeper racial tensions & violence… we’re still chasing ghosts across the deserts of Afghanistan… a trade war is brewing between US & China…So, let’s go after Face Book! We need the circus to distract us from real problems!
Mr. Blawt about 6 years ago
Facebook will reveal the 87 million accounts affected by the privacy violation. They could face huge fines over its data use, in theory it could be trillions. They still haven’t owned up to the wholesale transfer of user data to the Russians through the Trump campaign. The Trump campaign, with the eager assistance of Putin himself, managed to gather up data possibly on every user by encouraging people to take individually tailored surveys while using their Facebook ID, which gave the campaign not only access to their data, but data on their Facebook friends. Which apparently included every US user. Yet even now, no one is pressuring Facebook executives to explain what happened to all that data the Trump campaign collected for the Russians. No one is calling on Facebook to send messages to its users letting them know if Trump’s data mavens hoovered up their information. If Facebook is going to come clean about its privacy problems, it can’t ignore the collusion between Trump and Russia.
halvincobbes Premium Member about 6 years ago
The real culprit is Cambridge Analytica, who’s in bed with the GOP. Gee, I wonder why they’re going after Facebook?
Andylit Premium Member about 6 years ago
I suspect that the only functional solution is to force FB to install a total Opt Out switch that eliminates ALL data collection.
And the only way they could financially survive it would be to charge the user for that option. The price would be more than you might expect. Supposedly FB earns an average of about $25 per member per year. The income is generated by direct sale of data or revenues from targeted advertising sent to the member.
Assume that FB charged $50 a year for an opt-out. It would be a financial disaster for the company. How many of you would pay the $50?
Once you all opt out, who will be left in the data collection pool? Mostly people who can’t afford the $50 payment. People who are utterly worthless to advertisers.
Its a Catch-22 for FB. The higher the fee the fewer who will pay it….but….those who do pay are the most sought after advertising targets. Make the fee lower and you get more fee revenue but lose more data sources.
The best solution might be for FB to just covert over to a pure user fee based platform with 2 levels. Basic, at maybe $5 per month, that allows advertising, and premium for $15-$20 per month with no advertising.
FB could then supplement revenues with targeted advertising using far less data. Perhaps limit it to zip codes as the smallest divisible ad space.
superposition about 6 years ago
https://www.forbes.com/sites/erikkobayashisolomon/2018/04/11/facebook-fb-under-attack-but-under-valued/#2cafbdfc241f
gigagrouch about 6 years ago
Oh.. we’re getting closer and closer to a shootin’ war with Russia… the administration is a chaotic cesspool of corruption… this country is lurching towards deeper racial tensions & violence… we’re still chasing ghosts across the deserts of Afghanistan… a trade war is brewing between US & China…
Oh.. we’re getting closer and closer to a shootin’ war with Russia… the administration is a chaotic cesspool of corruption… this country is lurching towards deeper racial tensions & violence… we’re still chasing ghosts across the deserts of Afghanistan… a trade war is brewing between US & China…So, let’s go after Face Book! We need the circus to distract us from real problems!
harry3540 about 6 years ago
Missing something….oh yes, the money flowers exploding out of th ears.