Facebook stock seems to have found a (temporary bottom) after losing 12% since the scandal broke as CEO Zuckerberg admitted that ‘mistakes have been made’.
However, with his FANG friends (FANG is the acronym which stands for the stocks Facebook, Amazon, Netflix and Google) also dropping, Mr Zuckerberg may have gotten more ‘unliked’ than he wanted to.
Related coverage: https://thegoldwater.com/news/21091-Facebook-Falls-Further-As-FTC-Declares-Fines-Of-40k-Per-Affected-User-Possible
"I'm really sorry that this happened. I wish we'd taken those steps earlier. That … is probably the biggest mistake that we made here," Mr Zuckerberg said in an apology interview.
<blockquote class="twitter-video" data-lang="en"><p lang="en" dir="ltr">Facebook CEO Mark Zuckerberg on the Cambridge Analytica scandal: "This was a major breach of trust, and I'm really sorry that this happened" <a href="https://t.co/hpduqQB2r0">https://t.co/hpduqQB2r0</a> <a href="https://t.co/gIhL00FlMY">pic.twitter.com/gIhL00FlMY</a></p>— CNN (@CNN) <a href="https://twitter.com/CNN/status/976628598357475328?ref_src=twsrc%5Etfw">March 22, 2018</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
But, whereas yesterday the Whatsapp co-founder tweeted out the #deleteFacebook hashtag, meaning it was time for social media users to start visiting other platforms, the unrest seems to be spreading to other silicon valley behemoths as well.
Related coverage: https://thegoldwater.com/news/21021-Twitter-Stocks-Plummet-Amidst-Social-Media-Sphere-Implosion
With governments around the world understanding the importance of people’s private data and its value for future sales of any product, more and more voices are going up to regulate the tech majors, which is causing investors to take a second look at the FANG stocks and seeing whether or not they want to further invest.
<blockquote class="twitter-video" data-lang="en"><p lang="en" dir="ltr">You should ask Zuckerberg how he managed to make millions by selling off FB stock prior to data news hit! 👇🏻<br>.<a href="https://twitter.com/repgregwalden?ref_src=twsrc%5Etfw">@repgregwalden</a>: "We're… having our staff meet with Facebook folks today, they're briefing our staff. We asked them to come in and do that."<br><br> <a href="https://t.co/VJMTfW47At">pic.twitter.com/VJMTfW47At</a></p>— TrumpsBlonde™️ For #Jillian🌹 (@TrumpsBlonde) <a href="https://twitter.com/TrumpsBlonde/status/976490011368574978?ref_src=twsrc%5Etfw">March 21, 2018</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
Though it is easy to understand how your Facebook data over a period of several years can be used against you, most people underestimate the shopping habits on Amazon and the watching habits on Netflix for example that all tell companies something about yourself.
In this day and age, data is too important an asset to be played around with and governments are starting to grasp that thanks to the Facebook scandal.
Source:
https://www.wired.com/story/what-would-regulating-facebook-look-like/
Twitter: #QAnon #news #USA #Maga #Trump #Facebook #ThursdayThoughts #WorldWaterDay
Down is the correct direction for these vampire empires!! Excellent keep dumping the FANG stocks as fast as possible. These massive organizations need to be scattered to the wind.