Privacy

As a social network, Facebook is inherently at odds with private, secure communications – its business model is built on harvesting people’s information. And it’s not just that Facebook’s business model is built around what are effectively privacy violations: recent articles have revealed that Facebook lacks transparency and accountability towards its users. In short, this is a company that should not be producing private, secure communications.

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Cyber Security

When Mark Zuckerberg announced at the beginning of the month that Facebook will shift its focus to privacy-focused communications, the announcement was rightly met with skepticism. Facebook’s business model, after all, is built around targeting advertisements to users based on their information. Compound this with the various privacy scandals that have plagued Facebook in the last few years—from Cambridge Analytica misusing up to 50 million users’ data to massive data breaches—and the company’s decision to shift its focus to privacy seems positively disingenuous.

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Facebook has been in the news lately, causing its stock value to fluctuate since the 3/16 announcement that it was suspending Cambridge Analytica because of unauthorized access and use of Facebook’s user data. Due to this revelation, the CEO of the company, Mark Zuckerberg, spent two grueling days testifying before Congress to defend his company’s processes, technology and actions. When he was asked, “would you be comfortable sharing the name of your hotel?” he said “no” – ironic given that Facebook tracks its users’ locations. One of the many events that prompted the testimonySEE DETAILS
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Enterprise

On December 10, 2016, Two articles in the business section of the Wall Street Journal caught my eye. The first article concerned well known Facebook in an article named “Facebook Investors Press Suit On Shares”. It is of particular interest, in that it suggests that “Facebook Inc’s move to change its capital structure was tainted by secret text messages and meddling from financial advisers that pointed to a process rife with conflict of interest…”.

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