Due to Facebook’s lack of interest in user privacy (and related problems with hate speech and propaganda), Congress is poised to regulate the tech sector, starting with social media companies.
FB share price falls to below $136, approaching 2016 levels.
If all it took was a few million dollars and about 100 people to throw an election, why did U.S. presidential candidates spend billions on U.S. media advertising?
A “star” reporter and editor at Der Spiegel has admitted to fabricating his stories over a period of many years. He was the four time winner of Germany’s “Reporter of the Year” award and a two time winner of CNN’s Journalist of the Year. Yet the journalists who selected the winner never saw problems. Think of the role that such fake news plays in shaping public opinion, and its sharing on social media as part of propaganda campaigns.
Facebook, in spite of all its public lies public comments about privacy, was giving away our personal data including access to private messages to big tech companies like Bing, Netflix, Spotify, Amazon, and Yahoo.