Facebook ads apologize for Cambridge Analytica scandal

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The Cambridge Analytica controversy makes clear the company has not kept its word.

The apology is formally signed off by the 33-year-old Facebook chief. Four out of 2017's most-downloaded iOS apps are all owned by Facebook.

Born in NY, the computer programmer shot to notoriety after building a social network with his buddies at Harvard University that grew to eclipse all others in the West, and in the process he has gained a reputation for a ruthlessness not uncommon among titans of industry. "Each of the Defendants consciously and deliberately breached their fiduciary duties of candor, good faith, loyalty and reasonable inquiry to Facebook and its stockholders by failing to act to ensure Facebook maintained adequate internal controls to comply with the consent order and other applicable laws", the complaint states.

"One of the secrets of Facebook's success has been that the more people who use Facebook, the more integral it becomes to its customers".

According to him, stories about Facebook's ruthlessness are legend in Silicon Valley, New York, and Hollywood. Facebook has 2.2 billion users globally, and for many of them, the social platform is synonymous with the internet itself.

Facebook is also an anti-friend because you can not count on the company to keep its word. A few weeks later Facebook brought out a new product that copied the smaller rival's idea.

For a CEO, "you don't wait five days to come out when you have a crisis".

Deleting Facebook accounts won't stop the firm being a powerful data-gathering entity.

As Nick Bilton put it, "from a business standpoint, Facebook's barbarism seemed to work out well for the company". Sometimes he even does it in Latin. For billions of people it is the social fabric that ties us together. For information about removing this data, contact the developer, Facebook advises.

But the approach has also resulted in a very long list of public apologies being issued by its CEO, culminating in the most recent.

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The ongoing Cambridge Analytica scandal has left Facebook reeling as the enormo social media service attempts to navigate the fallout over the alleged theft of data on 50 million users.

"We can not continue to prop up a digital supply chain. which at times is little better than a swamp in terms of its transparency", said Unilever marketing boss Keith Weed. Kirkpatrick explained in an interview with Cheddar Friday.

It illicitly obtained information from as many as 50 million Facebook profiles by abusing Facebook's data-sharing features.

From the company's perspective, the baby steps make ideal sense.

Limits on the amount of data that apps get when you sign in using Facebook. Something it has been desperately fighting against in Europe. Staff members asked questions about how Mr. Zuckerberg planned to regain user trust, especially in light of the #DeleteFacebook campaign from users, the two employees said.

Professor Moira Paterson from Monash University says despite a level of awareness about privacy settings, Australians can be "a little bit naive" when it comes to online content.

"I think there are things like ads transparency regulation that I would love to see", he told CNN this week.

On the same day Facebook bought ads in USA and British newspapers to apologize for the Cambridge Analytica scandal, the social media site faced new questions about collecting phone numbers and text messages from Android devices. They say the data is used "to improve people's experience across Facebook" by helping to connect with others.

"I had a $152 price target on Facebook for 2018 - and that was before the events of this week".

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