Exactly. That's why they must be regulated. Pharma companies, food companies, and airlines, to mention three, have the same sorts of characteristics in their businesses.
Examples: Airlines have regulations because the typical user has no way to evaluate maintenance regimes or navigation procedures. The big information-hoovering dotcoms need the same sorts of regulations for the same sorts of reasons. "We obtained user permission" needs to be a stronger claim than "we tricked users into checking a box."
But because European politicians have some integrity left and internet is inherently global, most internet companies need to do these for everyone.
Yes, it’s not perfect, but a great first step.
Having that in mind, the project Gutenberg lawsuit makes sense. Imagine a service that copies a requested book and sends you that copy, all by postal services. If that company shipped into a country where the book in question stills protected by copyright, then it is clear that there will be legal action.
If regulations were introduced because of users not knowing what's good and beautiful, believe me, IT industry would be the most regulated thing in the world.
a social media platform that can be used to organize and manipulate hundreds of millions of people globally is far more dangerous than any airplane.
The formula is simple: promote emotionally powerful events that support your agenda, ignore events that inspire feelings counter to your agenda, deify supporters, demonize opponents, censor and ostracize anyone who speaks against the agenda.
That formula has led nations to war, sent innocent people to prison, changed laws, overthrown governments, led to acts of terror, and caused hundreds of millions (perhaps billions) of deaths throughout history.
But with digital information replacing newspapers, magazines, and TV, and with access to digital information being filtered through a handful of companies, those companies have immense power approaching that of governments that strictly regulate the media.
I don't agree with GP's assessment that users "haven't realized" but I do agree that the "majority however won't care". So why regulate if a majority of people are ok with it? They're not too stupid, they just don't prioritize the way some here do. Doesn't have to be a law to force them to prioritize this way. This false equivalence to expertise of airplane mechanics is completely different in a security context and these kinds of analogies only help to make others want to dismiss the point quicker. You want to regulate transparency, ok. But if some accept these things, let them.
While I agree that most people aren't stupid, I would argue that many people are ignorant. They simply don't know why they should care, probably due to a lack of understanding what it means for a company to have a copy of their data, and what that could enable those companies to do and figure out.
If that's true, solve that problem directly via education and enforcing transparency. There are also other solutions such as grants w/ stipulations, enforcement of existing fraud statutes, etc.
Let's assume there are 3 segments of people here: 1) the ignorant, 2) the non-ignorant accepting, and the 3) non-ignorant unaccepting. We have to stop letting #3 (arguably the smallest group but probably consisting of most here) run the show wrt to laws. There are too many consequences to pieces of legislation that all of us business owners have to conform to regardless of whether it is targeted to us. Most often we don't even recognize the consequences because we are so focused on how good we're going to do and how much we're going to help everyone. I dub it digital security theater.
This doesn't always apply. Should car regulations be abolished in favor of educating the ignorant?
Google plus failed, so why wouldn't Facebook eventually do so also? The youth don't have Facebook, it's mostly the 20-40 year olds who do. This 20-40 generation follow the mainstream media news and most of them are capable of realizing the harm in not protecting ones own privacy. Also, the current theme of news regarding social media is that it's being seen as a threat to democracy due to the ease of massive manipulation through political propaganda. A huge attack! Threaten democracy and the people will hate it.
Facebook does have the network effect, so killing its network effect will be much more difficult.
Google have contributed to privacy issues, e.g. with poor permission management.
It's not a ideal solution however. If as a society we have decided social networks are important a not for profit, or decentralised federated scheme is probably the way to go.
Oooh if only Apple did "social" apps well; they are famously not-so-great at doing them, I'm not sure where that comes from at root though.
Shooting from the hip: Maybe their intense internal secrecy translates into a worldview where the hyper-focus on the 1:1 relationship with their customer obscures their ability to see how their customers (and potential non-customers!) could interact; might even be dangerous.
Is your friend into tech news a lot? If not maybe that's why it wasn't shown. The only people I know who care about this story are tech people.
Don't like CNN nor FOX but still skim them for news, articles not TV nor videos.
Facebook's revenue is almost exclusively from advertising. Advertising costs on Facebook depend on reach, PPM, and/or PPC. Facebook advertisers don't pay for "active users" or even "users" -- they pay for PPM/PPC. In other words, your data is relatively worthless if you aren't around to be targeted based upon it.
Despite having a profile, if a user isn't there to see the ads, that means less reach and fewer clicks. When advertisers realize the apparent ineffectiveness of FB advertising, ad rates will decline, reducing revenues for FB. It's unlikely FB would actually run out of money because with reduced scale comes reduced costs -- eventually the entire platform might be operated by Zuckerberg at at a WeWork rented desk after having laid off everyone else.
My point is that your data is pretty much useless if you aren't there to be exploited because of it.
Facebook and Google are huge really for one main reason -- self-service advertising. Some local bike shop can experiment with $200 in PPC super-easily. That local bike shop can't as easily run a radio ad or TV ad and measure the results as easily. So Google and FB have made advertising something that is accessible to those with both lower budgets and lower sophistication. The Coca Colas and General Motors of the world don't care about FB or Google at all -- they have the resources to sponsor the Olympics or national TV shows or pro baseball teams.
I downloaded my Facebook archive this weekend and it was a massive 12kb. I know entirely what it means to have a living account and not feed the beast, but I am also the rarest exception that disproves the norm. Deleting a Facebook account means the drug addict cannot relapse.
Advertising isn't the whole story by a long shot... hence CA / SCL Group (and whom else shall we add next?)
GDPR won't dent Facebook in the least. They'll bend where they have to, and no further. They'll pay occasional fines and that won't matter either.
If you take it to an extreme and the only thing they can do is show non-personalized advertising and do zero tracking, they'll still print billions in profit in the EU market. That's what owning most of Europe does for you. Their gross profit margin globally is just under ~87%. Cut that in half and they still have a very profitable business with margins comparable to Google.
Facebook could run entirely untargeted advertising on their platform globally and still yield enviable profit margins. Their platform is extremely tightly run on costs compared to most tech giants.
People talking about doom on this, aren't discussing facts or using logic, they're projecting a revenge fantasy out of emotion. It's driven by a desire to punish Facebook.
Living in EU, and I am thrilled at the party we will have, when 1-2 million people/facebook users will send this letter to FB [1]. I strongly believe that this will hurt them financially (where it actually matters/hurts).
I (try to) sinkhole every tracker, advertiser etc. on my PC and jailbroken iphone. I am sure that I don't block every one, but 90% is better than 0%.
It may keep me busy, but when I start receiving the answers that FB, Amazon, etc. have provided my data to XYZ broker, and then I will be more thrilled when I send THOSE guys the same letter.
Of course after every inquiry they will be receiving a "right to be forgotten" letter.
Hurt them where it does until they learn to respect people and not see them as items to be traded.
[1]: https://www.linkedin.com/pulse/nightmare-letter-subject-acce...
Ps: I am not a hater. I enjoyed FB until it started to try to manipulate me e.g. altering my timeline and showing me what THEY deemed is 'good for me' (profitable for them).
Pps: They make enough from advertising. It was excessive greed that got them to start the sell-out.
As someone who’s Jailbroken dozens of iPhones, I understand the appeal. That said, you seem to prefer privacy/security, and I can unequivocally state having a jail broken iphone is a huge step backwards on both.
Will Facebook even check or will they just play it safe and accept most requests?
So yes, it does matter, and them being compliant is a good thing.
Many people didn't realize that we still living in a global society that pretty much made by many super large sized Black Pearl[0]s and Jack Sparrow(s) is the captain.
Dear Captain Jack is cool sometimes, and could bring you to the treasure, but you should never trust him that he will taking care of you. In fact, regardless what he said, he don't care about you even a little, all he care about is himself. If you fell off board, he will not bother to save you, unless it's out of coincidence.
So yes, you may follow him closely for an amazing adventure if you want to, but whether or not you will survive in the end, it's all depends on you.
[0] Yes, that pirate ship.
Plus, how effective is the advertising in motivating purchase versus sowing seeds of discontent?
It has utility, yes, but what the majority seem to consider, "not good".
Facebook's controlling minds don't care about you, they care about if there's reduction in profit [or profit generating ability].
Except they do care about their associations and brand management:
'At least three companies -- Sonos, Commerzbank (CRZBF) and Mozilla -- have pulled advertisements off Facebook after a data scandal engulfed the social network. Others are asking tough questions.
Unilever, which owns brands including Dove, Lipton, and Ben & Jerry's, issued a forceful warning to the platforms in February, saying they had become a "swamp" of fake news, racism, sexism and extremism.
"We cannot 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'[1]
[1] http://money.cnn.com/2018/03/23/technology/advertisers-faceb...
We'll, they're contributing to this [1].
As much as they "hate" the platform, they still love the ad targeting it provides. They all do. Which is probably one of the only reasons these brands even bother.
They just can't help themselves when it comes to being able to push $X towards women only, in their 30's, who have small impressionable children at home, are affluent enough to buy expensive soap, etc, etc, etc.
[1] https://www.nytimes.com/2017/10/08/business/dove-ad-racist.h...
Ok, fine, this is anecdata. But we're talking heavily tech leaning people and we didn't hear anything from them.
Nothing is going to come of this.
They'll probably be damaged if FB becomes a downmarket social network only used by those who are unsophisticated and unaware. It may not be apparent now, but it will be when some new product captures those users and starts building social momentum that FB can't counter. That's literally how FB got big, and I think they've only been able to so far prevent it happening to them because they've been allowed to buy their competition.