Assuming this isn't sarcasm, this is how the word prestige is defined - "denoting something that arouses widespread respect or admiration".
Facebook lied to ad buyers (customers) about video views
https://www.theverge.com/2018/10/17/17989712/facebook-inaccu...
Facebook lied to users about their spying app
https://www.forbes.com/sites/zakdoffman/2019/03/02/facebook-...
Facebook lied to regulators about its ability to combine user data
https://www.theverge.com/2019/2/7/18215143/facebook-whatsapp...
Facebook lied to journalists about the CA issue
https://www.vice.com/en_in/article/qv777x/facebook-lied-to-j...
They don't mind doing mood manipulation experiments
https://www.theatlantic.com/technology/archive/2014/06/every...
They have absolutely no qualms stooping low enough to steal money from kids
https://www.consumerreports.org/privacy/facebook-friendly-fr...
Based on the definition above, there is only one prestigious job left at Facebook. Whistle-blower.
"Prestige" in terms of the scale of technical challenges that very few other companies can match at the moment. For many career-focused individuals that is the only thing that matters.
You forgot to add the most important reason which should be at the beginning of that sentence - track record.
And also, hiding important financial details e.g. the so called "friendly fraud" case is not a serious mistake, which implies that somehow it all "just happened" and could have "happened to anyone". It was deliberate, a lot of people were complicit, and it is exactly the kind of issue that crosses the fine line between what is merely a "serious mistake" and goes and sits squarely in the realm of "intentional, systematic and deliberate fraud" to pump up the company pre-IPO. And the fact that this came to light about 7-8 years after the actual incident suggests that we have only yet seen the tip of the iceberg on these kinds of issues.
But let us suppose you are actually right that it was just a "serious mistake".
My view is that right now there are a lot more shady things going on inside FB even as you come and write this.
"Well, how can you be so sure?" is what people generally ask. That's exactly what people who were defending FB were asking as early as 2016 on these forums. But over the last 2-3 years, the skeptics have been vindicated, and those folks who were previously defending FB are nowhere to be found on threads which discuss Facebook. As the saying goes - their silence is now deafening.
"I am a VP at Facebook and my income is based on how effectively we track and abuse the privacy of the general public, whether or not they are user's or have agreed to any contract with my employer"
I mean it's also worth noting that to access the misleading "clear history" feature you have to create an FB account so they can track you more.
rm -rf /var/tracking_data/jforberg
"How do we delete the data, and still profit from it?"
It’s like designing a dangerous rollercoaster with no concern for safety, and then when people start dying complaining about how hard it was to make it safe.
Nasty, unethical, criminal and morally bankrupt company. There are no other words to describe it.
If I was investing a a GDPR complaint, this article contains a lot of information that would be useful when asking questions to FB.
When I read between the lines I see just a nasty attempt at PR to keep naive users & clueless regulators happy by offering the illusion of choice and control over your data.
The reality is that they designed malicious infrastructure akin to a spyware’s command and control center (but at scale, while the other spyware usually gets by with brittle PHP scripts dropped on a hacked shared host) and are now offering you tools to (supposedly) opt-out from a threat they created in the first place.
You might have thought I was making excuses for them. On the contrary, they clearly never designed a system to delete data because the mere idea of actually deleting information associated with a user is so alien to them that they never even thought of it.
I usually try to be as clear as possible, but when it comes to that company I just don't see how anyone could be apologetic for them, so I never read my own post from that perspective.