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Whether you're a casual personal user or a heavy weight business user of Facebook, in wake of the recent Cambridge Analytica scandal where they used over 50 million accounts personal information in ways the users didn't know about to influence political campaigns. More namely the Russian elections. Apparently it looks like Facebook turned a blind eye to the surreptitious use of people's personal information in exchange for cash. As if FB don't make enough money right?
I guess it's an embarrassing thing for Mark Zuckerberg after it really exposes just how real it is and how much that big conglomerates really do sell your personal information to 3rd parties for cash regardless to it might effect you or your country. Not to get political but it's all business and a loss of for Facebook as many more people than before are actively not using Facebook now and switching indefinitely to other platforms like Instagram and Whatsapp as alternative contact methods. Minus all the fake news and personal data harvesting let alone targeted ads.
That said, I see FB stepping up their commercial advertising campaigns for businesses and there's still a lot of opportunity for businesses, brands and people to reach and connect to their targeted audiences with FB. But I think that from now on it will be more businesses than personal users that use FB. Especially the younger crowd, millennials. My nan is still figuring FB out LOL!
What do you think of the Facebook Cambridge Analytica thing?
What do you think is the future of Facebook now after all of this?
Found this funny meme to accompany this brain picker!
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DenisP
The thing is that more and more people are becoming aware of just how much of their data is being collected and sold. Facebook lost millions of users in 2017, even before this whole privacy scandal, so it was going downhill just by the natural order. Not as many people are using Google as well, and are turning to more anonymous search engines such as DuckDuckGo.
I feel that both companies will adapt and improvise, and ultimately survive. However, it is quite possible that they will never make as much profit as they had in their prime. In this modern age of consumerism and advertisement, information is the most precious commodity. Facebook and Google are both fantastically good yet absolutely terrifying at collecting data and using it to target advertisements at you. That being said, I don't know how long either are going to continue doing well. The thing is that more and more people are becoming aware of just how much of their data is being collected and sold. Facebook lost millions of users in 2017, even before this whole privacy scandal, so it was going downhill just by the natural order. Not as many people are using Google as well, and are turning to more anonymous search engines such as DuckDuckGo. I feel that both companies will adapt and improvise, and ultimately survive. However, it is quite possible that they will never make as much profit as they had in their prime.
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