This is not a joke ... this is very dangerous
The #Facebook crisis and its scandals are still in the forefront of important issues for the international and even local media, which recognize that this social network is living through difficult days and that the failure of the situation could lead to the collapse of this institution.
In fact, things have been out of control for a long time, exactly since the teacher told #Zuckerberg young man and his crew detected the problem of counterfeit news and Facebook's response was clear at the time, that it is not responsible for the content posted on its platform!
Now the company is not only facing this problem, but also hate speech and exploitation of user data for political purposes and not just to display appropriate ads.
The #CambridgeAnalytica scandal is still the subject of the day, and the Federal Communications Commission of the United States has opened an investigation that is still under way.
The coming days are expected to be decisive for this issue as we await the judgment of this body, which will often resort to material punishment as expected.
Have you violated Facebook Decree 2011?
Facebook is one of the companies that signed in 2011 a decree requiring that the company that violated users' information and used it for purposes of a fine of $ 40,000, yes 40 thousand US dollars.
Currently, the company's violation of this decree is being investigated. If this is confirmed, the company will have to pay this amount for each affected user.
A fine in the case of official charges.
For those who do not know, the number of users affected by the Cambridge Analytica case has reached 50 million. The political consulting company obtained their data after purchasing it for a few million dollars from a private Facebook application developer who collects information after gaining access to the personal account and messages. And various user data.
Facebook's guilt that allows developers to collect as much data as possible and the message of giving permission is unclear during 2014 to many users.
The other charge facing the company is to spy on phone calls to users where you track them and record their information as mentioned earlier, and the same for SMS text messages on users' phones.
The cost of the fine can be reached by anyone is $ 2 trillion, or $ 2000 billion US dollars, a liquidity not owned by the American company.
If we assume that there are facilities in the government, the possibility of a severe penalty on Facebook billions of dollars is still strong.
What will happen in this serious situation?
It is clear that investors in the company will work to get rid of their shares as soon as possible, which would weaken the market value of the company that lost in the recent crisis in one week more than $ 100 billion.
The founder of Facebook has for some time started to sell millions of shares he owns in the company to reduce his own ownership according to a program agreed with the board of directors.
On the other hand, $ 2 trillion is too large and the payment process will be difficult. There may be an indulgence in paying it in installments which will affect the profitability of the company for a while, which gives investors another reason to escape the investment.
The possibility of a bankruptcy announcement is also possible and this is very dangerous and puts a quick end to a company that is financially well positioned and in competition so far.
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