Ownership and Privacy issues are the key concerns in today's shift toward web3.0, the dawn of a new wave of web-related services.
Viral scandal of Facebook appeared on the news with leaked information of call and text message data scrapped from Android phones. An article in arsTechnica posted Twitter images by Dylan McKay from New Zealand that his call-logs has been shockingly recorded by Facebook archives. While accepting "Terms & Conditions" when downloading the app, permissions have been granted for Facebook to read your contacts and message logs.
This has ballooned into the Cambridge Analytica scandal where user data of as many as 50 million users were misused. As the news unravels with regards to the abuse of user data on Facebook, many key leaders have swooped in to give their two pennyworths' of thoughts.
“The ability of anyone to know what you’ve been browsing about for years, who your contacts are, who their contacts are, things you like and dislike and every intimate detail of your life—from my own point of view it shouldn’t exist.”, said Tim Cook, Apple's CEO
Source: Wall Street Journal
Even Playboy did not like the idea of Facebook toying with his data.
“There are more than 25 million fans who engage with Playboy via our various Facebook pages, and we do not want to be complicit in exposing them to the reported practices.”
Source: TheVerge
Facebook Stock Prices Falls
A major drop from USD180 to USD153 in the last 2 weeks. Read more here: https://www.thesun.co.uk/tech/5853280/facebook-share-price-value-latest-cambridge-analytica-stock/
As more and more security flaws are being unearthed as we speak, the future is definitely not bright for Facebook.
