Facebook is getting crushed today in the stock market and for valid reason.
It has come to light that one of Facebook's partners took data from millions of Facebook users during the U.S. Presidential cycle.
Cambridge Analytica is guilty of taking the Facebook data to target certain demographics. Now questions are being raised about how safe the 2.2B users' data is.
What is disturbing to many is that Facebook knew about this months, if not, years ago yet only responded this past Friday.
To me, this is our biggest selling point. Hacking is becoming very big business. It is obvious that these multi-national corporations not only sell people's data, they also do not secure it.
Hive is a decentralized social media network. All the data that is on the blockchain is decentralized. With all the news about censorship from Facebook and other entities, now is a great time to strike. This is an issue that is not going away any time soon.
Facebook is starting to garner mainstream attention. People are starting to wake up to this issue. Facebook is one of the most notable companies in the world in terms of name recognition. The fact that it is hitting the business/investor pages means millions are being exposed to this. If the government steps in by holding hearings, it will only give it more attention.
Those of us on here know how corrupt that organization is. Now the rest of the world is starting to wake up. Do not be surprised if some governments outside the U.S. start to conduct some hearings. The EU bloc has a tendency to go after the American technology companies that fail to comply with their rules.
We will have to watch the developments. In the meantime, we should promote the idea of decentralization on the Hive blockchain.
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