Failing to Bring the World Closer Together A little over two years ago, Facebook updated its mission statement to, "Give people the power to build community and bring the world closer together." Since the update, though, Facebook has pushed the world further apart. The data they've collected on their users have been exploited to the extent they've influenced multiple elections across the globe. Most notably, a data analytics firm called Cambridge Analytica used Facebook's data to create a profile of voters that were susceptible to advertisements. The Cambridge Analytica scandal was covered at length in Netflix's latest hit, The Great Hack. I highly recommend you watch it. Facebook … [Read more...] about What Would a World Without Facebook Look Like?
Online Companies Are Exploiting You These days, nearly everyone knows that Facebook is unethical. Mark Zuckerberg testified before Congress and the FTC recently fined his company $5 billion. While this may be common knowledge, it still bears repeating what practices Facebook and similar companies are engaged in. This is especially true because Facebook remains incredibly profitable. Moreover, it still has 2.41 billion monthly active users. Facebook and other large online companies like Google and Amazon are amassing and monetizing data collected from their users. These data are used to serve users with targeted ads that influence their behaviors. Simply put, online companies are … [Read more...] about How to Avoid Being Manipulated Online
Poor Prioritization Creates Riches The rapid rise of Silicon Valley technology companies inspired a new capitalist paradigm. Software no longer needed to be mature or devoid of bugs before ending up in the hands of consumers. With venture capital to burn and dreams of exponential returns, founding technology teams raced as fast as they could to grow their customer bases. The “Internet 2.0” business model seemed perfect. Technology teams focus on growth at all costs with the ultimate goal of monetizing their users. Monetization is primarily done through targeted advertising. In exchange for the use of a company’s products and services, users are subjected to advertisements. The inputs … [Read more...] about Technology Companies Will Become More Transparent Over Time
Introduction Facebook’s stated mission is to, “give people the power to build community and bring the world closer together.” For the month of September 2017, Facebook averaged 1.37 billion daily active users; nearly a fifth of the world’s population logs on each day. Facebook has unquestionably achieved its mission, as an enormous collective of users has united in its willingness to publish and share information. Over the thirteen years of its existence, Facebook has created the most advanced engine of data collection and distribution in the world. It has so much data, in fact, that it can systematically break down democracy in order to advance a factional agenda. Facebook, with its … [Read more...] about 3 Reasons Why Facebook is More Powerful than Governments