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US sentiment on Meta/Facebook/Zuckerberg follow up : stocks

by Index Investing News
October 29, 2022
in Stocks
Reading Time: 2 mins read
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So i posted about the negative sentiment on Meta, and wanted to give some conclusions and clear up other things.

So most people hate Meta/FB/Zuckerberg for one or more of these reasons:

  • “They sold/sell your information, Cambridge Analytica”.

  • “They tampered with elections/misinformation”

  • “There are crazy people on FB/FB groups”

  • “Zuckerber is weird/lizard meme”

So lets see how valid are these reasons:

Cambridge Analytica/Selling information: FB did not sell the information, a data scientist form Cambridge created a FB app, users gave this app permission to access the data, now this app abused the Facebooks API to gather data from its users friends, now this scientist sells this data to Cambridge Analytica in a breach of FB terms, after FB told CA to delete this data and CA promised to do it but didn’t.

So FB fucked up in allowing access to user’s friends data by its API, that’s it, they did not sell it, and what’s this oh so private and delicate data that can ruin a person if someone could access it: “public profile, page likes, birthday and current city”, this is truly a catastrophe.

https://en.wikipedia.org/wiki/Facebook%E2%80%93Cambridge_Analytica_data_scandal

Elections/misinformation: basically the algorithm was recommending misinformation to people, so in a perfect world this should not happen but why is this different than any other misinformation video recommended on YouTube, or post in Reddit, essentially people are saying we are too dumb please FB tell us what is right and wrong, so if you are so mad at FB because of this you should also be mad at YouTube, TikTok, Twitter and Reddit for also allowing this on their platform.

https://en.wikipedia.org/wiki/Facebook_content_management_controversies

Crazy people: Its the internet there is crazy people everywhere.

Zuckerber: Ok the dude is awkward, so.. you hate him, ok I guess.

In conclusion, this hate is not really based on facts just conspiracy theories and exaggerations, but if enough people believe something then becomes “true”.



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