New Day, New Loss: Facebook Lost $100B After Data Scandal and How Tim Cook Mocked Zuckerberg

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The story of biggest data scandal continues: more and more personalities end up with Facebook, and its market value lost $100B. What’s next, Mark? 

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FB to shut the use of third-party data

As it’s stated on Business Insider, Facebook Inc. is to shut down and delete all the data related to the third-party data.

Probably, it the only way the company can show they want a new chance to prove the world they understand the privacy issue.

Though third-party data collected by Cambridge Analytica. will be eliminated from Facebook, the largest advertisers are able to use users’ data for ad targeting. 

Facebook Stock plunged

Facebook loses its value after the Cambridge Analitica biggest scandal. According to Verdict, Facebook has now lost $100 billion in value since February:

SEE ALSO: Mark Zuckerberg to Testify before US Congress – Facebook Stock Has Plunged 7% (UPD)

Source: Google Finance

Tim Cook’s witty remark

Tim Cook was asked what he would do if he was in Mark Zuckerberg’s shoes, he answered: “I wouldn’t be in this situation.”

Taking into account irreplaceable face expression, this phrase made the day.

Of course, Apple was always more serious about privacy, than Facebook. The second one uses less strict rules, which led to the biggest scandal of the past 4 years.

SEE ALSO: TOP Celebs and Brands Who Broke Up With Facebook: Playboy, Will Ferrell, SpaceX – Who’s Next?

New Zealand’s privacy commissioner ended up with FB

John Edwards, New Zealand’s privacy commissioner, has joined the celebrities and personalities, who decided to delete their Facebook account.

Edwards asked Facebook to share the data they had about the users, and the company refused stating it wasn’t a part of New Zealand law.

Then Edwards wrote a statement, saying, “Privacy and data protection is about the ability to exercise autonomy and control over your personal information. Clearing the slate, and removing data collected at an earlier time, under different terms and conditions, for different purposes, is an expression of that autonomy and control.

That’s why I’ve deleted Facebook (for now)”.

As Edwards is powerless to do something about the issue, he decided to join the opposition.

SEE ALSO: TOP Celebs and Brands Who Broke Up With Facebook: Playboy, Will Ferrell, SpaceX – Who’s Next?

delete-facebook-pic

What else? 

A day before, Mark Zuckerberg agreed to take a trip to Washington to testify about privacy issues before Congress. His decision put pressure on Google and Twitter CEOs – they will have to do the same as Senate Judiciary Chairman Chuck Grassley invited all three CEOs to meet him on April 15. 

Also, as it turned out, Facebook uses free labor – our working hours to keep the platform running. If one spends one hour per day using Facebook, it makes 365 hours per year – 15 working days. And you get nothing for it, while Mark Zuckerberg earns millions of dollars on ads.

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The story of biggest data scandal continues: more and more personalities end up with Facebook, and its market value lost $100B. What's next, Mark? 
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