Begin with definitions. For Facebook, (1) The customers are those agencies that purchase information from their product (2), the personal data produced by their 2 billion users. Most of those 2 billion were scarcely aware their personal data was being sold. Thus, for Facebook, implied data privacy is a myth. For Facebook, there seems little measure of business ethics. When the CEO Mark Zuckerberg was caught data-ripping he apologized, and then again when caught again. “We have much to learn.” I believe he did learn. Taken to the next step , it would not be surprising if Facebook sold customer data to other customers . Now Facebook is the principal behind a new cryptocurrency . With it, people will be able to transfer (and pay) funds from point to point. This new venture, called Libra *, goes live next year. With Libra , Facebook will have access to another dimension of data – financial data, acc...
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