Data Sheet—Facebook’s Biggest Problem? Its Arrogance [Fortune]
Meta Platforms, Inc. - Class A (FB)
Last meta platforms, inc. - class a earnings: 4/29 04:05 pm
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Source: Fortune
My favorite line in the dense and important New York Times article this weekend about Cambridge Analytica and its consumer-data bamboozlement of Facebook , came near the beginning. Facebook, America’s preeminent general-purpose daily newspaper wrote, “downplayed” for a week the scope of the data the Mercer-backed organization siphoned from it and “questioned whether any of the data still remained out of its control.” Presented with evidence to the contrary, Facebook changed its tune. Its lawyer called the attack a “scam,” professed to be shocked, shocked there was gambling going on here, and promised to “take whatever steps are required to see that the data in question is deleted once and for all.” If this sounds familiar, it should. It is a pattern for Facebook. CEO Mark Zuckerberg labeled allegations that Facebook had been used by Russian baddies to help sway the 2016 election “crazy.” Then he found out what happened and promised t
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