Social Media Companies Stepping up Measures to Address Users Privacy Concerns
Meta Platforms, Inc. - Class A (FB)
Last meta platforms, inc. - class a earnings: 4/29 04:05 pm
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Source: PR Newswire
PALM BEACH, Florida, March 26, 2019 /PRNewswire/ -- Almost every day a report surfaces that customer data was either hacked by a third party or parties unknown, or used by the social media platform itself in ways that users feel compromised. A recent article on CNBC's website addressed consumers growing concerns over the privacy of their data. Its headline was an eye opener: "Four in 10 people have deleted a social media account in the past year due to privacy worries, study says." The article continued: "There is a serious lack of trust in social media such as Facebook and Twitter and consumers expect brands that advertise on such platforms to urgently find solutions, according to research published by public relations consultancy Edelman. Edelman surveyed 9,000 people in Brazil, Canada, China, France, Germany, India, the United Arab Emirates, U.K. and U.S. for the study that was published as part of the Cannes Lions International Festival of Creativity in France. Privacy concerns ar
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