Ever sine I have been writing a blog (a total of 12 years) visitors would comment and send me a link to a Facebook post….I would thank them for the link but tell them that I was not on Facebook for I did not trust them to keep my info secure…
Looks like my fears were well founded…..
Facebook is reeling from a series of revelations about private user data being leaked to Cambridge Analytica, a shadowy political consulting firm that did work for the Donald Trump campaign.
Last Friday, reporters from The New York Times and The Observer of London told Facebook that Cambridge had retained copies of private data for about 50 million Facebook users. Facebook says Cambridge promised in 2015 that the data would be deleted. Facebook responded to the new revelations by banning Cambridge and several of its associates from Facebook.
Recently I was told that this breech was no big deal….apparently the markets do not agree…..
Facebook shares fell nearly 7 percent Monday amid controversy over how Cambridge Analytica, which was hired by President Trump’s 2016 campaign, was able to harvest personal data from.
The 6.8 percent drop lopped nearly $40 billion off Facebook’s market value.
Equity analysts with Raymond James said in a report to clients that “continued concerns over Russian targeting and data misuse are clearly weighing on the shares.”
Facebook says it initially gave out the data to a researcher who claimed it would be used only for academic purposes. Facebook claims the researcher then “lied to us” and passed the content onto Cambridge Analytica. That firm then used the data to build “psychographic profiles” about voters.
Investors are worried about the fallout for Facebook from prosecutors, regulators, and advertisers.
I realize that followers on Facebook add to the number of total followers for the blog….but my security is more important than the number of followers to feed my ego.
Security measures are important to all us bloggers only some of us are a bit sharper than others. I can state that none of my info was compromised by Facebook….can you?