“Investors are bailing” from Facebook, writes CNN Money. The share price for the disgraced social media firm has dropped 30% since July. Facebook has had a hard time shaking its image as a firm that happily violates users’ privacy, manipulates users emotional well-being, doesn’t take proper steps to secure users’ data, courts advertisers interested in targeting white supremacists, and sells users’ behavioral information to unscrupulous entities.
Despite hours of testimony, a blitz of executive interviews and numerous tweaks to its privacy settings, Facebook has yet to put the Cambridge Analytica issue behind it. And now, Facebook faces the prospect of additional regulatory scrutiny after disclosing a new security breach affecting nearly 50 million users.
The longer the privacy backlash continues, not to mention ongoing concerns about election meddling, the more potential for damage to Facebook’s core business.
“For the first time, we’ve heard some grumblings from the advertiser community that the hot water that Facebook is in politically is creating some hesitation on budget allocations (for some),” Ross Sandler, an analyst with Barclays, wrote in an investor note this week.
Artist Benjamin Grosser created a browser plugin called Safebook, which removes the content from Facebook. Useful! Given the harms that Facebook has wrought on mental health, privacy, and democracy, what would it take to make Facebook “safe?” Is it possible to defuse Facebook’s amplification of anxiety, division, and disinformation while still allowing users to post […]
A new study revealed that monthly page visits to the user-hostile social media site Facebook have dropped from 8.5 billion to 4.7 billion since 2016. From CNBC: “Although Facebook’s app traffic has grown, it is not enough to make up for that loss, the study said. Facebook took a market tumble last month when it […]
Multinational companies have used the no-nonsense methodologies of Six Sigma and Lean Six Sigma to oil a smooth-running operation for years. What is it? Six Sigma (and its offshoot, Lean Six Sigma) apply the principles of science to business, teaching managers to methodically target waste, maximize output and streamline the flow from producer to consumer. […]
It’s the age of the gig economy for good reason. With an unlimited market out there on the internet, side hustles are as easy as finding your voice and finding an audience. Whether it’s podcasting, writing or design, these training courses are an easy mentor for your transition from hobbyist to hustler. Start a […]
Spreadsheet proficiency isn’t just a box to check off on your resume. It’s the number one time-saver for any data entry job, human resources manager, inventory specialist or countless other crucial office positions. Don’t waste time tinkering with Excel or Google Sheets on your own. Learn both, backward and forwards, with The Excel & Google […]