Jump to content
Register Now
Techno

Facebook threatens to leave Europe

Recommended Posts

It looks like facebook is stuck between data privacy and funds from advertisements. Along with Apple’s new privacy update that directly impacts Meta’s loss by $10 billion, and the whistleblower controversy how Facebook profited from misinformation by directing people to link after link of extremism, and now the EU data privacy concerns, are all going to affect Meta going forward.

American politics really put Facebook in the crosshairs as a gatekeeper of misinformation. A few high profile republican politicians including Trump were banned from Facebook, while at the same time profiting from other misinformation as claimed by the whistleblower. So they are heading into a collision course to a world that needs more data privacy. Can they stay successful if privacy means that Meta won’t get as much advertising traffic?

It’s more than just data privacy that is hurting Meta. Because they have seen their first loss in users, which I believe is partly due to the conservatives who didn’t like the fact that their messiah Trump was banned from Facebook and meanwhile Trump and party have so far unsuccessfully tried to start their own hate filled social media. And investors usually might not be afflicted by politics when it comes to investments, but Meta has a lot going on that contributed to Thursday’s loss. I hate to say that many people have lost confidence in them that aren’t republican which as fate will have it, boosts republican efforts to destroy Meta as their revenge. But many people are losing confidence because of the whistleblower, and Spotify’s recent controversy, as well as Oculus under investigation for antitrust violations. And as far as Spotify, even after Joe Rogan spread misinformation about Covid and used the ’N’ word many times, he was offered a $100 million deal for a Trump-backed site instead. So that shows that Meta is republican’s social media arch enemy, but even then that won't stop them from investing if the profit is good, which wouldn't make sense to invest in something you want to destroy. 

How Meta responds to all this and recuperate their losses is something I’m not sure of what they will do.

 

Link to comment
Share on other sites

When it comes to privacy it matters alot, everyone simply needs safety, and when the privacy datas are leaked, it becomes a stumbling one. Facebook wouldn't face too much sticks, even if at times they leak some users data for advertisement, it wouldn't cause for big issues. 

Link to comment
Share on other sites

Google is facing antitrust violations by the EU because of unfair competition to its ad tech. The European Commission in the EU 'will become the sole enforcer of new tech regulations.' We can expect them to be cracking down more on tech giants to protect consumers which I say is a positive thing in the current EU. Everybody needs to crack down on these tech giant sons of bitches and their monopoly attempts. 

https://www.exchangewire.com/blog/2021/11/10/eu-commission-google-face-fine-rejected-appeal/

 

Link to comment
Share on other sites

Now Google is adding privacy protection to their Android which will make advertising targeting even harder and will also effect Meta just as Apple did with their new privacy protection. Apple's new privacy update cost Meta $10 billion. We can expect Google to leave a dent too. Right Now Meta is getting eaten up by data privacy concerns. We have to wait and see how they respond to these new changes from the EU, Apple, and Google. 

https://www.barrons.com/articles/in-new-blow-to-facebook-google-will-make-it-tougher-to-track-consumers-on-android-51645028617?siteid=yhoof2

 

Link to comment
Share on other sites

8 minutes ago, Reality vs Adventure said:

Now Google is adding privacy protection to their Android which will make advertising targeting even harder and will also effect Meta just as Apple did with their new privacy protection. Apple's new privacy update cost Meta $10 billion. We can expect Google to leave a dent too. Right Now Meta is getting eaten up by data privacy concerns. We have to wait and see how they respond to these new changes from the EU, Apple, and Google. 

https://www.barrons.com/articles/in-new-blow-to-facebook-google-will-make-it-tougher-to-track-consumers-on-android-51645028617?siteid=yhoof2

 

Oh it's enough to make a grown man cry.

Link to comment
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now


×
×
  • Create New...