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Facebook Under Pressure as EU, US Urge Probes of Data Practices (reuters.com) 68

Facebook CEO Mark Zuckerberg faced calls on Monday from U.S. and European lawmakers to explain how a consultancy that worked on President Donald Trump's election campaign gained access to data on 50 million Facebook users. From a report: Facebook's shares fell more than 7 percent, wiping around $40 billion off its market value, set for their biggest drop since September 2012, as investors worried that new legislation could damage the company's lucrative advertising business. "The lid is being opened on the black box of Facebook's data practices, and the picture is not pretty," said Frank Pasquale, a University of Maryland law professor who has written about Silicon Valley's use of data. Lawmakers in the United States, Britain and Europe have called for investigations into media reports that political analytics firm Cambridge Analytica had harvested the private data on more than 50 million Facebook users to support Trump's 2016 presidential election campaign. Further reading: An undercover investigation by Channel 4 News reveals how Cambridge Analytica secretly campaigns in elections across the world. Bosses were filmed talking about using bribes, ex-spies, fake IDs and sex workers.
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Facebook Under Pressure as EU, US Urge Probes of Data Practices

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  • DUH (Score:5, Insightful)

    by sit1963nz ( 934837 ) on Monday March 19, 2018 @03:32PM (#56285663)
    What did anyone think Facebook was ? Its a MASSIVE data gathering/mining platform that will sell that information to whom ever offers them enough money.
    • There are many people who just want to use technology and are actively disinterested in how it works. I call this "willful ignorance." They lack the background to see how data mining could be a problem. As long as most of our legislators and regulators remain willfully ignorant, there will be no meaningful safeguards on privacy.

      It's sleazy to frame this is "here is how Trump cheated at the election" because AFAIK anyone could have and would have done the same thing. But if that's what it takes to get politi

  • by PopeRatzo ( 965947 ) on Monday March 19, 2018 @04:35PM (#56286273) Journal

    This just came across the transom. Apparently, Cambridge Analytica was doing more than just data mining for the Trump campaign.

    https://boingboing.net/2018/03... [boingboing.net]

    https://www.channel4.com/news/... [channel4.com]

    • That escalated quickly.

      A couple of days ago it was a back and forth about whether Cambridge Analytica used malware for a data breach or it was simply an extension of Facebook's heavy data collection business, and how that intersects with the differences in data protection laws in Europe versus the United States. Now it looks like they are a straight up criminal enterprise, using bribery and honeypots with prostitutes. Doesn't even take any connection with the Russians for the excrement to be colliding wit
      • That escalated quickly.

        It seems like as soon as one of these stories starts to break, all the bad guys can't help themselves but blurt out their crimes. It's like the part of the James Bond movie where the villain lays out his whole evil plan because he thinks he's gotten away with it and feels some twisted need for James Bond's approval or something.

        I didn't see it mentioned in the Channel 4 story, but apparently over the past 48 hours there were superhuman efforts undertaken by Cambridge Analytica to kee

  • From the Channel 4 link.

    In one exchange, when asked about digging up material on political opponents, [CEO-for-now] Mr Nix said they could "send some girls around to the candidateâ(TM)s house", adding that Ukrainian girls "are very beautiful, I find that works very well".

    In another he said: " Weâ(TM)ll offer a large amount of money to the candidate, to finance his campaign in exchange for land for instance, weâ(TM)ll have the whole thing recorded, weâ(TM)ll blank out the face of our guy

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