People are just to hooked up to Facebook to care about it. People keep on telling that they will erase their facebook profile but how many actually do it. Indeed only a small percentage of the users, not even an percentage I do guess.
People who were thinking that this information wouldn't be used are just stupid. I do agree that it is/was a big mistake of facebook! But they only care about the money!
If you are not paying for a service, you are not a customer but the goods!
I do expect that facebook will overcome this dip in stock price. Of course, if there doesn't come a major correction on the stock markets. I would not enjoy a correction or crash, but I'm curious if this would be the fuel the crypto market needs to enter a bull market. People will not trust banks and the interest in below par, so lots of them could take a gamble on the crypto market!
Of course Mark is coming with excuses and tries to play that he also was a victim. He is just trying to protect his company like every founder would do!
You are very correct. If you are not paying for a service rendered, then you are the good indeed. However and unfortunately, it seems Mark is also a victim in this scandal. It is not issue of playing a victim. There are other social media platforms that are also guilty of trading people's information, but the success of Facebook has garnered more negativity and ill-will among the tech giants. His acquisition of Whatsapp doesn't go down well with some.
I dont think the situation is irredeemable for Mark however. I think he has, to a large extent gathered consumer loyalty and there may be no significant exodus of the people away from Facebook.
People is too worried looking at the diet in trend in Instagram to care about it. Still, I believe some more aware will make a move.
I doubt it that Mark really is a victim! He probably knew what they were going to do with the data, so he would have been careful what he did put on Facebook.
I do understand that he is trying to play the victim role. He needs to protect his company and his money! We all would. It always looks nice to say that he was also the victim but I am not buying it!
But yep, people will not abandon facebook. Lot's of addictive people on there, which don't know where to go when they would leave facebook!
Indeed, unfortunately in Steemit we do not have a proper team, @ned should be paying CNBC or some other US media network to capitalise on this very same moment. But who knows what they are doing, last project update was months ago.
He probably figured since there wasn't a backlash when Obama did it there wouldn't be a backlash when Trump did it....I guess he didn't quite figure on a segment of the population who just can't seem to adjust to losing the last election.
Thank you my friend, as always an accurate observation. I believe a major corrections is coming, when or how, no one knows for sure.
Institutional money is moving already into cryptos, maybe they know something we do not, and cryptos will be a hedging class asset when facing recession periods.
@santana33, thanks for giving us the platform to interact with each other!
I do think that investing into cyrptos could a good investment when we will see some regression!
Looks like it could be happening right now, try to seize the EOS airdrop to happen in the next few days.
I hope I will be mentioned eventually in one of your Steemit users recommendation posts ;-)
You never know :) But you are on the list, so pretty sure you will get a mention!
EOS airdrop?
Same here. I don't know anyone who canceled FB over this. I don't even know anyone who even got mad about it. Must be all the ones who are mad are all the ones who didn't get mad when Obama did the same thing....lol.