Future of Social Networking after the Facebook Data Scandal

goldchart.biz

Social media will need to make room for smaller “trusted networks” closer to everyone’s particular interests, for users to maintain their recent willingness to share data with big commerce, predicts Jason Finch, a Scotland-based web interaction pioneer.

Facebook is likely to emerge largely intact from its involvement in the Cambridge Analytica scandal over sales of personal information and election influencing, says Finch. Advertising should also meanwhile keep its place as a dominant form of revenue for top internet groups.

Mark Zuckerberg broke his silence on the Cambridge Analytica scandal. He acknowledged mistakes by Facebook and pledged “to protect your data.”

goldchart.biz

Facebook’s chief executive, Mark Zuckerberg, on Wednesday publicly addressed for the first time the misuse of data belonging to 50 million users of the social network and described the steps the company would take to safeguard the information of its more than two billion monthly users.

Although his statement addressing a chorus of criticism fell short of a full-throated apology, Mr. Zuckerberg said that Facebook would contact users whose data had been harvested through a personality quiz app and passed along to the political data firm Cambridge Analytica.

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Forget Facebook & Google Ads - Social Networking Tool for Small Local Businesses Launches across Australia

The Sticky Handshake, is today launching a revolutionary new referral solution for time-poor small business owners across Australia, who have failed to win new business from Google and Facebook advertising and find industry networking time consuming, expensive and daunting.

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