The Man Deciding Facebook’s Fate – The New York Times

By Cecilia Kang

March 8, 2019

WASHINGTON — The Federal Trade Commission has no shortage of critics who say it cannot protect Americans from the prying eyes of Big Tech. Instead of forceful action against the likes of Facebook and Google, they say, the F.T.C. leans on a rules that make it hard to impose penalties bigger than rounding errors for the companies.

Those critics have an unusual champion: Joseph J. Simons, the man running the agency.

“We have this over 100-year-old statute that is our main authority,” Mr. Simons said in his first sit-down interview since becoming chairman 10 months ago. “And clearly legislators who approved that were not thinking about data security and privacy issues.

”In the deregulatory era of the Trump administration, Mr. Simons, 60, a Republican lawyer who has jumped between the public and private sectors for more than 30 years, is a rare voice for strengthening the government’s hand.

Mr. Simons has urged Congress to expand the F.T.C.’s privacy-enforcement powers and allow it to impose fines more easily, write new rules and hire more experts. He also says the agency should police how all companies and nonprofits — not just technology companies — collect and handle people’s digital data…

FINISH READING: https://www.nytimes.com/2019/03/08/technology/ftc-facebook-joseph-simons.html?partner=IFTTT






 

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After the biggest stock market sell-off in history, what’s next for Facebook? 

 

After the biggest stock market sell-off in history, what’s next for Facebook?

Social media giant posts big profit, but other numbers show potential long-term problems

Pete Evans · CBC News · Posted: Jul 28, 2018 4:00 AM ET | Last Updated: July 28

Facebook still earns massive profits, but the company learned a harsh lesson this week about managing investor expectations.

When Facebook posted its quarterly results on Wednesday, the stock market sell-off that followed was dramatic.

By the time the market closed the next day, the company had lost $100 billion in shareholder value.

It was the biggest sell-off in Wall Street history.

A market meltdown like that inevitably left the company’s investors wondering “What’s next for Facebook?”

 *Facebook should be liable for ‘fake news,’ British lawmakers say

*In privacy fight, we’re asking Facebook the wrong questions

After all, it wasn’t a set of ugly numbers that sent investors to the exit. The company still made gobs of money — more than $5 billion in profit, in fact. But the sell-off was sparked by fears that the endless growth may soon come to an end.

To Ramona Pringle, a CBC columnist and media professor at Ryerson University in Toronto, the company’s main problem is the same one that has felled many of its technological ancestors — you’re cool, until you’re not.

And to young people at least, the world’s biggest social media company is decidedly not.

“Talk to anyone under 22,” she says, “and they’re not on Facebook.”

FINISH READING: After the biggest stock market sell-off in history, what’s next for Facebook? | CBC






 

Stop Investing In Facebook

You can use the word “cunt” on Facebook to disparage a woman – or a man accused of acting like a woman.

You can’t use the word “nigger” on Facebook to disparage a race of humans.

Yet, you can set a dog on fire, and Facebook – via Mark Zuckerberg – not only allows it to be published, but forces you to view it by granting advertisers the auto-play mode of reception as you scroll your news feed.

Mark Zuckerberg was recruited by the CIA (Central Intelligence Agency) while in college. His system of humiliation of humans and later other animals created a revolution while simultaneously developing a culture of hatred and distrust around the globe among all Peoples.

Stop investing in the CIA. They are a notorious USA and other-single-ethnic-backed terrorist organization whose purpose is to dominate the world through terror – providing fathership to flailing countries that need and/or want a family to dominate them.

Ukraine is currently on the Menu.

https://wordwarriordavies-tight.com/2017/12/06/facebook-mass-incarceration-of-the-collective-mind/






 

YELLOW CAKE for STEAM INDIA

YELLOW CAKE for STEAM INDIA

Orange, almond and pineapple expertly combined to create a beautifully textured and flavored yellow cake!             

Makes 24 pieces Continue reading “YELLOW CAKE for STEAM INDIA”