"Investors are bailing" from Facebook, writes CNN Money. The share price for the disgraced social media firm has dropped 30% since July. Facebook has had a hard time shaking its image as a firm that happily violates users' privacy, manipulates users emotional well-being, doesn't take proper steps to secure users' data, courts advertisers interested in targeting white supremacists, and sells users' behavioral information to unscrupulous entities.
Despite hours of testimony, a blitz of executive interviews and numerous tweaks to its privacy settings, Facebook has yet to put the Cambridge Analytica issue behind it. And now, Facebook faces the prospect of additional regulatory scrutiny after disclosing a new security breach affecting nearly 50 million users.
The longer the privacy backlash continues, not to mention ongoing concerns about election meddling, the more potential for damage to Facebook's core business.
"For the first time, we've heard some grumblings from the advertiser community that the hot water that Facebook is in politically is creating some hesitation on budget allocations (for some)," Ross Sandler, an analyst with Barclays, wrote in an investor note this week.
Artist Benjamin Grosser created a browser plugin called Safebook, which removes the content from Facebook. Useful! Given the harms that Facebook has wrought on mental health, privacy, and democracy, what would it take to make Facebook “safe?” Is it possible to defuse Facebook’s amplification of anxiety, division, and disinformation while still allowing users to post […]
A new study revealed that monthly page visits to the user-hostile social media site Facebook have dropped from 8.5 billion to 4.7 billion since 2016. From CNBC: “Although Facebook’s app traffic has grown, it is not enough to make up for that loss, the study said. Facebook took a market tumble last month when it […]
In photography as in film, all the real artistry is in post-production – increasingly so, with the new possibilities cropping up in digital imaging. If you’re ready to get serious about your photography, may we suggest HDR Projects 2018 Pro. As working photographers can tell you, this imaging software can help you re-imagine even the […]
A picture can be worth a heck of a lot more than just a thousand words. If you’ve squinted for ages trying to get just the right photo, you might have the right passion for a career behind the camera. You might even have the right equipment, but do you have the know-how? The Beginner-To-Expert […]
In case you hadn’t noticed from the sleigh bell-heavy music and the hues on your Starbucks cup, the holiday season hasn’t shown any more patience this year. But that doesn’t need to be a bad thing, especially if you’re hoping to get a jump on your shopping. Retailers aren’t waiting til Black Friday to dish […]