Facebook is the villain and finally people know it.

[pipedreams]

"About 250 pages of highly confidential documents and company emails that shed light on Facebook’s attitude towards its customers, were released by a British lawmaker this week."

https://www.foxnews.com/opinion/facebook-is-the-villain-and-we-all-finally-know-it

[minervadoe]

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And let’s not kid ourselves that it’s just Facebook doing this. Five of the most valuable companies in the world today – Apple, Amazon, Facebook, Microsoft and Google's parent company Alphabet – have all commodified our data and used it to take over their respective sectors.

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What’s equally unsettling is our government’s response. The questions that senators asked Zuckerberg during his April hearing clearly showed how little they understand about the basic workings of his company. The government has had at least 10 years to get on top of big tech companies’ exploding growth and power, but so far they’ve been allowed to act with free rein.

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But at the same time, these companies have been allowed to run amuck, and the laws haven’t been keeping up. For the entire Cambridge Analytica scandal, Facebook was fined a little over $600,000. Facebook makes that in less than 8 minutes.

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What terrifies me is the next villain, who has more nefarious end goals. If the government doesn’t get its act together and start creating and enforcing laws to regulate these powerful companies, we are in real trouble.

 

[janice6]

Money and power are  forces that mega businesses use to promote more money and more power.  If the management is incapable of handling this authority over their customers, company egos and the thirst for damn near omnipotence, will cause them to subjugate their customers as the means for more money and more power.  The company is deemed to be more important than the customers they serve.

This drive for financial and economic dominance is a failing shared by many people in positions of authority.  The more authority, the more importance is placed on "the end justifies the means".   It was finally applied to "Ma Bell" in the past, and caused significant changes considered by many to be improvements  to the communications world.  

Not every business is capable of controlling how they deal with their customers.