Friday, March 23, 2018

Facebook's data gold rush: Web giant's takings soared by £12BILLION after it let companies hoover up users' data...

Facebook revenues soared to billions of pounds after it started giving away users' details.

The social media giant practically doubled its takings every year after opening up profiles to 'tens of thousands' of app developers.

Facebook users were yesterday waking up to how much private information has been handed out.

During the data gold-rush – which lasted from 2009 to 2015 – it appears almost anyone who described themselves as a 'developer' could freely mine Facebook's database.

In this period, the technology firm's revenues rose sharply, from £500million in 2009 to nearly £13billion by 2015.

The company is now facing probes from law enforcement agencies around the world, including in Britain. Full story...

Related posts:
  1. Which advertisers have access to your Facebook data?
  2. Cambridge Analytica's real business isn't data...
  3. Cambridge Analytica: Undercover secrets of Trump's data firm...
  4. Zuckerberg AWOL from Facebook’s data leak damage...
  5. Snowden: Facebook is a surveillance company rebranded as...
  6. Facebook under fire in escalating data row...
  7. How Facebook’s secret unit created India’s troll armies for...
  8. How Facebook’s political unit enables the dark art of digital...

No comments:

Post a Comment