Despite privacy scandals, Facebook is more profitable than ever – journalists must use the tools of tech to understand why
A dark shadow looms over our networked world. It’s called the “privacy paradox”. The main commercial engine of this world involves erosion of, and intrusions upon, our privacy. Whenever researchers, opinion pollsters and other busybodies ask people if they value their privacy, they invariably respond with a resounding “yes”. The paradox arises from the fact that they nevertheless continue to use the services that undermine their beloved privacy.
If you want confirmation, then look no further than Facebook. In privacy-scandal terms, 2018 was an annus horribilis for the company. Yet the results show that by almost every measure that matters to Wall Street, it has had a bumper year. The number of daily active users everywhere is up; average revenue per user is up 19% on last year, while overall revenue for the last quarter of 2018 is 30.4% up on the same quarter in 2017. In privacy terms, the company should be a pariah. At least some of its users must be aware of this. But it apparently makes no difference to their behaviour.Continue reading...
From our friends over at the : Business | The Guardian
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