Facebook Slides After Report Claims 50% Of Its Users Are Fake

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FlyingPenguin
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Facebook Slides After Report Claims 50% Of Its Users Are Fake

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"Turns out I’m 'woke.' All along, I thought I was just compassionate, kind, and good at history. "

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normalicy
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Re: Facebook Slides After Report Claims 50% Of Its Users Are Fake

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I would figure that to be expected.
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Pugsley
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Re: Facebook Slides After Report Claims 50% Of Its Users Are Fake

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Who would have thought such a thing possible :rolleyes:
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Err
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Re: Facebook Slides After Report Claims 50% Of Its Users Are Fake

Post by Err »

It's Facebook's fault that it's in this position. In theory, a social networking site where you can keep in contact with Family and find old friends sounds great. In practice, you discover you didn't want to keep up with these people anyway.

The one thing that kills any social networking site is older people using them. It's really a catch 22 situation. You need young people for social networking to thrive but you need the older people to provide money. Facebook is dying a slow death and Twitter will follow suit once Trump is out of office. Zuckerberg is pretty stupid to have not sold it 6 or 7 years ago when it was flourishing and simple be another Bill Gates for the rest of his life.
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Senators ask Facebook why it tricked kids into spending parents’ money

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Let's add more gasoline to the Dumpster Fire:

https://arstechnica.com/tech-policy/201 ... nts-money/

I thought this was more grandstanding by our fearless leaders but:
he Center for Investigative Reporting's report was based on newly unsealed documents from a class-action lawsuit filed against Facebook in 2012 in US District Court for the Northern District of California. The case was settled in 2016 and required Facebook to make changes to its refund practices and policies for minors.

The Center for Investigative Reporting filed a motion to unseal documents from the case in September 2018, and that motion was partially granted this month.

The court documents included "internal Facebook memos, secret strategies, and employee emails," the Center for Investigative Reporting noted.

The documents show that "Facebook orchestrated a multiyear effort that duped children and their parents out of money, in some cases hundreds or even thousands of dollars, and then often refused to give the money back," the group's report said. In some cases, children did not know that they were spending real money because they didn't realize their parents' credit cards were connected to their Facebook accounts, the report said.

"For years, the company ignored warnings from its own employees that it was bamboozling children," the report said.
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