FaceBook is a privately held firm, and much – if not all – of their financial facts are not public record, so any remarks by any firms other than FB themselves are pure speculation. That being observed, it has been remarked that FB does not generate significant revenue by advertising. Their “click through” rate is far less than half the industry norm. So “sharing” (that ‘s a poor euphemism for SELLING) contact information database is the solitary most valuable thing they have. Further complicating matters, FB’s apps have been well-known to be a repository for malware.
Facebook will soon share users’ phone numbers and addresses with 3rd parties
It’s been a while since we’ve had an uproar over Facebook’s handling of its users personal information, so we suppose the time is ripe.
So cue the online outrage: Facebook announced today in a letter to Congress that the social-media platform is moving forward with plans to give Read the rest of this entry »
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