This may end up getting out of hand; I sold my FB a week or so ago and now I'm considering lightening up on big info tech across the board -
this is going to be backlash to this.
The question is, will it effect the long-term trajectory of these companies or not?
https://arstechnica.com/information-technology/2018/03/facebook-scraped-call-text-message-data-for-years-from-android-phones/

Comments (5)
No. 1-5
Nicholas Ward
Nicholas Ward

Editor

That's a good question - I mean, to a certain extent, I always assumed that the data I generated on social media platforms was being collected and sold to advertisers...but I didn't expect for these companies to be tracking texts/phone calls. If this was going on in decades past there would be a massive privacy uproar - it'll be interesting to see what the public backlash is (if any) in this globalized digital age.

paul1989
paul1989

Interesting... can we trust anyone anymore???

Nicholas Ward
Nicholas Ward

Editor

Yes, I'm sure all of the big tech companies are doing much more than we all think with regard to data collection - for the first time I'm beginning to be concerned about growth from FB/GOOGL/AMZN...I don't expect to see negative growth from these names, but I do think that forward estimates will fall as legislators get involved worldwide.

totallywildebeest
totallywildebeest

This should come as a surprise to no one, especially considering a few years ago FB made users download a separate app for their messenger feature. But will it affect FB's price long-term? My guess is no.

Fresh_Flours
Fresh_Flours

I would be surprised if google, amazon echo, etc aren't doing similar things to extract user data and info.