FB repeatedly fails in ensuring user privacy by invading multiple times into user’s personal data
As of Jan 2021, the world had nearly 4.66 Bn active internet users globally, accounting for 59.5% of the global population1. According to a study, nearly 80% of social media (SM) users worry about personal data being accessed & used by advertisers and businesses3. Loss of data privacy is a major problem that impacts global internet users every year2. Of those who have been victims of online data stealing, an estimated 27% suffered a loss between $100 to $10,000 or more2.
World’s 2nd most popular social media platform, Facebook, fosters businesses
One of Social media's advantages is that it allows businesses to expand and venture into new dimensions1, making it easier to access a broader audience. Globally, there are over 3Bn people who use social media1. Research shows, 71% of consumers recommend the brand if they have had a good social media service experience1.
Facebook allowed Chinese Communist Party to promote Uyghur disinformation for $400
The ILO estimates that over 24.9 Mn people are subjected to forced labor2. Around 4.1 Mn people (17%) are under state-imposed forced labor2. Over $150 Bn in illegal profits comes from forced labor, out of which $99 Bn comes from sexual exploitation, while $51 Bn comes from exploitation through economic activities, among others2.
Fake news spread through Facebook and WhatsApp lead to breakouts of violence in India
In 2019, a survey of English-language internet users in India found that 52% of respondents got news via WhatsApp and Facebook5. Research shows that WhatsApp is a major source of fake news and disinformation, as one out of 2 users in India receives fake news from these sources6.
Facebook owns the four most downloaded apps of the past decade. Now it's facing an antitrust suit.
Anti-trust enforcement in the United States has declined from 593 in 1971 to 100 in 20171, leading to a higher market concentration2;p2. The decrease of competition 2;p1 harms innovation, wages, and productivity growth2;p1-17. However, how market concentration affects consumers when the service is free-fee is still discussed2;p17. Huge control of information is one of the concerns6.