Facebook's fate

Mark Zuckerberg is facing the second day of questioning following the Cambridge Analytica scandal. Zuckerberg’s mea culpa for failing in oversight and responsibility was backed by a promise to make sure Facebook's "tools are used for good" going forward.

Meanwhile the EU response to the misuse of data has been gathering pace, whilst UK MPs are simmering at having been sent a substitute for their hearing.

All in all Facebook has had better months, although its share price has seen some recovery. The likely outcome is that further consumer data protection legislation will appear all over the world, but that it may be hard to effectively create greater privacy given that the technology is converging and consumers seek unified technologies.

During the first day of the hearing Zuckerberg said that he would welcome stronger regulation, if it was the "right regulation." Which really doesn't define much.
Moreover he appeared to hint a future paid-for Facebook to run alongside existing operations.

    Share Story:

Recent Stories


The future-ready CFO: Driving strategic growth and innovation
This National Technology News webinar sponsored by Sage will explore how CFOs can leverage their unique blend of financial acumen, technological savvy, and strategic mindset to foster cross-functional collaboration and shape overall company direction. Attendees will gain insights into breaking down operational silos, aligning goals across departments like IT, operations, HR, and marketing, and utilising technology to enable real-time data sharing and visibility.

The corporate roadmap to payment excellence: Keeping pace with emerging trends to maximise growth opportunities
In today's rapidly evolving finance and accounting landscape, one of the biggest challenges organisations face is attracting and retaining top talent. As automation and AI revolutionise the profession, finance teams require new skillsets centred on analysis, collaboration, and strategic thinking to drive sustainable competitive advantage.