In the last few years, social media giant Facebook has seen major success in selling personalized ads, based on the user profiles. In 2017, the company generated nearly $40 bn in ad revenues, accounting for 20 percent of the global online advertising market. Ad revenues make for 98% of Facebook’s total revenues. However, the latest scandal, wherein a UK-based data-mining company has been accused of using information of Facebook users to manipulate US elections, has put the networking major in trouble.The good to come out of this Facebook scandal is that people could get smarter about online footprint. So guys be aware of your Facebook privacy settings and do take care of your Facebook account manage your account time to time. Change your privacy settings from public to private if you already have done than it is good. Aware of online scams read the articles and news in routine.
Facebook stock is down more than 15% since the Cambridge Analytica data breach surfaced on March 17, which has led to calls for government investigations and regulations on the world’s largest social network, both in the U.S. and UK.In an online survey one, in 10 people said they will stop using Facebook by either taking a break or deleting their account. During this scam, Elon Musk has removed both of his companies facebook pages after being challenged to do so by a few of his followers. The pages both SpaceX and Tesla are now inactive. Each had around 2.6 million followers.

The data was collected from people without their knowledge, but Facebook said that users had their privacy settings on to allow it. The good to come out of this Facebook episode is that people get smarter about their online footprint. The social network said this was done with users’ permission.
As we understand it now the UK-based data-mining company has been accused of using information of Facebook users to manipulate US elections, has put the networking major in trouble terms of service, reportedly. The fallout has been severe, with numerous lawsuits, governmental inquiries, a#DeleteFacebook user boycott campaign, and a sharp drop in share price that’s erased nearly $100 billion of the company’s market cap.
Mark Zuckerberg apologize for a huge data privacy scandal. He explained there was a quiz developed by university researchers that leaked the data. he said we’re now taking a step to make sure this doesn’t happen again.
Chris Wylie, the former Cambridge Analytica employee turned whistleblower whose revelations about Facebook data being misused for political campaigning has wiped billions off the share price of the company in recent days and led to the FTC opening a fresh investigation, has suggested the scale of the data leak is substantially larger than has been reported so far.Here you can get tips and tricks how to use Facebook safely and secure your account from various hacker .digimonk.in/ -here you can get complete knowledge of SMM, SEO, etc. so guys be aware of your Facebook privacy setting and do take care of your account …

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