Facebook's Zuckerberg denies selling people's data

Agencies
January 25, 2019

San Francisco, Jan 25: Facebook co-founder and chief Mark Zuckerberg on Thursday renewed his defense of the social network's business, arguing that targeting ads based on interests was different from selling people's data.

"If we're committed to serving everyone, then we need a service that is affordable to everyone," Zuckerberg said in an opinion piece published in the Wall Street Journal.

"The best way to do that is to offer services for free, which ads enable us to do."

2018 was a horrific year for Facebook, marked by a series of scandals over data protection and privacy and concerns that the leading social network had been manipulated by foreign interests for political purposes.

Despite the scandals, Facebook revenue and user numbers have continued to grow.

Making ads relevant, and less annoying, involves understanding people's interests, according to Zuckerberg.

Facebook uses "signals" such as pages users "like" and what they share about themselves to target advertising.

"Sometimes this means people assume we do things that we don't do," Zuckerberg said of the business of supporting the social network with targeted ads.

"For example, we don't sell people's data, even though it's often reported that we do."

Selling user data would not only undermine essential trust in the social network, it would go against Facebook's business interests because rivals could use it to compete for advertising, he reasoned.

Facebook also provides users with controls regarding information used for ad targeting and lets them block advertisers, Zuckerberg pointed out.

Criticism of Facebook has included the social network being used as a platform to spread divisive or misleading information, as was the case during the 2016 election that put US President Donald Trump in the White House.

"Clickbait and other junk may drive engagement in the near term, but it would be foolish for us to show this intentionally, because it's not what people want," Zuckerberg wrote.

"Another question is whether we leave harmful or divisive content up because it drives engagement. We don't."

Facebook has been investing in artificial intelligence and adding employees devoted to ferreting out content that violates the social network's rules.

The expense could weigh on its quarterly earnings, due for release next week.

"The only reason bad content remains is because the people and artificial-intelligence systems we use to review it are not perfect -- not because we have an incentive to ignore it," he said.

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Agencies
August 3,2020

New York, Aug 3: The number of coronavirus cases confirmed all over the world has surpassed 18 million, while the global COVID-19 death toll stands at over 687,000 according to data from the Johns Hopkins University's Coronavirus Resource Center.

As of 06:00 Moscow time on Monday (03:00 GMT), there are 18,017,556 confirmed coronavirus cases in the world. The global death toll from COVID-19 stands at 687,930. The number of recovered individuals stands at 10,649,108.

The United States remains the country with the largest number of cases (4,665,932) and the highest COVID-19 death toll (154,841), according to the latest data from the Johns Hopkins University.

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News Network
May 18,2020

Washington, May 18: US President Donald Trump on Sunday called his predecessor Barak Obama a ‘grossly incompetent president’.

The Trump’s reaction came after Obama on Saturday criticised the US authorities' response to the coronavirus outbreak.

“He (Obama) was an incompetent president. That’s all I can say. Grossly incompetent,” Trump told reporters at the White House on his arrival from Camp David.

Trump was responding to a question on the virtual commencement address by Obama a day earlier.

In his address to college graduates, Obama had said that the COVID-19 pandemic has exposed the American leadership.

“More than anything, this pandemic has fully, finally torn back the curtain on the idea that so many of the folks in charge know what they’re doing,” Obama said without naming officials.

“A lot of them aren’t even pretending to be in charge,” he added.

There was no immediate response from the office of the former president on the remarks made by Trump.

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News Network
February 18,2020

New Delhi, Feb 18: India emerged as the world's fifth-largest economy by overtaking the UK and France in 2019, says a report.

A US-based think tank World Population Review in its report said that India is developing into an open-market economy from its previous autarkic policies.

"India's economy is the fifth-largest in the world with a GDP of $2.94 trillion, overtaking the UK and France in 2019 to take the fifth spot," it said.

The size of the UK economy is $2.83 trillion and that of France is $2.71 trillion.

The report further said that in purchasing power parity (PPP) terms, India's GDP (PPP) is $10.51 trillion, exceeding that of Japan and Germany. Due to India's high population, India's GDP per capita is $2,170 (for comparison, the US is $62,794).

India's real GDP growth, however, it said is expected to weaken for the third straight year from 7.5 per cent to 5 per cent.

The report observed that India's economic liberalisation began in the early 1990s and included industrial deregulation, reduced control on foreign trade and investment, and privatisation of state-owned enterprises.

"These measures have helped India accelerate economic growth," it said.

India's service sector is the fast-growing sector in the world accounting for 60 per cent of the economy and 28 per of employment, the report said, adding that manufacturing and agriculture are two other significant sectors of the economy.

The US-based World Population Review is an independent organisation without any political affiliations.

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