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FYI

Is Facebook Crazy, Or Are We?

The following is excerpted from Bob Hoffman's often humorous and always informative The Ad Contrarian newsletter.

Is Facebook Crazy, Or Are We?

By External Source

The following is excerpted from Bob Hoffman's often humorous and always informative The Ad Contrarian newsletter.


Facebook advertised their app on services beloved by teens, like Snapchat and Instagram, seeking participants between the ages of 13 and 35. The sign-up process required minors to get parental consent. (How rigorous? Users simply had to scroll down and click on a check box.)"

The story gets juicier as Apple, pissed off about Facebook's abuse of one of its product to conduct this espionage, entered the fray and crippled Facebook's internal communication and information networks. "This is because the same (Apple) certificate that authenticated the research apps was also used in the key internal Facebook apps its tens of thousands of employees use every day," says Business Insider.

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If that wasn't enough to grind your gears, there's this. This week it was reported that Facebook had crippled transparency tools by ProPublica and other user-friendly organizations that allow consumers to see how Facebook's advertisers are targeting them.

Senator Mark Warner said, “This is very concerning...Investigative groups like ProPublica need access to this information in order to track and report on the opaque and frequently deceptive world of online advertising.”

One would think that the last thing Facebook needs at this point is headlines about new secret spying schemes and efforts to thwart transparency. But, one would be wrong. Here's why Facebook and the rest of the online ad industry continue to go all-in on surveillance and don't give a flying shit about privacy ...

...this week, Facebook reported record profits of almost 7 billion dollars as revenue grew 30% this quarter.

Are they crazy, or are we?

 

 

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Drake
Drake / Instagram

Drake

Business News

OVO Sells Majority Stake to Authentic Brands Group, Drake Retains Significant Ownership

Drake will continue to shape the creative vision of the company he co-founded while scaling globally. Authentic Brands Group's portfolio includes Sports Illustrated magazine and the personal brands of Elvis Presley and Shaquille O'Neal, among others.

October’s Very Own has a new home.

Authentic Brands Group has announced the acquisition of a majority stake in the intellectual property of October's Very Own, also known as OVO, the lifestyle brand and apparel company co-founded by Drake. The Toronto rapper will retain a significant ownership stake and remain involved with the brand as its driving force, continuing to shape its creative vision.

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