Regulation, rants and reputation: the Facebook perfect storm

These are tough times for Facebook. The company has suffered many small upsets in the past two years but kept growing, which for the whole trade meant they were doing everything alright. Now that the Cambridge Analytica scandal not only came to the surface but also gave unequivocal proof that it’s just the tip of the iceberg, the Palo Alto behemoth should conclude that the last two years were delightful compared to the scrutiny, pressure and financial loss Facebook should experience from now on. But outside Palo Alto, one question that the whole trade should be doing itself is: is it surprising that an industry that lives and dies for the goals set by marketing and sales departments rips off any regulation and break rules that can restrict potential revenues? Continue reading “Regulation, rants and reputation: the Facebook perfect storm”