Discussion Board

In March, Facebook acknowledges that they are storing password and information of millions of user on the company`s sever without encryption. It adds no password was leaked but the company found no indication that sensitive data was improperly accessed.

Facebook is advertising social media company who earn money by advertising. Most of the people don’t know they also use your personal information for advertising. For example if your age is between 18 to 25 and you are student in U.S , you will start getting the advertisement of student loan that’s how they uses your information.

Facebook is the largest social media website now a days but most of the people don’t know they have lost Last year, about 87 million people's profile data. For this issue the user of Facebook have lost the confidence on Facebook and Facebook CEO Mark Zuckerberg's has been facing the Court. According to me they have violated the third commandment of computer ethics which is Thou Shalt Not Snoop Around In Other People’s Computer Files. as we can see the last three years data of Facebook assets, we can conclude that in 2018 Total assets of Facebook had been not increased as compare to 2017 and 2017. The main cause of this people`s profile data lost by Facebook.

Facebook total assets for 2018 were $97.334B, a 15.16% increase from 2017.

Facebook total assets for 2017 were $84.524B, a 30.11% increase from 2016.

Facebook total assets for 2016 were $64.961B, a 31.48% increase from 2015.

In the past he yahoo did the same mistake and they already lost most of their market share from Google and Hotmail. Main social media depends upon trust and if the customers in social media has lost the trust the company has to suffer major loses.

With My experience if you lost the trust of customer you will lose the business. For example in past specially in sales department when someone switches to another job and hired by the competitor that competitor also take the old companies customers to the new company. To resolve this kind of issue most of the companies make a Law like you can job our competitor or you cant work with 100 miles radius of the company.

https://cybersecurityventures.com/cybercrime-diary-q2-2019/

https://www.cnet.com/news/conspiracy-theories-or-no-theres-a-good-reason-not-to-trust-tech-companies/

https://www.macrotrends.net/stocks/charts/FB/facebook/total-assets