Is this the end of Facebook? Hardly. But it’s finally time that people are waking up to how much their data and privacy are violated. Most importantly, the market is also reacting to the data collection center, also known as the Cult of Zuckerberg.
On Wednesday, Playboy became the latest major company to announce that it is deactivating its Facebook account. It is a form of protest for the pornography publication because it opposes the social media juggernaut’s exploitation of user data.
Cooper Hefner, Playboy CCO, said in a statement that Facebook “contradicts our values”:
“The recent news about Facebook’s alleged mismanagement of users’ data has solidified our decision to suspend our activity on the platform at this time.
There are more than 25 million fans who engage with Playboy via our various Facebook pages, and we do not want to be complicit in exposing them to the reported practices. That is why we have announced that we will be leaving Facebook’s platform, deactivating the Playboy accounts that Playboy Enterprises manages directly.”
We are stepping away from Facebook pic.twitter.com/4yFIdk2eDE
— Cooper Hefner (@cooperhefner) March 28, 2018
The news didn’t seem to phase traders as Facebook shares are up more than one percent (at the time of this writing).
As noted, the Facebook stock has been battered this month, plummeting more than 12 percent.
Earlier this week, Elon Musk confirmed that he would be deactivating Tesla and SpaceX’s Facebook pages. Other companies have stated that they are suspending their advertising campaigns.
This is a crucial opportunity for a social network alternative. Don’t let the market down, boys!
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