The Price of Profits: A Brief History of Facebook’s Privacy Practices
This essay examines Facebook's (now Meta) privacy practices, highlighting numerous controversies and scandals. It details the extensive data collection methods used to fuel revenue through targeted ads, and significant incidents such as the Cambridge Analytica scandal and internal memos prioritizing growth over user welfare. The analysis reveals Facebook’s hefty fines, the impact on user trust, and the financial repercussions, arguing that Meta’s focus on profits has led to persistent privacy violations and ethical concerns. The essay concludes with a reflection on the implications for shareholders and society.