Social media giant Facebook is in the middle of its worst nightmare, with a lot of angry users and legal folk over how it protected user's private data.
Thanks to the nightmare called Cambridge Analytica, Facebook had a terrible last week, where it lost over $50 billion of its value. The social media giant knew it had messed up big time, and wasted no time in apologizing for its conduct through major newspapers yesterday.
REUTERS / Mark Zuckerberg is sorry
Facebook's apology was carried in the Sunday edition of The Wall Street Journal, New York Times, Washington Post and six other major British newspapers. The apology was published in the form of full page ads.
It was in the form of a letter written by Facebook CEO Mark Zuckerberg, reiterating most of what he said on Wednesday -- when he broke his silence for the first time on Facebook's private user data leak issue.
In the published ads, Facebook said it's limiting the data apps receive when users sign into them through Facebook.?
To try and regain user confidence, Facebook said it's also investigating every app that had access to large amounts of data, like the one Cambridge Analytica got access to.
"We expect there are others. And when we find them, we will ban them and tell everyone affected," the ads stated.
Now for the trillion dollar questions -- Is all of this enough? Is Facebook and Mark Zuckerberg's response proportionate to the scale of this problem? Will Facebook ever be the same again?
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