https://money.cnn.com/2018/07/26/technology/business/facebook-stock-drop/index.html
This is a short article intended to highlight one thing: invading your privacy makes other people money. The more they know about your shopping habits, what you like and don’t like, political leanings et al, the more they peddle that knowledge to others who will attempt to manipulate you into buying their product, be it a candy bar or a presidential candidate.
The more pervasive the rectal probe into your private life, the more money they make.
When it was announced that they would start creating and enforcing privacy measures, Facebook lost one hundred and nineteen BILLION. This is how disappointed their investors are, and what they think will happen to their income as a result.
All that said, do you really think they’re going to stop invading your privacy? The answer is no, they just won’t do anything new and are wrapping controls around what they already have. As a result of these minimal – basic – efforts, this is the financial repercussion.
Privacy you loose is something you’re never getting back because there’s no financial incentive to do so. Once a means of retaining privacy is gone (purchasing habits or cookie policies, carriers monitoring web traffic for advertising purposes, net neutrality, etc) we’re never getting it back.
Defend your privacy with every breath because once it’s gone, it’s gone.