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Facebook CEOs used personal data as an instrument of personal enrichment and in fight with competitors

Facebook founder Mark Zuckerberg used users’ personal data for increasing profits and reaching leading position on the market.

About this reports NBC channel that gained access to 4000 pages of company’s internal documents. Documents are dated between 2011 and 2015 and include personal emails, chat messages, presentations etc.

TV channel argues that Zuckerberg and other Facebook senior managers allowed mutually beneficial agreements with other companies and one of the points was access to users’ personal data.

“These freshly leaked documents show that the plans to sell access to user data were discussed for years and received support from Facebook’s most senior executives, including Zuckerberg, chief operating officer Sheryl Sandberg, chief product officer Chris Cox and VP of growth Javier Olivan. Facebook declined to make them available for comment”, — informed NBC.

In some cases, Facebook provided access to data as a bounty, in others – refused in it to rivaling companies. NBC emphasizes that these deals were done amid repeating Zuckerberg’s claims about protection of user’s data.

As an example TV channel gives agreement with Amazon it terms of which Facebook provided Jeff Bezos Company with “expanded access to user’s data” for investments in advertisement of social network and cooperation while launching new smartphone Fire.

Mark Zuckerberg
Facebook CEO Mark Zuckerberg delivers the keynote address at the F8 developer conference in San Francisco in 2014

According to NBC materials, Facebook CEOs had several methods of soliciting compensation from applications for access to users’ details as payments, expenses on advertisement and data exchange. Finally, Facebook decided not to sell details directly but transit them to developers of applications that were personal Zuckerberg’s “friends” or to those who invested in Facebook.

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Source: www.nbcnews.com

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About Sophia Zimmerman

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2 comments

  1. It’s time to delete my facebook account. Cynical bastards!

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