Social media sites are fine, but when they can be easily abused like what Cambridge Analytica had done, then it is understandable why they deserve criticism.
- Cambridge Analytica - You are playing with an entire country
Christopher Wylie, who worked for data firm Cambridge Analytica, reveals how personal information was taken without authorisation in early 2014 to build a system that could profile individual US voters in order to target them with personalised political advertisements. At the time the company was owned by the hedge fund billionaire Robert Mercer, and headed at the time by Donald Trump’s key adviser, Steve Bannon. Its CEO is Alexander Nix
The British data firm described as “pivotal” in Donald Trump’s presidential victory was behind a ‘data grab’ of more than 50 million Facebook profiles, a whistleblower has revealed to Channel 4 News.
In an exclusive television interview, Chris Wylie, former Research Director at Cambridge Analytica tells all.
My gripe goes towards credit card data mining firms that gather data from credit card transactions and then make their data to somehow easily get hacked. Then the mess gets left to customers having to defend their own credit scores and personal data from being abused or bank accounts being drained.
Part of the concept of creation of CFPB in 2010 was to assist US citizens from being accosted by various financial institutions (banks Wells Fargo. fraudulent loan mortgages Country Wide etc) and credit card data being collected by for profit firms. The CFPB has been transformed from protecting USA citizens to being an agency to go after citizens at the request of financial institutions...."that are too big to fail"....yeah I remember that phrase from J. Dimon and Goldman Sachs when they lost money and walked away with excuse...."can't do anything about it" Common folks will have no problem doing something about that as a future return gesture....if things get that bad down the road.
Index 
Flat 
one reason why users can avoid social media
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