Users would have to pay for a Facebook free of data driven ads
Facebook’s COO Sheryl Sandberg declared that Facebook for the most part depends on its users’ data and so to avoid all the advertising, users may well have to pay for that.
She was speaking earlier on NBC’s morning show 'Today’.
Facebook has come under intense criticism since it was revealed that British data mining company Cambridge Analytica obtained private information from more than 50 million Facebook profiles to influence elections with users not knowing about it.
Facebook is now saying that number could well be 87 million.
There are calls for Facebook to be regulated with its founder and CEO Mark Zuckerberg expected to testify before Congress next week.
During the interview on 'Today' Sandberg stressed that Facebook does not have a pay model and is now seeing to it that users can choose not to share some of their data. She went on to make it clear that Facebook does not sell its users personal information to advertisers.
As of next week, Facebook users will be able to see the entities they have shared their data with at the top of their news feeds and that there is an option to delete.
According to Vanity Fair, Facebook is worth over half a trillion dollars with Zuckerberg worth $76 billion.
The magazine quotes former Facebook executive Chamath Palihapitiya as saying, “social networks are destroying how society works,” and its founding president Sean Parker said: “God only knows what it is doing to our children’s brains.”
Founder and CEO of SpaceX and Tesla, Elon Musk, who deleted his company pages from Facebook tweeted: “It is not a political statement and I didn’t do this because someone dared me to do it. I just don’t like Facebook. Gives me the willies. Sorry.”
CEO of Apple Tim Cook took aim at Facebook monetizing user data on social platforms.
Zuckerberg shot back: “I find that argument, that if you’re not paying that somehow we can’t care about you, to be extremely glib. And not at all aligned with the truth."
Addressing the Cambridge Analytica situation, the Facebook boss said : “This was a breach of trust and I’m sorry we didn’t do more at the time. We have a responsibility to protect your information. If we can’t, we don’t deserve it.”