What They’re Saying: Zuckerberg Testifies Amid Facebook Scandal
Earlier this week, ultra-rich and seemingly malnourished social media monolith Mark Zuckerberg testified before a continually befuddled U.S. Congress about the Facebook scandal regarding the private information of its unwary users.
However, despite getting turned into a plethora of memes during his time in Washington DC, it’s patently unclear what, if anything, will come as a result of the testimony, in which Zuckerberg said that data was even coming from users who didn’t actually have their own Facebook accounts.
Zuckerberg’s appearance before Congress came within the short window of time in which Cambridge Analytica—the other company embroiled in ongoing Facebook scandal—watched as its CEO Alexander Nix stepped down from his role. Check out how business schools are reacting to the recent news below.
In the first of two Congressional hearings this week, @finkd made no promises to support new legislation or to change how @Facebook does business, despite recent data breaches and controversy. https://t.co/72Xuv4DUge @ReutersBiz.
— MIT Sloan Experts (@mitsloanexperts) April 12, 2018
When I opened my file, it was like opening Pandora’s box. (Via @nytimes) https://t.co/VQl9Diu3pM
— MIT Tech Review (@techreview) April 12, 2018
Marketing and Strategy Professor Tim Derdenger talks with @Marketplace @Erika_Beras about the fallout from Facebook’s mishandling of user data and impact on other advertising revenue business models, like Google #TepperFaculty https://t.co/C30HJNX69T pic.twitter.com/74lOiPxOWH
— Tepper CMU (@teppercmu) April 11, 2018
.@profgalloway discusses the controversy surrounding #Facebook via @bsurveillance. Listen here: https://t.co/Yy9i9NQNKv
— NYU Stern (@NYUStern) April 11, 2018
Why was protecting data not a top priority at Facebook before the Cambridge Analytica scandal blew up? “This probably reflects on managerial experience” suggests @Wharton’s David Hsu https://t.co/vBXafqKdGW
— Knowledge@Wharton (@whartonknows) April 7, 2018
Stanford Study Explores Privacy Paradox Among Online Consumers
If you think people are a bit apprehensive when giving away personal information, think again. The Stanford Graduate School of Business recently explored new research that finds people are more than willing to give up that potentially sensitive personal information when there’s an incentive on the table.
