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BBCNEWS Disclosure October 9, 2021 13:38:00

Our personal data is worth a fortune. last year, alphabet, the parent company of google and youtube, generated over £100 billion in revenue from online adverts, and it s practically facebook s whole business model. i m going to meet a researcher who has been investigating this digital economy, and is concerned on behalf of his own kids. the core business model of the googles, of the facebooks, for all that they do and for all the innovation that they bring, ultimately, they are ad companies. so they are hugely invested in keeping this model alive. is there a reason why they would actually be specifically interested in a child s perspective of the world, or children s data? by the time the average child is 13, the ad tech industry has collected 72 million data points about that child. ....

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MSNBC Hallie Jackson Reports October 4, 2021 19:09:00

I think people who have been watching the tech industry know facebook s core business model, right? hagan says facebook was fundamentally opposed to a private experience. with engagement, people are angry, that s what gets the clicks. i want to play for you how ms. davis responded to this line of questioning here. watch. so is the core business model something facebook is willing to look at in order to improve people s safety on the site? i think it s sort of a short-sighted way of thinking about this. this is actually sort of an inaccurate way of thinking about our business model. we ve actually had changes, for example, where we adjusted our news feed. it brought down the time spent by about 50 million hours a day, which is exactly what people would think would be contrary to our business portal, but it s a ....

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MSNBC Velshi September 25, 2021 13:33:00

What does success look like to you now? so, ali, we have to recognize that congress has a super important role here. the economy in 2021 is really different than the economy of the 20th century for which most of the regulations was created so we do nied congress to pass law that require safety in technology products and to create some kind of privacy protections for consumers so they can t be exploited and then to re-write the antitrust laws to develop, but that s going to take years? what are we going to do in the short run? we tried pleading with this company and they won t do anything about it. i think we need to recognize that there are six areas at a minimum where facebook has evidence of criminal activity. as i said, i think the core business model may violate rico. not for all of it, but just for certain cases. there s a case that was just consolidated in delaware and related to insider trading. ....

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MSNBC Velshi June 4, 2024 13:51:00

The trick in the very short run is that the damage, you know, is just going on in realtime. as brandy points out, and brandy is by far the best person on this stuff, it s so bad that biden needs to play hardball in order to get internet platforms to pay attention. right now they re just sitting there and doing the bare minimum to diffuse political pressure. and at the same time, the core business model is just making the problem worse and worse, and that s true not just in democracy, not just in public health, but frankly, it has to do with the whole way the economy works. and so i believe that biden needs to use his newly announced head of the antitrust division of the justice department to take up the texas price fixing case against google and facebook. that is the fastest way to get their attention because price fixing is the biggest antitrust crime, and it is punishable by prison sentences for the executives of the affected ....

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CNN Reliable Sources November 3, 2019 16:15:00

Lies about propaganda, et cetera, i think we need to hold facebook accountable because they absolutely should not be putting out all this information because it is screwing up the public discourse. they know it, we know it. we watched it happen in 2016 and they don t really seem to care because they re making more money. do you agree, do you think they don t care? think they can admit that the day-to-day market that s showing political ads, that s a slippery slope and would lose money. twitter doesn t make that much money from political ads. they have this deep dive demographic data, so it was an easier decision for jack dorsey to make. if mark zuckerberg says they can run political ads, it undermines the core business model and that s what we re seeing here. they have said they don t make a lot of money from political ads, but i think it ....

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