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In reply to the discussion: On Boycotting Facebook [View all]Thekaspervote
(35,820 posts)Not to mention selling your data... yes selling it
Hold on a second, user data? That's right. In a series of scandals dating back to March 2018, Facebook has compromised user data, privacy, and security by granting multinational companies access to the personal information of its users. Most recently, The New York Times reported that Facebook gave several multinational companies the ability to access users' contact information, private messages, and friend lists. The companies include: Netflix (NFLX) and Spotify, which had access to users' private messages; Altaba (formerly Yahoo!) (AABA), which had access to the content published by a user's friends; Amazon (AMZN), which had access to the names and contact information of a users' friends; and Microsoft (MSFT), whose Bing search engine had access to the names on virtually every Facebook user's friends list. The exchanges took place as recently as last summer, which contradicts prior statements made by Facebook that the company had stopped selling access to user data years ago.
More at the link
https://www.investopedia.com/ask/answers/120114/how-does-facebook-fb-make-money.asp
Facebook's most valuable users are in the U.S. and Canada, generating $26.76 in average revenue per user (ARPU) in the fourth-quarter of 2017, $26.26 of that from advertising. For all of 2017, the average user in the U.S. and Canada generated $84.41 in ARPU. $81.92 of that came from advertising, making the region Facebook's most valuable on a revenue basis.