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Amidst Negative Reports About Facebook, Its Stock Shares Keeps Rising

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Facebook Inc. on Wednesday reported an increase in the number of users and a rise in profit by 63%. The social network recorded a 13% increase in the number of active monthly users which rose to 2.2 billion. It"s been two years since the social network marked such massive achievement. Despite its scandal with Cambridge Analytica and its hearing with the US lawmakers and its sanctions from other countries, it did not affect the business. In fact, the scandal has been a blessing disguise; it apparently boosted Facebook"s popularity. Read more: Facebook’s Quarterly Earnings Are A Bright Spot Amidst A Sea Of Bad Headlines After the devastating disclosure in March that the British consultancy, Cambridge Analytica had harvested the information of about 85 million users to influence the US election, the social network subsequently lost about $50b as the scandal progressed. During this time, the investors called for his resignation, but he couldn"t be unseated because even thoug...

Elon Musk Deletes Facebook Pages For Tesla And SpaceX Following The #DeleteFacebook Campaign

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This week has been a rocky one for Facebook after the scandal involved with the British political consulting firm which allegedly extracted the data of 50 million users on Facebook for shady purposes. Following this revelation, many people took to Twitter to announce that they would quit using the social network with the #deleteFacebook which went viral.  While many users decided to defend Facebook, it came as a shock that Elon Musk, owner of Tesla and SpaceX joins the bandwagon. The entire show started after Brian Acton, the co-founder of WhatsApp coined the #deleteFacebook hashtag on Twitter. It began as a dare game on Twitter but resulted in the significant news. The day the Federal Trade Commission opened an investigation into the case of Cambridge Analytica and Facebook, Mr. Acton tweeted, "it"s time to #deleteFacebook." In response, Musk stated, "What"s Facebook?" It wasn"t sure if he was joking, but another tweeter decided to begin a truth and...

#DeleteFacebook Trends On Twitter Following The Cambridge Analytica Data Misuse

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The latest allegations against Facebook is not going well with users as #DeleteFacebook has been trending on Twitter. Many users are uncomfortable with the knowledge that Cambridge Analytica accessed personal data from 50 million Facebook users to influence the 2016 presidential election in the United States. A lot of users have taken to Twitter to persuade other users to delete Facebook or boycott the social media with hashtags- #DeleteFacebook and #BoycottFacebook. A trending tweet read: " Finally deleted my @facebook account. If you"re angry about what Facebook has done with our data, then just #deletefacebook. We all moved from MySpace; we can move on from facebook too. Remember we aren"t the customers we are the product ." Nevertheless, it"s ironical to backlash a social media platform with another that could be guilty of a similar offense.  Without a doubt, every social media platform gathers data on users- Twitter, Instagram, Snapchat, and a host of man...