Is Facebook in danger?

On the fallout from Mark Zuckerberg's 'privacy bombshell'

A sinking Facebook logo.

The smartest insight and analysis, from all perspectives, rounded up from around the web:

"Mark Zuckerberg has yet another mess on his hands," said Maya Kosoff at Vanity​ Fair. After spending last week on a "cringe-inducing apology tour," following revelations that a political data firm had plundered the personal data of more than 50 million Facebook users, the Facebook CEO was forced this week to respond to "another privacy bombshell." Android phone owners discovered that the social network had been keeping detailed logs of their phone calls and texts, in some cases for years. Facebook was quick to argue that the data collection was "entirely aboveboard" and listed in the fine print of its app's user agreement. But that did little to appease "horrified" users — and only seemed to accelerate the growing #DeleteFacebook movement. Zuckerberg appears to think he "only needs to tweak Facebook's approach" to vacuuming up users' data in order to ride out this wave of discontent, said The Economist. But the company has lost some $90 billion in market value in just two weeks, and the "chances of a regulatory backlash are growing" on both sides of the Atlantic. Facebook is in the midst of a "reputational meltdown," and if it isn't careful, its "entire business model will be at risk."

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