Facebook Isn’t The Only Social Media Site In A Downward Spiral
As the story broke, millions of Americans realized that by taking a simple quiz on Facebook, they had given up their personal data to feed an algorithm that was then used for political propaganda.
This massive financial loss isn’t just the consequence of scandal, it’s a symptom of a deeper crisis: investors know that the trust with which users once regarded Facebook and other social platforms cannot be restored.
Facebook and the shady data marketing firm Cambridge Analytica are dealing with the blowback of a recent scandal. And all of social media is feeling the heat.