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Chapter 9 - Social Media Ethics Section 1: Facebook, Twitter, and Google – Oh My!

from Part III - Ethical Issues in Social Media and Internet Research

Published online by Cambridge University Press:  07 November 2019

Thomas D. Parsons
Thomas D. Parsons
Affiliation:
University of North Texas
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Summary

On Thursday, July 26, 2018, Facebook experienced the largest single-day drop in value in Wall Street history. On that day, Facebook’s market value plummeted by more than $100 billion (down 19 percent). Why did this happen? While part of this reflects declining growth in users and revenue, a good deal of the loss can be attributed to Facebook’s years of privacy lapses. Facebook’s principal approach to revenue generation violates the ethical principle of privacy.

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Ethical Challenges in Digital Psychology and Cyberpsychology , pp. 171 - 191
Publisher: Cambridge University Press
Print publication year: 2019

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