Last week, Facebook CEO and Founder Mark Zuckerberg was in a 10-hour-long grilling by the U.S. lawmakers. One of the question they kept asking him time and time again, but Zuckerberg cleverly dodged over and over, is how Facebook makes its money.
Well, you know the answer to that is pretty straight forward. Facebook gets its money from you – you are the merchandise Facebook is selling – as it sells you to marketers online. Facebook is a giant and ever thirsty online funnel sucking in as much of your data as possible; over the years the social network has become even bold. There are accusations saying the Facebook mobile app listens on you even when you have not actively launched the app. The app is allegedly to also log your phone calls, SMS, and actively listens on you via your phone’s mic when in standby mode.
With over two billion people in the world on Facebook, the social network has a huge database to sell with marketers. That data is highly refined that marketers can serve you ads targeted with razor precision, all thanks to the …read more