Facebook is Dying, New Class Action Lawsuit Takes Aim
Timcast News
Timcast Media
4.6 • 7.4K Ratings
🗓️ 28 March 2018
⏱️ 17 minutes
🧾️ Download transcript
Summary
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Facebook is in the mist of a major crisis. Its stock is falling, users are leaving, and now Play-boy has joined Elon Musk is deactivating its page on the platform.
But why is this happening? Well Musk says Facebook gives him the willies and they certainly collect data from people who never gave them permission.
The latest news is that several people are filing a lawsuit against Facebook and seeking class action status for the invasion of privacy.
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Transcript
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| 0:00.0 | Let me ask you a question and you can answer us in the comments. Do you really like Facebook? |
| 0:04.9 | Because we usually want to ask people they tell me they hate Facebook. They don't like the news |
| 0:09.5 | feed that they only really use it for messenger. I mean that's really the only reason I use Facebook. |
| 0:14.3 | I don't even have the app on my phone anymore. Many people have been talking about the demise of |
| 0:19.1 | Facebook saying that this is truly the point at which the platform will slowly die off. And the |
| 0:25.3 | reason for this is that there is a huge backlash following news that Cambridge Analytica, a data firm, |
| 0:31.5 | was using data it wasn't supposed to have access to. The hashtag delete Facebook started to trend |
| 0:37.0 | worldwide. Many news organizations started to run articles explaining how to deactivate and even |
| 0:42.8 | delete your Facebook account. Facebook's stock then began to fall. We saw Elon Musk announced on |
| 0:49.6 | Twitter that he had deleted Tesla and SpaceX from Facebook. So certainly there does seem to be a |
| 0:56.4 | case to state that Facebook may be in the decline. But new information has just come to light. |
| 1:02.9 | This morning it was announced that Playboy was also deleting its Facebook page. That would |
| 1:08.5 | affect nearly 25 million fans. So let me ask you again how do you feel about Facebook and |
| 1:15.7 | do you think it might actually be dying? Now in spite of everything I said there are certainly |
| 1:26.6 | people who think nothing will bring about the end of Facebook. That it's much too large. It's in |
| 1:32.1 | way too many countries and no matter what scandal breaks, no matter how many users leave, there's still |
| 1:37.1 | going to be a billion users on the platform and the company will probably be fine. But before I move |
| 1:43.2 | on let me give a quick shout out to today's sponsor. You haven't already. Make sure you hit that |
| 1:47.3 | subscribe button and click the bell because a lot of people are telling me they're not getting my |
| 1:51.3 | videos in their feed and that's one way to ensure you do. But also make sure to go to patreon.com |
| 1:56.4 | forward slash Timcast and become a patron today. There are many different tiers to choose from. |
| 2:00.5 | Most notably at tier one you get access to behind the scenes photos and videos and bonus commentary |
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