Tech: Time to De-Friend Facebook?
Industry Focus
The Motley Fool
4.6 • 854 Ratings
🗓️ 23 March 2018
⏱️ 28 minutes
🧾️ Download transcript
Summary
A lot of people aren't happy with the social media company these days. We run through the Cambridge Analytica data harvesting story, talk about the existing trend of people leaving Facebook, and work through how we feel about the company as shareholders.
Thanks to Harry’s for supporting Industry Focus. Get your free trial set – go to Harrys.com/fool
Transcript
Click on a timestamp to play from that location
| 0:00.0 | Thanks to Harries for supporting Industry Focus. |
| 0:02.8 | Harries is so confident that you're going to love their blades. |
| 0:05.2 | They'll give you their free trial shave set. |
| 0:07.6 | All you need to do is sign up at Harries.com slash Fool and pay for shipping. |
| 0:12.0 | Welcome to Industry Focus, the podcast that dives into a different sector of the stock market every day. |
| 0:19.0 | It's Friday, March 23rd, and we're talking tech and whether to defriend Facebook. I'm your host |
| 0:24.4 | Dylan Lewis and I'm joined on Skype by senior tech specialist Evan New. |
| 0:28.0 | Evan, it's been a pretty brutal week for Facebook and Mark Zuckerberg. I think that's an understatement. I can't really |
| 0:37.7 | think of a worse playbook for how to handle a corporate crisis than maybe what we saw play out over the past couple |
| 0:44.7 | days. |
| 0:45.7 | It's been a little bit all over the place. |
| 0:47.3 | We're going to run through the timeline of what's happened with this Cambridge Analytica story. |
| 0:51.7 | But the thing that was so tough for me to see is the immediate denial of any |
| 0:57.0 | like trouble or wrongdoing or saying, oh, this wasn't a hack, this wasn't a breach. |
| 1:01.9 | When you see a company do that from the get-go, |
| 1:04.6 | that always makes you kind of scratch your head a little bit. |
| 1:07.2 | Yeah, their response from the very beginning to the story |
| 1:10.3 | has been very, you know, not the best way to handle a scandal like this and so for |
| 1:16.8 | people that may not be familiar with what's been going on and this is something |
| 1:21.8 | has been years in the making. |
| 1:23.4 | So Facebook used to allow third party apps |
| 1:26.4 | to scrape user information, |
... |
Please login to see the full transcript.
Disclaimer: The podcast and artwork embedded on this page are from The Motley Fool, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of The Motley Fool and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2026.