Last night, Facebook CEO Mark Zuckerberg broke his silence and apologized on CNN. He also said it’s time to impose more regulations on technology companies as they play an increasingly important role in the world.
Facebook has become known as the platform for older adults, to share photos and keep in touch with friends and family. The younger crowd is migrating to other platforms, like Instagram, also owned by Facebook, and Snapchat.
And many don’t realize that Facebook is actually an advertising company,…with 98.5 percent of its revenue coming from ads.
Earlier this week … Canada’s privacy commissioner launched an investigation into Facebook. The investigation will look at whether Facebook has complied with the Personal Information Protection and Electronic Documents Act … which is Canada’s federal private sector privacy law.