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FB's leak was tied to Trump, whose election has many, many people outraged. That's the only reason why the media at large cares about FB's data leak right now.

FB's leak was tied to Trump, whose election has many, many people outraged. That's the only reason why the media at large cares about FB's data leak right now. That's especially not something to trade over today since the leaky API was fixed in 2014 or something. Considering all of the leaks/breaches that happen, FB is an outlier and not indicative unless something changes with regulations and the law.

swalsh 9y ago
I'd agree that the outrage is fueled by the election, but I don't think that diminishes the significance of the shift. I think it was the force that was required. Previously, the trade of "all your personal information" in exchange for finding out which harry potter character you were most like seemed reasonable to people. They didn't see the value in their data, and they trusted random 3rd parties with it. Now people are seeing it. It's like one of those 3d pictures. The "hidden" image was always there in plain sight. People just overlooked it until they stared at it hard enough.
- FLUX-YOU 9y ago
  Until FB faces real penalties or suddenly every company starts doing security correctly, there isn't a shift. Just congressional testimonies and FB trying to save itself, which is basically how every other breach usually goes. It's how Equifax went and before FB, that was the breach to do something about because of their position within the banking sector.
  - darepublic 9y ago
    Equifax is worse because it is a true monopoly. Cannot rent a condo buy a house do anything without dealing with those government backed extortionists. Whatever nyt or the left want to say you can absolutely live without fb, using it is a choice
joejerryronnie 9y ago
You're being downvoted because this is not the narrative the typical HNer wants to believe - but you are absolutely correct. And the public somehow realizing the inherent perils of collecting personal data is not why the stock market has been on a downward trend. It's trade war fears, professionals taking profits, and panicky concerns that we've reached the top of the market or peak of the economic cycle and the inevitable downturn is now upon us.
- Clubber 9y ago
  You're both probably wrong or right, who knows. No one knows why the stock market does what it does most of the time, they're just guessing.
  - joejerryronnie 9y ago
    This is true, but some guesses are better than others ;-)

swalsh 9y ago

I'd agree that the outrage is fueled by the election, but I don't think that diminishes the significance of the shift. I think it was the force that was required. Previously, the trade of "all your personal information" in exchange for finding out which harry potter character you were most like seemed reasonable to people. They didn't see the value in their data, and they trusted random 3rd parties with it. Now people are seeing it. It's like one of those 3d pictures. The "hidden" image was always there in plain sight. People just overlooked it until they stared at it hard enough.

FLUX-YOU 9y ago
Until FB faces real penalties or suddenly every company starts doing security correctly, there isn't a shift. Just congressional testimonies and FB trying to save itself, which is basically how every other breach usually goes. It's how Equifax went and before FB, that was the breach to do something about because of their position within the banking sector.
- darepublic 9y ago
  Equifax is worse because it is a true monopoly. Cannot rent a condo buy a house do anything without dealing with those government backed extortionists. Whatever nyt or the left want to say you can absolutely live without fb, using it is a choice

joejerryronnie 9y ago

You're being downvoted because this is not the narrative the typical HNer wants to believe - but you are absolutely correct. And the public somehow realizing the inherent perils of collecting personal data is not why the stock market has been on a downward trend. It's trade war fears, professionals taking profits, and panicky concerns that we've reached the top of the market or peak of the economic cycle and the inevitable downturn is now upon us.

Clubber 9y ago
You're both probably wrong or right, who knows. No one knows why the stock market does what it does most of the time, they're just guessing.
- joejerryronnie 9y ago
  This is true, but some guesses are better than others ;-)