Re:Facebook stock drops more than 20% after revenue forecast...
by miracle2k on Thursday July 26, 2018 @05:05AM
(#17616073)
It's exactly what the parent seems to be writing about. What they are saying is that the WSJ article is highly misrepresentative, that rather than there being a "data sharing" agreement, it would be more correct to say that Facebook hired them to program an app; and that app, installed on the device of the users, communicates directly with the Facebook servers, thus sharing no data with anyone.
In addition to willfully misleading Congress it also likely violates their 2011 FTC consent decree[2]. Is this also just part of the 'media narrative' you claim is different from reality? I think these revelations amount to pretty "scammy behavior" as well, to borrow your terminology.
[1] https://www.wsj.com/articles/facebook-gave-some-companies-ac...
[2] https://www.ftc.gov/news-events/press-releases/2011/11/faceb...