Are the privacy and data misuse scandals finally catching up with Facebook stock? There are lessons every business should heed to avoid a direct and shocking blow to company value.
CEO at NOS Microsystems
Oliver Wessling is a mechanical engineer who has worked for BOSCH, Continental, and Dräger. Since 2001 he is the founder and director of NOS Microsystems, a London-based company specializing in data privacy, electronic software distribution and secure cloud services, which services over one billion client downloads annually. Its new multi-platform app get2Clouds is an all-in-one privacy app that’s cost free and ad free.
GDPR may have a huge impact on small businesses but may not stop government surveillance or cool the unfair advantage of tech giants over smaller industries and smaller players. Are there real improvements to consumer privacy?
No matter what future laws and regulations are imposed on Facebook, there will never be a law against storing customer data for in-company purposes. Facebook got in hot water for allowing tactics that manipulated elections. The 2056 presidential campaign could be entirely run online where Facebook likes replace votes.