Facebook Is One of the Least Trustworthy Online Companies, Om Malik Says

The video discusses Facebook's efforts to partner with banks through its Messenger app, raising privacy concerns. It questions Facebook's trustworthiness, citing a history of misinformation and the need for regulatory oversight. The core of Facebook's business model is data collection for advertising, which poses privacy risks. The discussion highlights the importance of future-focused regulation to manage data use and protect user privacy.

What is Facebook's primary goal in partnering with banks through Messenger?

• To offer customer service products

• To increase advertising revenue

• To enhance email communication

• To develop new banking apps

How does Facebook respond to concerns about using customer data for advertising?

• They claim data is used for advertising

• They clarify data won't be used for advertising

• They deny collecting any data

• They refuse to comment on data usage

What is a major reason for skepticism about Facebook's trustworthiness?

• Their history of misinformation

• Their focus on user privacy

• Their consistent transparency

• Their lack of partnerships

What is Facebook's core business model based on?

• Collecting data for advertising

• Creating original content

• Building social networks

• Developing new technologies

How do investors generally react to Facebook's business practices?

• They frequently protest

• They are indifferent

• They are always supportive

• They love the growth but ignore consequences

What is a suggested focus for future regulations on companies like Facebook?

• Expanding global reach

• Controlling data usage

• Increasing user engagement

• Limiting advertising budgets

Why did the speaker decide to leave Facebook?

• To join a new social network

• Because of privacy concerns and personal impact

• To focus on professional growth

• Due to technical issues