U.S. tiremaker Pep Boys said on Monday that it is suspending all advertising on Facebook Inc following concerns of data privacy, joining internet company Mozilla Corp in pulling ads from the social networking site.
The decision follows allegations that a political consultancy gained inappropriate access to data on 50 million Facebook users to build profiles on American voters that were later used by various politicians including Hillary Clinton and Barack Obama.
“We are concerned about the issues surrounding Facebook and have decided to suspend all media on the platform until the facts are out and corrective actions have been taken,” Pep Boys chief marketing officer Danielle Porto Mohn said in a statement.
Earlier this month, billionaire Elon Musk deleted SpaceX’s account after a cheeky exchange on Twitter.
As well, Facebook Inc. shares posted their steepest drop since 2015 as U.S. and European officials demanded answers to reports that a political advertising firm retained information on millions of the social network’s users without their consent.
Even before the latest debacle Facebook is dealing with now, Zuckerberg’s crackdown on conservative pages brought about a precipitous drop in usage. Facebook reports that usage of the social media platform is down 24% per person.
On top of all this, Generation Z is making their mark by simply not using Facebook, and those who have been using it are leaving in droves, saying the platform is “for old people”.
It’s easy to see, Mark Zuckerberg has had a rough year, and it doesn’t appear to be getting any better any time soon.
Oh, and to add insult to injury, InfinitySN, a new social media with features not even dreamed of in Facebook with be launching soon.
Now the question is, will Facebook whither away and become the next MySpace?
Mr Americana, Overpasses News Desk
March 26th, 2018