People quickly trusted tech companies with personal info amid a data boom, despite risks, spawning resentment and distrust after the Cambridge Analytica scandal
The queasy truth at the heart of Facebook's Cambridge Analytica scandal, which is so far the company's defining disgrace of 2018 … Tweets: @profcarroll , @undersequoias , @jwherrman , and @nytmag Tweets: David Carroll / @profcarroll : 2008: Financial Crisis as Wall Street's greed for collaterized debt obligations on predatory mortgages implodes. 2018: Data Privacy Crisis as Silicon Valley's greed for microtargeted ads to monetize attention at scale implodes. http://www.nytimes.com/... Jacob Metcalf / @undersequoias : “But a user concerned about how ad-supported web services would infringe on his privacy is trapped in a sort of predictive hell: always right, but always feeling wrong; never quite able to say what will happen, but always expecting it ...” http://www.nytimes.com/... John Herrman / @jwherrman : erosion of trust in tech companies doesn't lead to abandonment. just resignation and eventually nihilism! http://www.nytimes.com/... NYT / @nytmag : The Cambridge/Analytica scandal revealed just how much we'd come to trust Facebook — and clarified what the company is really capable of. http://www.nytimes.com/...