The Troubles with Data Markets Go Far Beyond Facebook

The Troubles with Data Markets Go Far Beyond Facebook
·5 min read

“I’m here today because I believe Facebook ‘s products harm children, stoke division, and weaken our democracy.” In one sentence, Facebook whistleblower Frances Haugen summed up what academics, nonprofits, and internal researchers have been saying for years: Facebook, and other companies profiting from “information capitalism”—the system of accumulating and exploiting information for profit—are deeply harmful to a wide range of social and political systems. Facebook has been under the spotlight after a series of articles disclosing the results—and the company’s dismissal—of internal research, a technical outage that disabled Facebook products across the globe, and a series of high-profile hearings that took the company to task.

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