Facebook used people's data as a bargaining chip

Jamie McKane

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Facebook used people's data as a bargaining chip

Facebook Inc. wielded user data like a bargaining chip, providing access when that sharing might encourage people to spend more time on the social network -- and imposing strict limits on partners in cases where it saw a potential competitive threat, emails show.

A trove of internal correspondence, published online Wednesday by U.K. lawmakers, provides a look into the ways Facebook executives, including Chief Executive Officer Mark Zuckerberg, treated information posted by users like a commodity that could be harnessed in service of business goals.

[Bloomberg]
 
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