Facebook Inc. (FB) Gives Away Lots of Personal Data: Study

Facebook Inc. (NASDAQ:FB) has been under fire in recent years not only for the amount of personal data it compiles about its one billion users, but it has also faced a lot of scrutiny (and even some lawsuits) over its policies for sharing that data with various third parties and marketers. And based on the results of a recent study, the sharing of personal data increased after Facebook changed its policies and default privacy settings.

The study, conducted by researchers at Carnegie Mellon University in Ohio, is one of the most comprehensive studies about Facebook Inc. (NASDAQ:FB) and its data-sharing practices in that it covered more than 5,000 Facebook users and it tracked the networking site’s data-sharing since 2005. In the study, researchers found a dramatic increase in the site’s sharing of personal information of users since the site changed its privacy policies in 2009 and 2010. Users of the site had greater control of their privacy from 2005 to 2009, but that all changed with Facebook changed policies to reset the default privacy settings. Since that time, the study revealed, user information that was publicly disclosed greatly increased starting in 2010.

facebook2Researcher Alessandro Acquisti said, “These findings highlight the tension between privacy choices as expressions of individual subjective preferences, and the role of the network environment in shaping those choices. While people try to take control of their personal information, the network keeps changing, affecting their decisions and changing their privacy outcomes.”

Co-author Fred Stutzman said, “These findings illustrate the challenges social network users face when trying to manage online privacy, the power of social media providers to affect their disclosure and privacy behavior, and the potential limits of notice and consent mechanisms in addressing consumers’ on-line privacy concerns.”

What do you think of this study? Is this is any way surprising to you? Do you think this will affect Facebook Inc. (NASDAQ:FB) user engagement when private information is shared so readily – sometimes without user knowledge or consent? Give us your thoughts in the comments section below.

DISCLOSURE: I own no positions in any stock mentioned.

Please see these related FB articles:

Would You Pay Facebook to Get Rid of Ads on Your Profile?

Facebook Adds CropUp to Its E-commerce Platform

Yes to Facebook, No to FaceTime?

blog comments powered by Disqus
Insider Monkey Headlines
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months Click to see monthly returns in table format!

Lists

10 Best States To Practice Medicine

The 10 Best States to Have a Business

The 12 Most Expensive Apple (AAPL) Apps in the Market

The 10 Richest Billionaires in the World

10 Biggest Kickstarter Failures

The 10 Best Places to Work At

The Top 10 of Google Inc (GOOGL)’s Most Expensive Acquisitions

13 Best Cities to Visit in South America

10 Most Expensive Works of Art of All Time

The 10 Richest Banks in the World

The 10 Best-Paying Jobs in America (2014)

7 Most Expensive Foods in the World

The World’s Top 10 Earning Authors

Five Wicked and Very Expensive Items (and Other “Stuff”) Sold on eBay

10 Biggest Celebrity Bankruptcies

The Top 10 Highest Paid CEOs in 2014

The 10 Most Expensive Real Estate Cities in America

10 Most Expensive States To Live In America

The 10 Best Airlines in the World

The 10 Best-Selling Cars in 2014

The 10 Best Industries to Invest In

The 10 Most Expensive States to Own a Car In

Top 10 Business Schools in US: 2014 Rankings

Top 20 Female Billionaires in 2014

6 Movies That You Should Watch to Better Understand The Cold War

Top 15 Best Paying Jobs for Women in 2014

Top 6 Things Rich People Do Differently Every Day

5 Retirement Mistakes To Avoid (and Einstein’s Famous Quote)

11 Smartest People in the World

6 Films About the Financial World You Need To Watch (While “The Wolf” is Not Around)

Warren Buffett and Billionaires Are Crazy About These 7 Stocks

The Top 10 States With Fastest Internet Speeds

10 Best Places to Visit in USA in August

Top 10 Cities to Visit Before You Die

Top 10 Genetically Modified Food In the US

15 Highest Grossing Movies Opening Weekend

5 Best Poker Books For Beginners

10 Strategies Hedge Funds Use to Make Huge Returns

Top 10 Fast Food Franchises to Buy

10 Best Places to Visit in Canada

Best Summer Jobs for Teachers

10 Youngest Hedge Fund Billionaires

Top 10 One Hit Wonders of the 90s

Fastest Growing Cities In America

Top 10 U.S. Cities for Freelancers

Top 9 Most Popular Free iPhone Apps

Top 10 Least Expensive Private Business Schools in the US

Top 15 Most Expensive Countries in the World – 2014

Top 6 Tax Scams and How to Protect Yourself

Top Businesses to Invest In

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!