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At FDR Investment Group, Dathan and his partners have developed an investment strategy that blends fundamental research with a unique technical trade execution plan. This blended approach allows the ability to invest in strong companies at precise moments to achieve the maximum amount of profit... More
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  • Facebook Users React To Forced Messenger Download 0 comments
    Aug 15, 2014 9:17 AM | about stocks: FB

    Last week, Facebook began sending out notifications to it's users informing them that in order to send and receive messages through Facebook they would have to download a separate Messenger app. Users immediately voiced their feedback regarding many of the questionable permissions that came along with the download.

    Some of the new permission's include the ability to call phone numbers and send SMS messages, read your phone's call log, call phone numbers without your intervention, read personal profile information stored on your device, access your phone number and device ID, read your contact data including who you call or email, and record audio, take pictures and record videos at any time without your confirmation. Although it is possible that there are legitimate reasons for each of these permissions it does create a worthy concern for the privacy of Facebook subscribers.

    As an investor of Facebook stock, I do not anticipate Messenger criticism to be a long term event and share prices have already seemed to recover. The backlash that follows such a drastic change is nothing new to Facebook. They have met resistance with nearly every change that they have made and although users have threatened to delete their accounts, many of the threats were empty. However, it is worth noting that this forced Messenger debacle is right on the heels of a separate incident last June where Facebook admittedly performed psychological experiments on it's users. Other social media sources such as Google Plus and Twitter are gaining momentum and further questionable acts from Facebook may begin to actually turn it's users away.

    Disclosure: The author is long FB.

    Stocks: FB
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