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Facebook’s data gold rush: Web giant’s takings soared by £12BILLION after it let companies hoover up users’ data

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Daily Mail
March 22, 2018

Facebook revenues soared to billions of pounds after it started giving away users’ details.

The social media giant practically doubled its takings every year after opening up profiles to ‘tens of thousands’ of app developers.

Facebook users were yesterday waking up to how much private information has been handed out.

During the data gold-rush – which lasted from 2009 to 2015 – it appears almost anyone who described themselves as a ‘developer’ could freely mine Facebook’s database.

In this period, the technology firm’s revenues rose sharply, from £500million in 2009 to nearly £13billion by 2015.

The company is now facing probes from law enforcement agencies around the world, including in Britain.

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This article was posted: Thursday, March 22, 2018 at 8:07 am

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