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Is it a good idea or a bad idea? With Facebook, you never know.
Facebook, with its uncontrolled series of security problems and questionable actions, plans to split the company in two. There would be a public site and another private encrypted site. What this means for account holders, law enforcement and advertisers is not yet clear.
Facebook CEO Mark Zuckerberg spoke about the split for the first time on April 24. Last month, he published a blog of over 3,000 words on the split. The news comes just after Facebook is considering a $ 3 to $ 5 billion fine from the Federal Trade Commission (FTC). The fine is for not doing enough to protect the privacy of account holders
The split of Facebook
At a quarterly results conference with analysts, Zuckerberg gave more details about the dissolution, which is already being tested in Bolivia, Cambodia, Serbia, Slovakia and Sri Lanka. Lanka.
Zuckerberg said he wanted to create two separate spaces: a public forum or "public square" and an encrypted private space or "living room".
What does it mean? Well, the "public square" would be focused on friends and family. The "living room" would be reserved for account holders pages, as for encrypted private discussions. For companies of all kinds, including the media, this means buying advertising space to be seen in the "city square".
According to experts, this split could limit Facebook's ability to collect personal data, which lawmakers and consumers have been asking the company to do since the Cambridge Analytica fiasco.
But the encrypted messages in the "living room" could hinder the efforts of law enforcement to catch criminals. Already, technology companies are reluctant to give encryption keys to governments and law enforcement. Facebook has shown reluctance, if not extreme slowness, to eliminate terrorists, pedophiles and disturbing videos from its sites.
In his blog post, Zuckerberg tackled this problem.
"Encryption is a powerful tool for protecting privacy, but it includes the privacy of malicious people," he wrote. "When billions of people use a service to connect, some of them will abuse it for really terrible things, such as child exploitation, terrorism, and extortion. the responsibility to collaborate with law enforcement and to prevent them as much as possible. "
Related: How to tell if your Facebook account has been hacked
At the call, Zuckerberg said the company will consult with experts, the government and law enforcement for about a year before launching the private site. He added that the implementation of the plan could take up to 5 years or more.
FTC fine does not put Facebook in phase
Analysts also announced that Facebook was reserving $ 3 billion in fines imposed by the FTC.
"We estimate that the losses in this case range from $ 3 billion to $ 5 billion," the quarterly statement said. "The question remains unresolved and there can be no assurance as to the timing or conditions of the final outcome".
At least one expert said that Facebook's announcement could be a bargaining tool, while the company and the FTC continue to reach a deal on the fine.
But even with $ 5 billion, Facebook is full of cash. Despite setting aside $ 3 billion, the company still posted a profit of $ 2.4 billion for the first three months of the year.
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