Facebook profits at people's expense: Four Corners tackles Facebook’s power

Pippa Chambers
By Pippa Chambers | 10 April 2017
ABC's Four Corners tackles Facebook's power

Facebook’s power is growing, but at what cost to us? That was the question posed during Monday night’s Four Corners program on the ABC.

The ‘Cracking the Code’ episode explored many topics relating to adland, looking at the world of Facebook and how data is being mined to drive huge success for the social media giant. For many in this industry it covered familiar themes, but for the public it made for confronting viewing.

From an ex-Facebook journalist to PwC’s executive director and media analyst Megan Brownlow, topics included ad serving, targeting, the impact of pixels and more.

It looked at how Facebook has the ability to track browsing history, even when you're not logged on and even if you aren’t a member of the social network at all. It also hit off the rise of fake news following the demise of Facebook’s ‘human’ checkers.

An Australian former hacker and leading internet security blogger also discussed how the ads served could end up being so personalised it could create major problems. An example was used of a young teen’s parents discovering he is gay though spotting certain ads he is targeted with, to a boyfriend having his birthday present from his partner revealed through online advertising - ahead of him actually receiving it.

From the way it gathers people’s time and turns that time into money, “cleverly figuring out how to wrap itself around our lives”, to how difficult it is to opt out of Facebook's reach, Four Corners’ reporter Peter Greste showed why “your private life is making them billions”.

Plenty of people also took to Twitter to share their views on the program:

https://twitter.com/RachaelHasIdeas/status/851394989485510656

Check out the episode below and share your views in our comments section:

In February Facebook, which is without an MD, agreed to have its metrics externally audited. The move followed pressure from Procter & Gamble CMO Marc Pritchard, who called for all publishers the company works with - Facebook included – to comply with MRC-accredited third-party verification this year. Facebook also recently extended its third party verification.

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