The furor over the data privacy fiasco is subsiding for the most part, but the social media giant is still doing its best to mend fences with disgruntled users.
Facebook's put out a few data points, like that about a third of US Facebook users were exposed to Russian-backed content and that as many as 87 million user accounts may have been caught up in the Cambridge Analytica scandal.
Chief Executive Officer Mark Zuckerberg has long considered such an alternative-not to replace the social network's business model, but to remove a common reason people give for leaving the service.
The company is surrounded by the allegations for the improper use of data for 87 million Facebook users by Cambridge Analytica, which was hired by President Donald Trump's 2016 U.S. election campaign, has hurt the shares of the world's biggest social network and prompted multiple official investigations in the United States and Europe.
In the privacy settings of Facebook in the coming months will appear a new option "Clear history".
Facebook is valuable because basically everyone is on Facebook.
Bloomberg's findings coincide with a comment made by Facebook founder Mark Zuckerberg during a congressional hearing in April, when he hinted that the platform might someday offer an option users would pay for.
United States and China Meeting to Avoid Trade War
Chinese commentators say Beijing has financial weapons, though using them would cost China's own economy and worldwide standing. It has been suggested that the iPhone 7 alone may account for 4.4% of the USA trade deficit with China.
In another apparent attempt to regain the trust of users, Facebook also announced on Tuesday that it is changing the way news articles are ranked for trustworthiness.
With the help of millions in funding from Mercer, and support from the Trump campaign's Steve Bannon (former head of far-right fake news site Breitbart News and top White House official until August 2017), the company Cambridge Analytica was founded.
According to a report by Bloomberg's Sarah Frier, unnamed sources familiar with the matter said that the company's interest in creating a subscription-based option has increased in light of privacy concerns stemming from the Cambridge Analytica scandal.
Despite their understanding of Facebook's privacy settings, only 23 percent of its users said they have "total control" over the information they store on the platform.
In thinking about how we could do something similar for everyone, there are a number of important considerations that come into play-for example, how we can avoid tipping off bad actors or hindering our work to prevent real world harm in cases of abuse or other sensitive situations.
Ah, that awkward moment when the free market and the ability to remain solvent step on your political agenda and you have to make a choice.
A couple of things need to be unpacked here. Facebook fired a security engineer who used "privileged access" to brag to a woman he met on Tinder, a popular dating app. Perhaps before announcing this, Zuckerberg would have done well to get out of his bubble and take note of the fact that his company is scrambling to recover from a scandal caused by the exact type of data-harvesting this "feature" will require.