The Trust on Facebook had Gone Down | Techbells | Tech bells | social feeds | socialfeeds

Hit through privacy scandals and year-round investigations, Facebook has misplaced its place amongst the world's 10 most treasured manufacturers in world manufacturer consultancy Interbrand's annual ranking of excellent pinnacle 100 brands.

The Trust on Facebook had Gone Down | Techbells | Tech bells | social feeds | socialfeeds
The Trust on Facebook had Gone Down | Techbells | Tech bells | social feeds | socialfeeds

Facebook fell to the 14th spot. Two years back, the social networking massive was once at the eighth spot in the list, billed as a "rapidly appreciating" brand.

Apple led the top 100 satisfactory brands' list, followed by means of Google and Amazon. Microsoft was once the fourth, Coca Cola fifth and Samsung came sixth on the list.

The seventh spot used to be grabbed by Toyota, Mercedes was the eighth, McDonald's ninth and Disney was at the 10th spot.

Pitching for breaking up Facebook, US-based software program massive Salesforce CEO Marc Benioff has known as the social networking platform "new cigarettes" which are making youngsters addictive. Benioff said that the corporation needs to be held to blame now.

Several US lawmakers like Senators Kamala Harris and Elizabeth Warren have also been pitching to spoil up Facebook.

Nearly forty state attorneys conventional in the US have determined to join probe against Facebook's anti-competitive commercial enterprise practices.

Facebook this year agreed to pay $5 billion as a contract to the US Federal Trade Commission (FTC) over privacy violations.

According to a survey with the aid of the unbiased lookup association Ponemon Institute in 2018, users' self-assurance in Facebook plunged through sixty-six percent after the Cambridge Analytica statistics scandal involving 87 million users.

Only 28 percentage of Facebook customers believed the company is committed to privacy, down from a high of 79 percent