role in the exploitation of user data by a company called Cambridge Analytica to support the presidential campaign of Donald Trump, as well as the outcome of the Brexit vote - the referendum leading the United Kingdom to leave the European Union - have provoked widespread calls for tough, new data privacy laws. The social network could tack on extra features, but social media experts are unsure what features would compel a user fork over cash.
There are an estimated 180,000 Facebook account holders in Barbados, which include both individuals and businesses.
In other words, Facebook uses data provided by users to help advertisers target them based on location, interests, age and shopping habits.
Facebook will now offer financial rewards to people who report bugs and leaks in the platform, said Collin Greene, the company's head of Product Security, in an official blog post.
"I would not assume that it is private that it's not being collected and tracked by Facebook - it is", she said.
Earlier this week, Facebook founder Mark Zuckerberg was in Washington to testify at the Senate Intelligence Hearing.
As users of Facebook, we should be concerned about the status of our privacy.
"What is important for us as a media house is the ongoing monitoring of how people are using our platform and the proxy of social media of our overall platform to control things like hate speech". "I think that clearly what's going on with Facebook is a wake-up call, and something like this was bound to happen, but Facebook as an entity is so integrated into the travel agent mindset that it's going to stick around".
The wholesale, planet-wide exploitation of personal data has dark implications, Tufekci said: "We could enter into a phase of "surveillance authoritarianism, ' where we don't face (George Orwell's) '1984" model, where there's open totalitarianism, where we're dragged off in the middle of the night". "Facebook said that Cambridge Analytica has been shut down", said Rudiantara. More than a million people in each of the UK, Philippines and Indonesia, as well as 310,000 Australian Facebook users, may have also had their personal information harvested. "The limits of your right to privacy and how much you give away in modern America in the name of 'connecting people around the world'".
"Senator, I want to make sure I get this accurate so it would probably be better to have my team follow up afterwards", Zuckerberg said.
"I don't see a reason for businesses to pull back now. This would apply to other services beyond Facebook because, as mentioned, it is standard to how the internet works". "You know how many points of data that Facebook has on the average non-Facebook-user?"
"I don't think that's hard for you to say yes to, unless I'm missing something". How are we protecting our data?
"Every time new privacy settings are put in place, we'll find new ways to innovate, ' said the GOP consultant, who asked not to be named".
The best news for Facebook Inc. the company was that Zuckerberg ably deflected any challenges to the beating heart of its economic model: its hungry data collection and the fine-tuned targeted advertising based on that data.
The app was used as a "personality quiz", and was created by an academic, Dr Aleksandr Kogan, working at Cambridge University's Psychometric Centre. But that is precisely why Facebook is one of the most valuable companies in the world.