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docs/blog/2022/04/04/move-fast-and-break-things.md
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@ -20,9 +20,7 @@ Like a depraved tabloid journalist fishing through a minor celebrity's trash, Fa
Véliz argues that privacy is a form of power. It is the power to influence you, show you adverts and predict your behaviour. In this sense, personal data is being used to make us do things we otherwise would not do: to buy a certain product or to vote a certain way. Filmmaker Laura Poitras [described](https://www.washingtonpost.com/news/the-switch/wp/2014/10/23/snowden-filmmaker-laura-poitras-facebook-is-a-gift-to-intelligence-agencies/) Facebook as 'a gift to intelligence agencies'. It allows governments to arrest people planning to participate in protests before they have even begun.
The social media giant is tip-toeing ever closer into our personal lives. When Facebook encountered competition it just bought it, adding Instagram and WhatsApp to its roster. The company even made its own cryptocurrency, Libra, so that one day the Facebook will control all our purchases too. It already knows what we buy, but it wants to be a part of how we buy it.
It is worth noting that when he purchased WhatsApp and Instagram, they had no revenue. Author Tim Wu notes in his book *The Attention Merchants* that Facebook is 'a business with an exceedingly low ratio of invention to success'. Perhaps that is a part of Zuck's genius.
The social media giant is tip-toeing ever closer into our personal lives. When Facebook encountered competition it just bought it, adding Instagram and WhatsApp to its roster. The company even tried to make its own cryptocurrency so that one day the Facebook would control all our purchases too. Earlier this year, the project was [killed](https://www.ft.com/content/a88fb591-72d5-4b6b-bb5d-223adfb893f3) by regulators. It is worth noting that when Zuckerberg purchased WhatsApp and Instagram, they had no revenue. Author Tim Wu notes in his book *The Attention Merchants* that Facebook is 'a business with an exceedingly low ratio of invention to success'. Perhaps that is a part of Zuck's genius.
'Move fast and break things' was the old company motto. When there were a few too many scandals, they moved fast and [rebranded](https://privacyguides.org/blog/2021/11/01/virtual-insanity/) to Meta. No one expected online privacy to be the 'thing' they broke.