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  • Los Angeles Times

    Data-sharing at heart of Facebook's latest scandal isn't an anomaly — it's how Facebook does business

    by Sam Dean, Los Angeles Times Dec 20, 2018 4 minutes

    Facebook's business model has always been simple: acquire as much personal information from users as possible, then find a way to make money off of it.

    For more than a decade, it proved to be a remarkably successful strategy, bringing to the social platform 2 billion monthly users to friend, feud and play Farmville.

    But as the year comes to a close, Facebook is facing a pair of major lawsuits in the U.S. and reeling from a string of public relations disasters. The company's stock has lost over 25 percent of its value since January and took another 7 percent hit on Wednesday after a

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