In: Accounting
Why facebook did committed this fraud? (Relate to fraud triangle and to Kohlberg’s stages of ethical development)?
As we all know that facebook is a social platform where people share their profile like age,gender,wrok profile etc. and all these data are very crucial for any organization. And now a days data are very important in other words we can say data are assets or keep potential to influance people therefore facebook use this data to sale external company and in return got a heavy amount from them.
People also share their preference on facebook like what they like or what they dislike and external company use this data to sold them their product. the power of data can be imagine that facebook use it for US president to increase or improve their popularity when president election was going on in USA.
In simple terms we can say that facebook commtted fraud to earn money.
I hope this clear your doubt.
Feel free to comment if you still have any query or need something else. I'll help asap.
Do give a thumbs up if you find this helpful.