If you listen to the news or even casually follow some tech blogs or Facebook pages, you will be aware of one trend for sure. And that is the scandals about the ethics and how big tech companies use the data of their customers for purposes other than it is intended for. You may also hear and watch all that constructive measures by such companies about how to establish concrete practices in this concern. But there is a wide gap in terms of what is being done and what is ground reality.<\/p>\n

Do you know the infamous Facebook-Cambridge Analytica scandal? It is considered the watershed moment in how the public understanding of personal data and privacy started to grow. In early 2018, after the wake of this incident, Facebook\u2019s shares nose-dived with a record 120 billion wiped off its stock value in a single day! Everyone within the industry thought that it would pave the way for some drastic measures by all the tech giants, too, but still, after nearly two years, that is not the case.<\/p>\n

Who Else is Indulged in?<\/strong><\/p>\n

It is not just Facebook who is involved in unethical practices for the last several years. There are many companies which are involved in outrightly selling the data of their customers or reveal their sensitive\/private information like phone number and credit card details.Google, Amazon, and Microsoft are some of the biggest companies in this concern.<\/p>\n

While there are many things that you need to know here in this regard, the ethical dilemma of these companies is what I want you to read about.<\/p>\n

The Background for this Issue<\/strong><\/p>\n

The dilemma for companies using the data of their customers for unfair means is that they think that there is so much competition, and to succeed, they can\u2019t win through fair means. This isn\u2019t true for all the companies but majority of them. So, if there is no privacy at all, how can we all survive and what is the future of everything. There are<\/p>\n

There is a fine line between what they deem as illegal and unethical to what they think is right as they are offering free services to the end-users. But can they justify this by violating our privacy? There are varied reasons, arguments and conclusions about theseare different factors involved here. The real situation may not be what it seems There are many things that you need to know here for full grasp of this subject.<\/p>\n

Let me start by taking on a profits margin.<\/p>\n

High Profits for our Privacy Violations? <\/strong><\/p>\n

To get higher profits is one of the justifications that companies have for violating our privacy. Companies argue that in the face of cutthroat competition, there is an absolute need for applying whichever policy, which can reap good benefits. The price for sensitive data of anyone, especially those who shop online a lot or are high net-worth individuals can be great. That\u2019s why there are huge profit margins for tech giants like Google and Microsoft.<\/p>