The media company has recently fired an internship student for making a plug-in that helped the user to obtain the location of all the users he talks to on the Facebook Messenger app.
Facebook Inc recently offered internship to a Harvard student named Aran Khanna who ended up creating a new plug-in on the Google Chrome extension which would help the user to know where all of his friends were presently.This plug-in was a proof that the security system that was observed by the social media network was not good enough and the loophole in it gave space to the student to make something like that, which so easily entered other people’s personal information without their consent. As per a news article by ABC news, it was stated that the media company has decided to terminate Mr. Khanna from continuing with his internship due to what was done by him. The analysts believe that this has made it even clearer to the general public that the flaws in the security system were much more than realized by anybody in the industry.Aran Khanna was recently offered an internship from Facebook business but things turned out differently when the firm realized he has made a plug-in named ‘Marauder’s Map’ which helped him to track the location of all of his friends, which was something that showed how flawed the whole privacy system was on the media site.Back in the month of May when Mr. Khanna created the plug-in, it went extremely viral and was downloaded by a massive 85,000 times which showed that the popularity it received match no other plug-in. Originally, Facebook has allowed only two users using the Messenger app to know the location of one another but through this plug in, the user could know the location of anyone he started a conversation with on the messenger app. This was violating the privacy laws of the firm which was why the media company asked Mr. Khanna to take the plug in down and to discontinue with it as soon as possible.Mr. Khanna obliged and took it off and restricted all kinds of usage on it, but only after a mere three days, it was seen Facebook management asked him to discontinue with his internship as the act that was carried out by him has violated many rules and regulations, something that they could not allow to happen.Analysts believe that Mr. Khanna shows that he is capable of carrying out the extraordinary on the largest media site in the world and that instead of firing him, they could use him and hire him instead. Also, analysts believe that this student should also be rewarded for his mind that made him achieve something so big on the most protected media site ever.
The analysts believe that despite the increasing growth of the media company, there are a lot of things that have made them downgrade the firm's stock for near term future.
Facebook stock is one of those kinds which repeatedly receive positive comments from analysts. However, recently a research was carried out by a particular firm which ended up showing results in which it did not really prefer the social networking site and declared it as a stock that it did not exactly give preference to. One thing, on the other hand, should be taken into consideration that the same equity firm has shown downgraded Netflix a few weeks back while the company has received many positive upticks from all the other financial firms.Even though Facebook business has shown massive signs of growing more and more in the future, the analysts at Societe Generale seem to be least bothered. The analysts of the firm have granted a rating of ‘sell’ to the media company despite the growth it has been observing lately. The equity firm is of the opinion that very soon the networking giant will be slowing down on the stock index and will start showing bearish signs which is why such a rating has been granted to it. This ‘sell’ rating is being observed by the analysts since the month of January and they have also shown their concerns over how the investors do not seem to agree to their choice of ratings for the social media company’s stock.Societe Generale has also stated reasons why they believe the stock of the social media platform needs to be downgraded. One of those reasons is that the all the other equity firms are feeding on the fact that Facebook’s ad revenue seems to be rather positive on the index given the 73 percent of total cash revenues being earned through mobile advertisement. However, Generale analysts believe that this figure is too early to determine whether the mobile ad system any successful for the firm or not and have declared it to be rather ‘premature’.The analysts have also informed in their research report that Facebook’s active user consumer time has shown a decline from the past two years which is another reason why they believe the popularity of the firm is going to decrease even more in the coming future. Even though the users of the social media are increasing day by day, the analysts of the firm are of the opinion that by the number of social networking apps that are being introduced every now and then, the media company’s popularity is sure to experience a dip. Furthermore, the fact that the social giant bought Whatsapp for such a huge price is being seen by the analysts in quite a negative manner.
