Facebook and Privacy Problem

Hello everyone! First of all thank you for giving your precious time to read my blog. So today I want to share my views on the unethical issues which are being followed in business. I guess in this era of social media everyone uses social networking sites and have their accounts made on different apps and one of them is Facebook. But there are many questions related to this which I want to ask. Is Facebook a social media platform or a data company? If it's a data company, to what standards of data privacy and security should it be held? There are no such laws or norms that have been established to dictate how it should act;by definition,it is operating in an unethical manner because "black" and "white" haven't clearly mentioned. Facebook has now become a fundamental human need like drinking water. But if you do use Facebook, you have control over how your data is used, how it's seen, and which third party apps have access to that inform...