Findera Tries A Pivot Amid A Whirlwind Over Data Privacy Rules
Summary
Daligault, now Findera’s COO, says a series of other new features are in development, such as allowing users to post an “I’m hiring” sign on their profiles, and add a free job listings page detailing their open positions.When Yozio’s founders fixed on their new vision for Findera in February of 2017, Facebook had already been investigated by the Federal Trade Commission for allegedly deceptive practices that the agency said made it unclear to users how data from their personal profiles could be shared with outsiders.But that probe was a minor blip on the radar compared to the uproar early this year when Facebook revealed that about 87 million of its personal profiles had been extracted by other companies including Cambridge Analytica, which allegedly used them to target political ads to voters during the contentious 2016 U.S. presidential election.Findera freely shared its terms of service, and Daligault welcomed a discussion with Xconomy about the way the company might have to tailor its offerings and craft its user settings to keep pace with the regulatory environment regarding data privacy.Daligault says Findera can offer something valuable to self-employed people and small companies that lack access to the kinds of databases and technical resources available to big, moneyed businesses looking for professional contacts.
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