- Brave co-founder Brendan Eich has dismissed rumors that Brave will be bought over by Facebook
- This is mostly due to concerns about their handling of user data
- The acquisition rumors had sparked criticism from users
Blockchain has given individuals alternatives to some of the mainstream giants of the business world. A good example of this is the Brave browse, which has, in a short time, enabled the redemption of gift cards with their tokens and acquired a sizable market share.
Now, there is talk floating around about Brave being possibly acquired by Facebook. Facebook making an acquisition isn’t particularly surprising as they have made a number of blockchain-related acquisitions in the last few months.
The thought of Brave being bought over by Facebook, however, has drawn criticism from the crypto community with Brendan Eich, the co-founder of Brave, being one of the latest to comment about it, responding to a Twitter user who congratulated him on the supposed acquisition.
Ha ha. Srsly, after WhatsApp founders' experience, and now with the push for e2e encryption but all the metadata still goes to the mothership, plus the secret blockchain team, I would not hold my breath.
— BrendanEich (@BrendanEich) March 29, 2019
A Poor Match
The most constant criticism of the possible acquisition is the fact that the core principles of the two firms do not seem to be aligned.
Brave, since its inception, has been focused on acting as a privacy browser, allowing its users to surf the web without any fear of being monitored. This is what got Brave a good chunk of its user base and is something it prides itself on.
On the other hand, Facebook has barely recovered from the Cambridge Analytica scandal of 2018 where it was revealed that it had been selling user data to their parties. This revelation shifted the narrative that surrounds big corporations and the rights of the consumer to protect their data and has cast a shadow of suspicion around Facebook that hasn’t quite let up as of now.
Needless to say, hardcore Brave fans feel as though an acquisition would be a sign of Brave selling out and betraying a core value of theirs. More importantly, it would make the users question whether their data would be eventually compromised or sold to their parties.
Another concern was what the future of the Basic Attention Token (BAT) would be should there be an acquisition. Would it be retained or dropped?
Fortunately, these fears have been mostly put to rest and also shows the lack of regard for Facebook from firms that are focused on privacy.