Is Faceapp A Security Issue That Could Impact Our Industry?

FaceApp has been going viral lately.  So have concerns about the app.  For those not aware; this is an iOS and Google Play app that allows you submit a photo to the cloud and then make yourself look younger or older.  CNET article about FaceApp

Could FaceApp sell this data to facial recognition providers?  Are there other potential security impacts?  Or have we already thrown away the keys with all the stuff already posted on social media and other apps?

Also, does anyone else struggle with explaining this risks of apps like this to their teenagers?  My 17 year old thinks I'm paranoid....  

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