So Facebook announced it wants to make 100 billion dollars by selling our personal information to advertisers. The private information of users of facebook are going to make the approximate 1000 facebook employees millionaires as their private shares in the company are converted to public stock.
Facebook collects all of your status posts, your name, your email address, your friend's names and anything else you've put on the site and then packages it all up into big giant information portfolio and sells it to advertisers to do as they please.
This is crazy.
I think the day after the IPO launches, everyone on facebook should close their account. The stock will tank and all those "millionaires" trying to profit by monetizing your personal information will lose all their money.
Rise up my friends...rise up!!
01 Feb 12
Originally posted by uzlessYou are right - if you have a problem with facebook using your information then delete your account.
So Facebook announced it wants to make 100 billion dollars by selling our personal information to advertisers. The private information of users of facebook are going to make the approximate 1000 facebook employees millionaires as their private shares in the company are converted to public stock.
Facebook collects all of your status posts, your name, your ...[text shortened]... izing your personal information will lose all their money.
Rise up my friends...rise up!!
Originally posted by uzlessBoo Hoo
So Facebook announced it wants to make 100 billion dollars by selling our personal information to advertisers. The private information of users of facebook are going to make the approximate 1000 facebook employees millionaires as their private shares in the company are converted to public stock.
Facebook collects all of your status posts, your name, your ...[text shortened]... izing your personal information will lose all their money.
Rise up my friends...rise up!!
Facebook provides people with an enormous service (if they want to use it) and does it all absolutely free. You can do business, send messages, share photos and videos, etc. etc. etc. all for free.
But because they were clever enough to find a way to make money out of it, that bothers you.
:'(:'(:'(:'(:'(:'(:'(:'(:'(:'(:'(:'(
They don't "take" anybody's private information. The "private information" is voluntarily given to them by whomever chooses to do so.
02 Feb 12
Originally posted by sh76Is there anyone who still thinks what they post on Facebook is still "private"?😲
Boo Hoo
Facebook provides people with an enormous service (if they want to use it) and does it all absolutely free. You can do business, send messages, share photos and videos, etc. etc. etc. all for free.
But because they were clever enough to find a way to make money out of it, that bothers you.
:'(:'(:'(:'(:'(:'(:'(:'(:'(:'(:'(:'(
They don't "tak ...[text shortened]... rivate information" is voluntarily given to them by whomever chooses to do so.
02 Feb 12
Originally posted by normbenignIt's amusing when "privacy" advocates complain about company's "releasing" information that the consumer knowing and voluntarily released in the public domain... as though all the people using these social media sites are a bunch of victims. 🙄
Is there anyone who still thinks what they post on Facebook is still "private"?😲
03 Feb 12
Originally posted by sh76Many people only release information to close friends and family with everyone else being blocked.
It's amusing when "privacy" advocates complain about company's "releasing" information that the consumer knowing and voluntarily released in the public domain... as though all the people using these social media sites are a bunch of victims. 🙄
That isn't "information that the consumer knowing and voluntarily released in the public domain."
03 Feb 12
Originally posted by sh76Frankly, not everything posted on facebook is public domain. I agree with you that many seem to forget how facebook makes their money, but they do publish specific privacy controls and they have given the impression that some information is limited in the privacy.
It's amusing when "privacy" advocates complain about company's "releasing" information that the consumer knowing and voluntarily released in the public domain... as though all the people using these social media sites are a bunch of victims. 🙄
I would say people should not put private information up on facebook in no small part because the company has shown that they aren't as scrupulous as most would expect.
03 Feb 12
Originally posted by uzlessSo can I take it that you have deleted your account?
So Facebook announced it wants to make 100 billion dollars by selling our personal information to advertisers. The private information of users of facebook are going to make the approximate 1000 facebook employees millionaires as their private shares in the company are converted to public stock.
Facebook collects all of your status posts, your name, your ...[text shortened]... izing your personal information will lose all their money.
Rise up my friends...rise up!!
I never created a facebook account in the first place because I knew perfectly there were privacy concerns and I currently do not expect the benefits to outweigh the risks. That may change in the future and I may make and account.
Of course the main reason Facebook would want to go public now, is there is a serious risk that they will get beaten at their own game by a competitor such as Google+. So better to cash out now while the going is good.
03 Feb 12
Originally posted by tomtom232And all FB does with that info is, if anything, use it to target ads towards you that you would tend, based on your activity, to be interested in.
Many people only release information to close friends and family with everyone else being blocked.
That isn't "information that the consumer knowing and voluntarily released in the public domain."
Can anyone make a coherent argument that there's something wrong with that?
