Apps requesting permission to steal your data | The Onion: Facebook “Is Truly A Dream Come True For The CIA” (Video) Adresgegevens opvraagbaar voor derden. Facebook is a Ponzi Scheme :: Joseph Perla. Now that you know what a Ponzi scheme is, I will tell you how and why Facebook is like a Ponzi Scheme. The argument is similar to how Paul Graham describes that Yahoo was a ponzi scheme in 1998.
Facebook posts huge revenues. In fact, recent reports are that Facebook is very profitable. This boosts both their respect in the world and their valuation. However, these returns, while real, are unsustainable. They exist and are sustained in the same manner that Ponzi schemes are. Facebook is a Ponzi Scheme. Have you ever bought a Facebook ad? People go to Facebook to interact with their friends.
But, then, how is Facebook so profitable? Because of Facebook's presumed success, many small, medium, and large businesses individually and in turn experiment with Facebook ads. Eventually, though, and this might take a long time, but it is finite, everyone will have tried Facebook ads and know that they are useless. Goldman Deal Helps Facebook Remain Private. Marcio Jose Sanchez/Associated PressFacebook’s new financial security could buttress the company’s independence and help Mark Zuckerberg retain near absolute control.
SAN FRANCISCO — In Silicon Valley, going public used to be the ultimate rite of passage for a start-up — a sign it had arrived. No more. With its $500 million infusion from Goldman Sachs and other investors, Facebook is now flush with cash, and a market value of about $50 billion, giving it the financial muscle it needs to compete with better-heeled rivals like Google. And Facebook hopes for an even bigger advantage from the deal, the ability to delay an initial public offering. That would allow it to remain free of government regulation and from the volatility of Wall Street. It would also allow Mark Zuckerberg, the company’s chief executive, to retain near absolute control over the company he co-founded in a Harvard dorm room in 2004. And so a young mogul like Mr. Perhaps more than any company founder, Mr.
Mr. Mr. But Mr. Facebook - WikiTerms. Digital Sky Technologies. Digital Sky Technologies (DST) is an international investment firm focused solely on the Internet sector. The firm was founded by Yuri Milner and emerged from Mail.ru Group. Today, DST is fully independent of Mail.ru Group and its investments include Facebook, Zynga and Groupon.[1][2][3][4] Investments[edit] May 2009. The firm became known globally after leading an investment of $200 million in Facebook at a $10 billion valuation in May 2009[2] and launching a tender offer of $100 million to the employees of Facebook in July 2009.[5] Subsequently the firm continued to buy shares in the company and is now one of the largest institutional shareholders in Facebook.[6] In December 2009, DST led the $180 million investment in Zynga which had a primary and a secondary component.[3] In April 2010 DST led a $135 million investment in Groupon at a rumored $1.35 billion valuation.[4] It further purchased ICQ from AOL for $187.5 million.[7] Relationship with Mail.ru Group[edit] References[edit]
Facebook and the 500-Person Threshold. 9:59 a.m. | Updated Goldman Sachs’s investment in Facebook once again raises the issue of whether the Securities and Exchange Commission will force the social networking company into an initial public offering. In particular, this issue arises because of the special purpose vehicle that Goldman plans to create in order to allow its clients to invest up to $1.5 billion in Facebook. The reason lies on the technical shores of the federal securities laws. The Securities Exchange Act of 1934 sets forth certain requirements for companies to register their shares with the S.E.C. Specifically, Section 12(g) requires that a company register its securities with the S.E.C. if it “has total assets exceeding $1,000,000 and a class of equity security … held of record by five hundred or more … persons…” The S.E.C. by rule-making has raised the $1 million threshold to $10 million.
The issue comes with the 500-person requirement. Record ownership is thus clear. Facebook knows all of the above. Facebook. Facebook, eh? Love it or hate it, you have to be ambivalent about it. Allow me to explain. Yesterday Facebook agreed to a $US500 million joint investment from Goldman Sachs and the Russian firm Digital Sky Technology in return for less than 1 per cent in the company. The deal, of which $US450 million was provided by Goldman Sachs, also involves a commitment from the bank to raise a further $US1.5 billion from scores of its millionaire investors. And it gives Facebook, whose estimated $US2 billion in annual revenue comes mostly from advertising, the big lump of capital it needs to properly compete - and soon outdo - its principal rivals Yahoo and Google. That, and a whopping valuation of $US50 billion. It's also good news for Goldman Sachs. But that's not the interesting bit. What Goldman Sachs did was argue that its stake is that of only one investor - itself - not hundreds of clients.
Yet, as with WikiLeaks, the inner workings of Facebook are set to remain stubbornly opaque. Mark Zuckerberg And An Army Of Insurgent Entrepreneurs Just Declared War On The TV, Music, News, And Movie Industries. At the Web 2.0 conference in San Francisco last week, Facebook CEO Mark Zuckerberg gave a six minute speech about how, starting sometime in the next five years, he expects his company to make billions and billions of dollars turning the TV, news, film, and music industries upside down. The speech was nuanced and obviously pre-planned. It contained big revelations. But because it came in the middle of a wide-ranging, hour-long interview, hardly anybody noticed.
The gist: As has already happened in the gaming industry – where Zynga now has a larger market cap than Electronic Arts – Facebook expects insurgent entrepreneurs to "reform" the film, TV, news, e-commerce and music industries with the help of Facebook. Some of these companies will be incumbents. Some will unseat incumbents. Here's how Zuckerberg put it: "Anything that involves content or specific expertise in an area – games, music, movies, TV, news, anything in media, anything e-commerce, any of this stuff.
Mark Zuckerberg. Mark Zuckerberg (finkd) Facebook Privacy: 6 Years of Controversy [INFOGRAPHIC] Alexander Hotz is a freelance multimedia journalist and public radio junkie based in New York City. Currently he teaches digital media at Columbia University's Graduate School of Journalism. Follow Alex on Twitter at @hotzington. The release of Facebook Places raised serious privacy concerns for users of the social network. Places allows users to alert their friends to where they are by checking-in to a nearby location, often via mobile phone. Users can also view the location of nearby friends and the information they’ve posted about locations. Critics of the feature point out that under Places’ default setting, a user can tag a friend’s location even if that friend is not physically in that location.
What’s more, all checkins will appear in the News Feed and activity stream for that place, unless otherwise specified. This isn’t the first time Facebook has received criticism for its privacy practices. The graphic below was created for Mashable by Lisa Waananen. Zuckerberg PrivacyisOver. Facebook founder Mark Zuckerberg told a live audience yesterday that if he were to create Facebook again today, user information would by default be public, not private as it was for years until the company changed dramatically in December. In a six-minute interview on stage with TechCrunch founder Michael Arrington, Zuckerberg spent 60 seconds talking about Facebook's privacy policies. His statements were of major importance for the world's largest social network - and his arguments in favor of an about-face on privacy deserve close scrutiny. Zuckerberg offered roughly 8 sentences in response to Arrington's question about where privacy was going on Facebook and around the web.
The question was referencing the changes Facebook underwent last month. See also: Why Facebook is Wrong: Privacy is Still Important Zuckerberg: "When I got started in my dorm room at Harvard, the question a lot of people asked was 'why would I want to put any information on the Internet at all? The Flimsy Evidence. WhyFacebook is Wrong Privacy Still imp. Facebook founder Mark Zuckerberg told a live audience this weekend that the world has changed, that it's become more public and less private, and that the controversial new default and permanent settings reflect how the site would work if he were to create it today. Not everyone agrees with his move and its justification. Has society become less private or is it Facebook that's pushing people in that direction? Is privacy online just an illusion anyway? Below are some thoughts, based primarily on the pro-privacy reactions to Zuckerberg's statements from many of our readers this weekend.
Though there is a lot to be said for analysis of public data (more on that later), I believe that Facebook is making a big mistake by moving away from its origins based on privacy for user data. In Facebook's early days, and for the vast majority of the site's life, its primary differentiator was that your user data was only visible to other users that you approved friend requests from. Facebook Founder on Privacy: Public Is the New "Social Norm" Facebook founder Mark Zuckerberg claims that if Facebook was starting out now, sharing with everybody — rather than with a small group of friends — would be the starting point. Is this more about reflecting social norms or changing them to help Facebook compete with Twitter? The statement, made during a livestream of the Crunchies awards, hits on a hot button issue for Facebook: It recently notified users of privacy changes via a pop-up notification.
While the message claimed that Facebook was displaying the message to give users more privacy controls, blindly clicking "next" was a way to make much of your data public. And in fact, some data like the Friends List has become more public without any settings changes by users. Zuckerberg: Sharing is the "Social Norm" When I got started in my dorm room at Harvard, the question a lot of people asked was 'why would I want to put any information on the Internet at all?
Change Was Inevitable My take: Zuck is right; the change was inevitable. Zuckerberg Opens His Facebook Page Wide Open. He Knows What He’s. From the beginning of the week, Facebook began rolling out new privacy settings, which were meant to enable the user what information can be shown (to people who are not friends, or are friends of friends, or networks).
They were also able to keep their old privacy settings. In a press release, Elliot Schrage, Vice President of Communications, Public Policy and Marketing said “Facebook is transforming the world’s ability to control its information online by empowering more than 350 million people to personalize the audience for each piece of content they share.” However, one blog noticed that rather than ‘control’ what information he was sharing, Zuckerberg has opened almost all of his profile to everyone, allowing us to see all his photos, some personal information and events he is planning on attending. “I can see his wall, his photo albums, and his events calendar. Here are Hill’s screenshots of his profile (just in case he changes his mind!) Facebook is not your friend | Andrew Brown | Comment is free | g.
There is a wonderful graphic on the New York Times site showing how Facebook's privacy statement has got larger and larger to cover the growing holes in its privacy policy. The mapping isn't perfect: if it were, the declaration of Facebook's dedication to privacy would have to be of almost infinite size, since the default amount of privacy Facebook now offers is practically zero. When the site first started, very few people could join, and nothing became public, even to them, without the users' express permission. Now everyone can join and everything is public to almost all of them unless you make a determined effort to hide it. This effort has to be renewed every six months or so when Facebook revises its privacy policy to make it more opaque and less effective. There is a wonderfully graphic animation of the process at this site. If you decide it isn't worth it, Facebook turns out to be very difficult to leave.
Facebook Privacy: A Bewildering Tangle of Options - Graphic - NY. How to convert email addresses. Facebook "clickjacking" spreads across site. 3 June 2010Last updated at 10:54 One link claims to be nude pictures of Paramore singer Hayley Williams Hundreds of thousands of Facebook users are falling victim to so-called "clickjacking" attacks, warn web security labs. Facebook members see links to subjects such as "World Cup 2010 in HD" or "Justin Bieber's phone number" that their friends appear to have "liked". Clicking the link tricks users into recommending the site on Facebook too.
Security experts say the scam currently has no malicious intent but could be adapted to deliver malware. The link generally takes the user through to a page containing an instruction, such as asking them to click a button to confirm that they are over 18. However, wherever they click on the page it adds a link to their own Facebook profile saying they have also "liked" the site. Currently the purpose of clickjacking is "trivial" and does not actively result in any malware or phishing attacks, said Graham Cluley, senior technology consultant at Sophos. CNN privacy claims: True or false? Open Letter to Facebook: More Privacy Improvements Needed | Elec. Advocacy Groups Poke More Holes In Facebook Privacy, Facebook Re. Web 2.0 Suicide Machine - Meet your Real Neighbours again! - Sign out forever! Web 2.0 suicide machine promotion. Facebook test delete-knop voor accounts. Stan Marsh Delete his Facebook Profile.
Open Graph. Facebookbrowser. Ok You Luddites, Time To Chill Out On Facebook Over Privacy. A Movie for Anyone On FaceBook. Hacker Proves Facebook’s Public Data Is Public. UK Rules Google Innocent of Capturing Private Data. Major Corporations Are Downloading Those 100 Million Facebook Profiles off BitTorrent. Facebook bug spills name and pic for all 500 million users. AutoTagger: Tag your Facebook photos on your iPhone via facial recognition.
Lost In Val Sinestra: A Mesmerizing Movie Trailer Featuring Your Facebook Friends. David Kirkpatrick about facebook/google. Amazon The Facebook Effect: The Inside Story of the Company That Is Connecting the World. D.Kirkpatrick Explores The Evolution Of Facebook. Quora Opens Up To Search Engines As Facebook Looms. Facebook Enters the Google-Verizon Net Neutrality Debate. Cartoonist's take on Facebook's new privacy controls. You Can't Block Mark Zuckerberg on Facebook. Why You Can't Block Mark Zuckerberg on Facebook. You Can Block Any Facebook User Except Mark Zuckerberg. Facebook in Online Privacy Breach; Applications Transmitting Identifying Information. The Rise of Facebook Mobile. Calixte: The current default is tha...
The Inside Story of How Facebook Responded to Tunisian Hacks - Alexis Madrigal - Technology. The Future of Facebook Project by Venessa Miemis. How Facebook is Killing Your Authenticity - steve's blog. The Real “Authenticity Killer” (and an aside about how bad the Yahoo brand has gotten)