What the Facebook FTC Settlement Means for Social Media On Tuesday the Federal Trade Commission officially rapped Facebook’s knuckles in a broad-reaching settlement on privacy, alleging the social network misled its users on what they were sharing and with whom. The settlement, which lays out a number of specific rules the service must now abide by, requires Facebook to be much more transparent about its privacy practices going forward. The thing is, Facebook was already doing that. Sure, the requirement that the company must now submit itself to biannual review from a third-party oversight board for the next 20 years sounds heavy, but it’s really not.
I founded Facebook on the idea that people want to share and connect with people in their lives, but to do this everyone needs complete control over who they share with at all times. This idea has been the core of Facebook since day one. When I built the first version of Facebook, almost nobody I knew wanted a public page on the internet. That seemed scary. But as long as they could make their page private, they felt safe sharing with their friends online. Control was key. Our Commitment to the Facebook Community
Harry Campbell Facebook is in a corner. Another Internet hot shot, Groupon, is trading below its offering price, and the market for Internet initial public offerings over all appears to be deflating. The European sovereign debt crisis isn’t helping the market gloom. The coming months are shaping up to be a bad time to undertake an I.P.O. Still, Facebook will almost certainly have to go public during this time whether it wants to or not — and whether or not it can get a valuation of $100 billion or more in doing so. Facebook May Be Forced to Go Public Amid Market Gloom
Everything You Need to Know About Facebook's $100B IPO By now, you've probably seen the latest status update on Facebook's IPO, and it's a doosey: When the company goes public it will raise $10 billion, bringing its valuation to $100 billion While the value of raising $10 billion is self-evident, Facebook has been a private company for seven years or so and seems to be humming along quite nicely. Why do Mark Zuckerberg and Co. want to open his books for investors and invite rude questions from analysts? We tackled that question and more below, which is designed to be a primer for that most-anticipated of all social media IPOs.
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Leaders: Poking goes public
The Truth About Facebook Privacy—if Zuckerberg Got Real If Ohio’s Republican governor John Kasich wins reelection in November, expect the chatter about a possible White House run to increase. But could his support of Medicaid expansion sink him? Unless you live in Ohio, or are a political junkie, chances are you have never heard of its Republican governor, John Kasich. But that will likely change after November’s mid-term election if Governor Kasich wins his reelection bid by a respectable margin—setting the chattering class off yapping about his increased 2016 presidential prospects. Last month, Kasich received a national profile boost when he was invited to the widely reported, “Sheldon Primary,” the goal of which was to impress Las Vegas billionaire casino owner Sheldon Adelson.
How Facebook Screwed With Everyone's Privacy And What It's Doing About It
The Apologies of Zuckerberg: A Restrospective - Liz Gannes - Social At this point, Facebook CEO Mark Zuckerberg’s pattern on privacy is clear. Launch new stuff that pushes the boundaries of what people consider comfortable. Apologize and assure users that they control their information, but rarely pull back entirely, and usually reintroduce similar features at a later date when people seem more ready for it. Of the 25 posts Zuckerberg has published on Facebook’s corporate blog in the past five years — including today’s acknowledging a long-term privacy settlement with the FTC — I count 10 that were written to address complaints.