Linked by Howard Fosdick on Wed 5th Sep 2012 05:24 UTC
In the News Remember the dot com debacle of a decade ago? Well, it's back, this time in the form of Facebook. Since its high-profile public offering last May at over $38/share, FB is now down to about $18/share. Management is finding that running a public company is very different than one privately held, as people variously blame Mark Zuckerberg (or not), CFO David Ebersman, lead IPO underwriter Morgan Stanley, and even the NASDAQ stock exchange. The real problem, of course, is that Facebook went public even as its business model desperately searches for new revenues. Let's just hope they don't pull a Digg and fatally redesign the whole site in response.
Thread beginning with comment 533899
To view parent comment, click here.
To read all comments associated with this story, please click here.
UltraZelda64
Member since:
2006-12-05

Hey, I got the beer. ;) But I agree completely--so many people I know moved from MySpace to Facebook which is where they remain today, despite all of the moves Facebook is pulling on all of their users' privacy behind their backs. I really don't think they even realize it. For years, I've been annoyed by all of the pages my friends put up, how they require you to get a Facebook user account just to look at. Still, I always refused. It only got worse, and began tracking "anonymous" users, when they announced the Facebook "Like" button. Unfortunately, Google's +1 button is also a tracking button, but I don't need to say which company I would trust more between the two. Either way, I block them all with various plugins, and all Facebook domains that I know of I usually have blocked by OpenDNS.

A friend of mine likes to slam Google when it comes to privacy, and you know... Google is pretty bad too when it comes to "privacy" (they tend to "know" everything about you based on what you do on all of your services), but compared to Facebook... they're not even on the same level of invasiveness. They do mention that they will not give any information away to a third-party company, that they do not make changes violating users' rights at random and just say "oops" when caught. They even give their users some very fine-grained control over what is available to just themselves, just a friend or two, one or more groups of people, or fully public.

Facebook did away with all of this one-by-one over the last several years, silently, behind everyone's backs--and I hope Google remains trustworthy enough to not follow their footsteps if Google+ does get big. Yet somehow, in my friend's mind Google is to be completely mistrusted, while he has a Facebook page himself, completely oblivious to what they are doing with his information, and claiming Facebook's great.

Edited 2012-09-05 06:56 UTC

Reply Parent Score: 4

JAlexoid Member since:
2009-05-19

Does he also think that Microsoft and Apple don't collect user data?

Edited 2012-09-05 11:30 UTC

Reply Parent Score: 2

UltraZelda64 Member since:
2006-12-05

Does he also think that Microsoft and Apple don't collect user data?

I don't know for sure, but he really seems to just be anti-Google for some reason. He seems to just not care when I bring up any such companies' privacy issues and news--whether it's Microsoft, Yahoo, Facebook or some other company, but he seems to like slamming Google. And he does use products and services from almost all of those companies (probably even Google, I wouldn't be surprised).

Between Microsoft, Apple and Facebook, I don't know what the order would be from least to most invasive on their users' privacy, but I think it's safe to say that Facebook would be the absolute worst of the bunch. Their history of blatant invasion of their users' privacy and silently stripping it away and just claiming "oops" every time they get caught is just that bad.

Edited 2012-09-05 22:01 UTC

Reply Parent Score: 2

WorknMan Member since:
2005-11-13

They (Google) do mention that they will not give any information away to a third-party company, that they do not make changes violating users' rights at random and just say "oops" when caught.


No, they don't say 'oops'... they just claim it was an accident, like when they got busted driving vans down city streets and slurping data from public wifi access points. Look, I don't trust Facebook. I don't trust Google either. Trying to argue over which you should trust less is like arguing which of the neighborhood pedophiles you should let babysit your children.

Reply Parent Score: 3