Sorry, Friends; Facebook and Privacy  

Oleh:

[s.n]

Jenis: Article from Bulletin/Magazine
Dalam koleksi: The Economist (http://search.proquest.com/) vol. 401 no. 8762 (Dec. 2011), page 73.
Topik: Privacy; Social Networks; Settlements & Damages; Federal Regulation; Initial Public Offerings

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Perpustakaan Pusat (Semanggi) Nomor Panggil: EE29.69 Non-tandon: 1 (dapat dipinjam: 0) Tandon: tidak ada

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Facebook has been playing with fire and has got its fingers burned, again. On November 29th America's Federal Trade Commission (FTC) announced that it had reached a draft settlement with the giant social network over allegations that it had misled people about its use of their personal data. The details of the settlement make clear that Facebook, which boasts over 800m users, betrayed its users' trust. It is also notable because it appears to be part of a broader attempt by the FTC to craft a new privacy framework to deal with the swift rise of social networks in America. The regulator's findings come at a sensitive time for Facebook, which is said to be preparing for an initial public offering next year that could value it at around $100 billion. To clear the way for its blockbuster flotation, the firm first needs to resolve its privacy tussles with regulators in America and Europe. Hence its willingness to negotiate the settlement unveiled this week, which should be finalised at the end of December after a period for public comment.

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