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Latest Criticism of Facebook Stories

Facebook IPO Overshadowed By Multi-billion Dollar Lawsuit
2012-05-19 05:15:44

On what should have been Facebook´s biggest and brightest day, the company´s initial public offering on Friday was overshadowed by an unprecedented $15 billion class action lawsuit filed against the social network for violating its members´ privacy by tracking Internet usage. The action, filed in federal court in San Jose, California, combines 21 cases filed across the US and alleges Facebook violated privacy rights of its some 800 million subscribers by tracking them even...

Facebook Roundup
2012-05-16 03:54:40

Michael Harper for RedOrbit.com There´s been a lot happening in the world of Facebook lately. In the days leading up to what is expected to be the largest IPO of any internet company, Facebook is covering some tracks and tightening up a few of their offerings. Have you taken a look at the new mobile version of Facebook in the past day or two? It would appear as if they have used their $1 billion purchase to “borrow” a few design cues from the Instagram app we all know...

2012-05-14 18:20:48

ENGLEWOOD CLIFFS, N.J., May 15, 2012 /PRNewswire/ -- Days before one of the most highly anticipated IPOs in recent history, an AP-CNBC poll found that investors have mixed opinions on both investing in Facebook and its leader, Mark Zuckerberg, and strong opinions when it comes to trust, purchasing and advertising on the site. Key findings include: About half (51 percent) say Facebook stock would be a good investment to make while 31 percent say it would not be so good and 17...

Facebook Privacy Policy Changes Hint At Increased Advertising
2012-05-13 04:10:44

Facebook unveiled updates to their social media network's privacy policy on Friday in order to better explain exactly what the website does and does not do with the information of its users. According to Chloe Albanesius of PCMag and Cameron Scott of IDG News, the move comes after a December 2011 audit by the Irish Data Protection Commissioner´s Office (DPC), which called upon Facebook to be more open about what happens to the information that users share on the social media website....

Facebook’s Zuckerberg Kicks Off Cross-country IPO Roadshow
2012-05-08 04:26:29

Facebook Inc. CEO Mark Zuckerberg kicked off a cross-country roadshow at New York City's Sheraton Hotel on Monday, pitching the company´s stock to some 500 prospective investors for an initial public offering expected sometime next week. Wearing his trademark jeans, sweatshirt and sneakers, Zuckerberg and other members of Facebook´s executive team, including chief operating officer Sheryl Sandberg and chief financial officer David Ebersman, are seeking to raise about $10.6...

Facebook Addiction Is Real
2012-05-07 11:55:12

It´s easy to see how people can be addicted to social media sites like Facebook. They are incredibly easy-to-use pipelines into the lives of others. Staying connected to Facebook can feel just like being connected to actual people. Noticing the rapid use of Facebook and reliance upon it for human connection, Doctor of Psychology Cecilie Schou Andreassen created a research project called Facebook Addiction at the University of Bergen (UiB). An article detailing the results has been...

Facebook IPO Could Be Worth Record $96 Billion
2012-05-04 10:29:04

Facebook, on the verge of going public, has set its share prices at $28 to $35, a share price that would set the social network´s valuation at close to $87 billion, although many market watchers believe that price will likely rise before the company does go public later this month, according to a regulatory filing released yesterday (May 3). Facebook will begin meeting with investors next week and is scheduled to officially price the offering on May 17, according to Bloomberg Business...

Facebook Makes Privacy Difficult
2012-05-03 13:25:57

In a story which will surprise no one who´s been using Facebook for any length of time, Consumer Reports is saying the social media giant isn´t making their privacy policies clear enough for their 150 million users. As more people hand over more information to Facebook, Consumer Reports is saying users should be careful about what they are sharing. Of the 150 million Facebookers, 13 million haven´t set any kind of online privacy controls. According to Consumer Reports, this...

2012-05-03 02:34:58

Investigation Looks at Data Collection through the Biggest Social Network; Nine Ways for Consumers to Protect Themselves YONKERS, N.Y., May 3, 2012 /PRNewswire-USNewswire/ -- Nearly 13 million U.S. Facebook users do not use, or are not aware of the site's privacy controls, according to a new Consumer Reports investigation on Facebook and privacy, potentially exposing personal information beyond their network of Facebook friends. The report also revealed that a projected 4.8 million...

Facebook Dropping The Ball With Its Advertisers
2012-05-03 04:00:23

Various media reports are pointing out that Facebook's advertising business is a tangled mess, which could be a warning to those wanting to invest once the company goes public. The social network is expected to gain a valuation of $100 billion after it makes its initial public offering (IPO) on May 18.  However, reports by the Wall Street Journal and CNET are raising the question of how Facebook plans to make itself worth that much as its advertising business starts to slowly slide,...