Much has been written about Facebook’s upcoming initial public offering — which, if successful, will raise more than $5 billion, making it one of the largest IPOs in history. The information about Facebook’s operations that has been released paints a picture of a company that is certainly not without risks to investors. But with a customer base of nearly 800 million, who cares?
We’ve also been reading a lot about Google’s attempt to change its privacy policies and how governments in the United States, Europe, and elsewhere have reacted with significant concerns about the consumers who will be affected by the revisions. Adding to the paternalistic instincts of legislators and consumerists is Facebook’s planned “timeline” profile page and the privacy concerns surrounding it.
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