Warm Southern Breeze

"… there is no such thing as nothing."

Posts Tagged ‘Zuckerberg’

FaceBook jokes aside, are there GENUINE dangers in Social Media?

Posted by Warm Southern Breeze on Monday, June 11, 2012

Slowly, but surely, there is a resounding “YES!” which is beginning to reverberate throughout the nation, in response to that question.

Recently, news reports have emerged that FaceBook‘s lawyers are seeking a way around the “Children’s Online Privacy Protection Act of 1998.” Mr. Zuckerberg’s opposition to COPPA is well-known. In a May 2011 interview with CNNMoney writer , when asked how he would deal with COPPA, said “Because of the restrictions we haven’t even begun this learning process. If they’re lifted then we’d start to learn what works. That will be a fight we take on at some point.”

[Ed. note: The COPPA may be read here: http://www.ftc.gov/ogc/coppa1.htm]

That federal law, in essence, forbade (that is, made illegal) any effort by an online entity from collecting personally identifying information from children.

And, true to form, there will doubtlessly be laws enacted, and court cases decided that deal with issues of commerce, privacy, First Amendment rights, and other certain freedoms that we as people freely exercise.

Doubtless as well, those pushing the limits will be corporations – those “artificial” persons, which – according to the United States Supreme Court – also have the EXACT SAME RIGHTS as any real person.

And then again, there’ll be the TEA Party/Republican radicals that scream “too much government, too much regulation, smaller government, less regulation – let the free market decide!”

In essence, not only have you already become a commodity that is bought, sold & traded (think “slavery” – yes, I’m dead serious), but you will soon no longer have any rights to control the invasive eavesdropping/electronic surveillance/stalking that the companies perform against you while you peruse their websites or use their software. Suffice it to say, the information they collect about you is not yours, but rather theirs.

And just so you’ll be aware, this FaceBook problem is not exclusively limited to the United States.

Before closing this commentary, I’d like to let readers know that there are several good browser add-ons that assist privacy efforts. Among them are “HTTPS Everywhere” – by the Electronic Frontier Foundation, and “DNT+” – by Abine. Of course, Aurora by Mozilla/Firefox is a more secure browser than either Microsoft Internet Explorer, or Apple’s Safari.

I encourage you to also read the Consumer Reports article on FaceBook privacy which follows this item.

ADDENDUM Tuesday, 26 November 2013:

F.B. (Fluff Busting) Purity (FBPurity.com) is an anti-spam, browser extension / add-on that lets you clean up and customize Facebook. It filters out the junk you don’t want to see, leaving behind the stories and page elements you do wish to see. The list of story types that FBP hides is customizable to your taste. It alters your view of Facebook to show only relevant information to you. It removes annoying and irrelevant stories from your newsfeed such as game and application spam, ads and sponsored stories. It also hides the boxes you don’t want to see on each side of the newsfeed.

Wising Up to Facebook

June 10, 2012, By

WHAT’S the difference, I asked a tech-writer friend, between the billionaire media mogul Mark Zuckerberg and the billionaire media mogul Rupert Murdoch?

When Rupert invades your privacy, my friend e-mailed back, it’s against the law. When Mark does, it’s the future.

There is truth in that riposte: we deplore the violations exposed in the phone-hacking scandal at Murdoch’s British tabloids, while we surrender our privacy on a far grander scale to Facebook and call it “community.” Our love of Facebook has been a submissive love.

But now, not so much. In recent weeks it seems the world has begun to turn a jaundiced eye on this global megaplatform. While that may not please Facebook’s executives, it is a good thing for the rest of us — and maybe for the future of social media, too.

The recent history of the Facebook phenomenon has been a serial bursting of illusions.

Most conspicuously, there was the

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Congratulations, Mark Zuckerberg! And welcome to the 1% of the 1% class!

Posted by Warm Southern Breeze on Wednesday, May 23, 2012

Is it clear enough that Wall Street denizens like neither FaceBook or Mr. Zuckerberg?

They bitched, moaned, groaned, griped, carped and complained about his attire.

Now, the stock of his company is tanking, and readers will recall the title of an earlier post which asked “How is FaceBook’s IPO like Erectile Dysfunction?

To be certain, this is not a reflection upon Mr. Zuckerberg’s character, but rather a form of criticism of his company’s business model. More specifically, it is the demonstrated lack of a concrete, long-term profit-making revenue stream which has many analysts concerned about the firm’s long-term viability.

By the way, based on 2009 tax year filing data, the Internal Revenue Service says an Adjusted Gross Income (AGI) of $343,927 or more, will put you in the top 1 percent of taxpayers.

Mark Zuckerberg earns $1.1 billion from selling Facebook shares

By Salvador Rodriguez

May 22, 2012, 5:35 p.m.

Mark Zuckerberg on Tuesday completed the transaction of the 30.2 million shares he sold in Facebook’s IPO Friday.

The shares he disposed of sold for $37.58 a piece, bringing him a cool $1.1 billion. But despite all that money, the Facebook CEO will be Read the rest of this entry »

Posted in - Lost In Space: TOTALLY Discombobulated, - Read 'em and weep: The Daily News | Tagged: , , , , , , , , , , , , , , , , | Leave a Comment »

How is FaceBook’s IPO like Erectile Dysfunction?

Posted by Warm Southern Breeze on Sunday, May 20, 2012

{UPDATE: Tuesday, 22 May 2012 – 2d story added}

Read on, to find out why.

(Oh, and please, dear reader, don’t make me spell it out why.)

And, as an interesting note aside, Mr. Zuckerberg was married yesterday.

Here’s wishing him and his bride all the best.

Nasdaq ‘embarrassed’ over Facebook IPO

By Telis Demos in New York, May 20, 2012 10:12 pm

facebookNasdaq OMX‘s chief executive admitted he was “embarrassed” by the delay in the opening trade of Facebook’s initial public offering and revealed that the exchange was in talks with regulators over potentially millions of dollars of customer claims.

Bob Greifeld said on Sunday that the 20-minute delay in trading of Facebook’s $16bn offering on Friday had been caused by a millisecond systems blip due to the largest IPO auction “in the history of mankind”.

The exchange has found itself in the spotlight after Facebook failed to deliver a first-day “pop” to investors, instead almost falling below its issuing price of $38. The shares, having risen briefly, quickly fell away to close the day with a gain of just 0.6 per cent, at $38.23.

As a result of the trading delay, Nasdaq was left with a position in Facebook shares that it was forced to liquidate, according to its own rules, generating $10m for the group. It plans to use that money, plus potentially more, to resolve disputes related to 30m shares that may have received improper trades.

It has requested approval from Read the rest of this entry »

Posted in - Lost In Space: TOTALLY Discombobulated, - Read 'em and weep: The Daily News | Tagged: , , , , , , , , , , , , , , , , , , , , | 1 Comment »

 
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