Thursday, May 27, 2010

Facebook is fixing its problem

The intent of social networking is to share. The business model of Facebook was to make an environment that promotes sharing. Well they now are being asked to tweak that model. For business sake, Facebook is responding. Here is the story in a nutshell. Facebook is under attack by privacy advocates. I get it, they feel like too much personal info is too available and controls aren’t good enough. So what is Facebook doing—its fixing the problem. I like free market fixes and Facebook is a perfect example of a market driving change. No lawsuits had to be filed (I am sure they will be anyway) or regulators had to jump in to tell Facebook that the way things are structured isn’t good enough and needs to change. So what Facebook is doing is making more basic data private. It's making it easier to control different kinds of information to remain private, provide more ability on the users part to have even more customized settings and provide better control from outsiders to users.

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