Showing posts with label business model. Show all posts
Showing posts with label business model. Show all posts

Thursday, December 1, 2011

What's wrong with the FTC-look at the Facebook settlement. Shameful by any legal standard!

Is anyone else disappointed in how inefficient U.S. government and the FTC has been-waiting this long and willing to accept "settlements" from companies like Facebook that relish in exposing everyone (except their own executives) information as part of their culture and original business model. I guess that is a type of business model in the way that cos I never heard of, posting your information and then asking you to "claim this profile". That there is no financial punishment to a company that has been doing it blatantly since it's founding (in legal terms punitive damages) indicates that the laws and congress are for sale, through corporate lobbyists-Facebook has a big lobbying unit in Washington D.C.
Its a shame because without punitive damages there is no incentive for anyone to respect privacy until they are forced to (which in Facebook's case was 5 years plus) I cannot imagine in private sector lawyers would work and spend years only to settle for such weak terms (no financial or punitive damages) It is a settlement between a watchdog and a private, for profit company being treated like a misunderstanding that has been going on for over 5 years! I can understand why FTC and other government agencies cannot attract top level talent nowadays. If I were a lawyer and spent all this time and effort to get nothing tangible (financial or personal satisfaction) I would feel like the whole thing was a waste of my time and expertise.

-A "faceless" Myabuyer


Wednesday, March 16, 2011

When do people care about privacy-always!

I want to ask everyone in the google universe when do you care about your privacy? I am assuming your answer is all the time! It is bunk when Social Networks like the CEO of a network that starts with F and ends in "book" boasts, about you and I not caring about our privacy...I can tell you, the reader in everyplace I have been to in the world (5 continents and counting) no one has ever told me, no we don't care...

The reason why there is not so much outrage to the trivialization of privacy from social networks is that most of the world (outside the U.S.) DO NOT KNOW about it. The fact is most social network users outside the U.S, have no idea that these cos have such a reckless disregard for privacy.
No one I spoke to, even knew how social networks made money...If social networks told this to people outside the U.S-that they were abusing the privacy and information of its users, the admiration (not to mention the number of new users) goes out the window.

When I tell people about what social networks are really doing, they cannot imagine a robust democracy like the U.S. would let companies get away with it. This is not innovation, but the Internet equivalent of telemarketing, email harvesting and/or dumpster diving.

Social networks must hope that Congress and U.S. lawmakers will continue to ignore what they do. Unfortunately the action/inaction of the U.S. has consequences. In this case, inaction acts like a rubber stamp in the eyes of many outside the U.S. that what other social networks do (particularly how the one that starts with the letter F and ends in book, does not allow its users to OPT-OUT of all their many privacy invasive features) is appropriate. It also sets a horrible example to others around the world who decide to copycat this deceptive model. When we stop having respect for the privacy of our fellow man, bad things do happen.

That is why it us time for the U.S. government to :"get 'er done", and put a stop to many of these egregious practices.

Sincerely,
A concerned member of Myabuy