Tell Us All What You Think About Popular Websites Promising To Share Revenues, But Not Doing So!
(Taylor Buley, Forbes) The wisdom of the crowds has turned into peer pressure for Facebook.
The hubbub over Facebook's terms of service erupted last weekend after the Consumer's Union's Consumerist.com blog posted an entry explaining what the terms of service changes would mean--basically, that Facebook would be able to use member messages, photos and other content even after the the member canceled his or her account. A privacy discussion in the blogosphere quickly came to a head.
Monday, Zuckerberg responded on the corporate blog. "We wouldn't share your information in a way you wouldn't want," he wrote. "The trust you place in us as a safe place to share information is the most important part of what makes Facebook work." Less than 36 hours later, Facebook recanted its position.
Maybe Facebook is learning from past mistakes. The company's Beacon advertising program, launched in late 2007, set off a storm of protests from members who were concerned that Facebook would provide advertisers with too much of their personal information. Facebook took about a month to respond to members' criticisms before making changes to Beacon.
"Instead of acting quickly, we took too long to decide on the right solution," Zuckerberg wrote at the time. "It took us too long after people started contacting us to change the product."
Fortune: self made
Net Worth: $1.5 bil
Country Of Citizenship: United States
Residence: Palo Alto, California , United States, North America
Marital Status: single,
Education: Harvard University, Drop Out
Tech's newest golden boy founded addictive social networking site Facebook in February 2004 from his Harvard dorm room. Left school for Silicon Valley later that year; scored initial $500,000 investment from PayPal cofounder Peter Thiel. Venture firms soon swooned, among them Accel Partners and Greylock Partners. Today Facebook boasts 66 million active users. Estimated annual sales: $150 million. Expanding beyond being a college-only message system and photo album; now courting users to 55,000 different high school, business and city networks. Problems with privacy: installed "News Feed" in 2006; program automatically alerted users' friends to changes they made to their profiles. Outcry over privacy concerns led company to backpedal; Zuckerberg issued apology. Similar controversy ensued after release of Facebook Beacon late last year; program automatically alerted friends of activities on selected outside sites, including eBay and Fandango. Microsoft bought 1.6% stake for $240 million last October; deal led many to suggest the company is worth $15 billion. Some analysts—and even a few Facebook investors—suggest the company's value is far lower.
WeN2K News Commentary:
From the very beginning WeNeed2Know.com has been a website that offers members power over their own content because they can create it and/or delete it at will. Your posts can stay up for a day or forever (or as long as we exist - which will probably be a long time due to our passion and commitment). While other websites have "promised" to share their vast wealth and Ad revenues with their members - what have the members, the users, the posters gotten? Think Dunkin or Krispy Kreme...Nadda! For most of the popular websites (not to name names, but ones like Myspace, Youtube and Facebook) members are simply tools to advertise to and collect data about to provide to big businesses who pay to know your habits, beliefs and preferences.
Our passion and commitment is to allow a place (as free from censorship or hatred or vile pornography) where people can share TRULY unique information BECAUSE they are (can be) anonymous. With our Fee2See.com service (and our upcoming "SomeoneInTheKnow" service), our passion is to provide a platform where ANYONE...ANYWHERE, with unique content, information, knowledge, etc. can generate vast income (we repeat VAST income) from ninety-nine cent posts. We call them "exclusive posts" and they can make a person (who posts "that" post) rich overnight...depending on you, your uploaded content and untold Internet users worldwide finding it!
WeN2K chooses to take the path of power through (and with) the people, not AT their expense/cost. As you (the people, our valuable members) grow...we grow! It is astounding to us that so many websites...so bloated with success...choose to go the/an archaic route that only takes advantage of its users and members...by seeing them as predictable consumer units. To us it makes far more sense to become one with our members with mutually beneficial goals...as one back scratches the other and maintains the well being of the entire body electric! Help us make WeN2K and Fee2See something that has never been...something beyond the same "old boy's" construct that keeps the world from freely evolving and REALLY changing! We promise you we are different! You are valuable to us...not just a digital unit! We know that without you this thing of OURS would not be possible! Thank you!
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