Zero hour is approaching as the certainty grows that Facebook will be filing for its initial public offering this week. Zero hour for excited investors and Wall Street banks — and zero hour for privacy advocates. Even as a private company, Facebook had no problem pushing the envelope, said Consumer Watchdog spokesperson Carmen Balber. “Facebook is already treading dangerous waters as far as privacy rights are concerned. The pressure to monetize consumers’ user data will be greater when there are shareholders to satisfy.”
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Facebook's IPO May Be the Last Straw for Privacy-Minded Users
Posted by: Erika Morphy January 31, 2012 05:00 AMZero hour is approaching as the certainty grows that Facebook will be filing for its initial public offering this week. Zero hour for excited investors and Wall Street banks — and zero hour for privacy advocates. Even as a private company, Facebook had no problem pushing the envelope, said Consumer Watchdog spokesperson Carmen Balber. “Facebook is already treading dangerous waters as far as privacy rights are concerned. The pressure to monetize consumers’ user data will be greater when there are shareholders to satisfy.”