Investors sue facebook

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bilateralrope
Sith Acolyte
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Location: New Zealand

Re: Investors sue facebook

Post by bilateralrope »

muse wrote: We also think that FB's future revenue growth isn't going to be from ads and ad clicks, but from mining its database and selling the information to the highest bidders.
Isn't Facebook already under scrutiny over it privacy practices being possibly illegal ?

Which would hamper any plans to share more user data.
Pendleton
Padawan Learner
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Re: Investors sue facebook

Post by Pendleton »

HMS Conqueror
Crybaby
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Joined: 2010-05-15 01:57pm

Re: Investors sue facebook

Post by HMS Conqueror »

It's stupidity arbitrage.

An investor sees: "The Facebook owners are selling now because they think it's topping out, and they want to be able to afford the biggest possible yacht when they bugger off to do something else."

The public sees "OMG it's Facebook how can I possibly lose money?!"

It's like people who buy shares in football teams they support, but with added dot com mania.
bilateralrope
Sith Acolyte
Posts: 6205
Joined: 2005-06-25 06:50pm
Location: New Zealand

Re: Investors sue facebook

Post by bilateralrope »

On the Facebook plans to harvest user data front, there is a rumor they want to buy Opera. Think how much extra private data they can get at if they don't have the users browser harvesting it, instead of trying to protect the users privacy.
Is Facebook about to buy Opera to create own Facebook browser?

A Facebook browser that would allow you keep up to date with your social life from in-built plug-ins and features on the menu bar could be on the cards. Pocket-lint has heard from one of its trusted sources that the social networking giant is looking to buy Opera Software, the company behind the Opera web browser.

According to our man in the know, the company could be about to expand into the browser space to take on the likes of Google, Apple, Microsoft, Mozilla and now even Yahoo, who has recently launched its own browser.

The move - which would no doubt send shivers of panic through Google - although unlikely to affect Chrome's continued growth in the short term, would see the two tech giants battle it out on your desktop and mobile for web surfing as well as social networking.

Opera already has a very good mobile browser, which has seen strong growth in the two years it has been available. And Facebook's buying the company would save it having to build a browser from scratch.

Since the Facebook IPO, which netted the company over $16 billion, Mark Zuckerberg's organisation has plenty of cash to expand. It has also left us in no doubt that it wants to get into the mobile sector more and more. Owning its own browser to market data from users regardless of whether or not they are actually on the Facebook website would be one such way of doing that.

Opera claims to have around 200 million users across all of its platforms.
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