Facebook IPO – Initial Public Offing…Er? A Quick Review

Feb 8, 2012

In this CloudTweaks article authored by our CTO, Juergen Geck, he reflects on recent history in the context of Facebook’s impending public stock offering. Let’s go back and check in on Zuck & Co. in the time machine.

Myspace example aside, what value does Facebook’s overripe IPO actually present? Does this financial assessment represent the beginning of Facebook’s value to users to provide a better SNS’s (Social Network Site)? Or is it a saving-factor to cash in on what cannot be sustained?

Juergen argues that all it will take to bring down Facebook is an alternative service that doesn’t put a claim on owning its users’ data. This is a long-standing principal and core value proposition at Open-Xchange: the imperative issue of data best online casino privacy and controlling one’s data: it must remain with users. Without this at the center of future SNS models, these kinds of platforms are only doomed to remain profiling databases for advertisers.

So, the real question I pose to you is: when posting to Facebook, do you ever think about how your information gets used outside of your control? What level of pain would be required before you would not upload what used to be cherished as a private and is now being traded openly on the market? ‘Be Bold. Be Open.’ Good one, Mark. Good to know.

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