http://finance.yahoo.com/news/End-of-Privacy-Your-Facebook-cnnm-3227174422.html?x=0
We discussed in class about facebook owning everything that is posted on the site. Facebook also aggressively advertises to it's uses. The companies that target the users and have access to information such as workplace, location and birthday. Potential employers also have access to the users information, and could refuse to employee certain applicants based on their facebook information. The facebook users are also vulnerable to virus attacks. Which could potentially damage their reputations even further. Facebook owns a lot of information.
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