Monday, June 25, 2012

MEDIA - Facebook and Personal Privacy

"Could Facebook Get Squashed by a 'Better Mousetrap?'" PBS Newshour 6/22/2012

Excerpt

JEFFREY BROWN (Newshour): And now to social media and personal privacy.

Facebook and other companies have been in the news recently. As analysts debate whether their profits justify their stock prices, still lingering in the background are concerns over privacy violations.

NewsHour economics correspondent Paul Solman looks at that part of the story. It's part of his ongoing reporting Making Sense of financial news.

PAUL SOLMAN: It was one of biggest initial public stock offerings history, one of the most hyped, and one of the most disappointing. After the IPO, shares of the social networking giant Facebook swooned and are still well below the initial price.

But in his new book, "Friends, Followers and the Future," filmmaker, author, and longtime media blogger Rory O'Connor argues that Facebook faces even bigger problems in the long run.

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