Facebook earn money by giving up your info to marketing companies
By kingparker
@kingparker (9673)
United States
May 23, 2010 2:41pm CST
I guess majority of us have an account with facebook, but what I found from the recent news really shocked me. The fact is that facebook made money by selling our registered info to the marketing companies, so they can target us on advertising or all sort of things. It is based on the wall street journal investigations. Although you don't have to sign up with your real information on those social network, such as your address, where you actually live, or your real name etc...... They are breaking the privacy rule specified in their Terms. So, what is your opinion toward facebook with such action?
1 person likes this
10 responses
@warmweatherwoman (2233)
• Atlantic City, New Jersey
23 May 10
I'm not surprised at all. Facebook with all it's changes has become more and more of a privacy risk. I wonder if this has to do with the recent posts by my friends now stating to again change privacy settings on facebook due to facebook allowing other sites to use our information as well.
I'm pretty sure they are banking big bucks with all the registered user information they collect! Although its probably great for marketing...I don't appreciate being tricked into being solicited to buy things I don't want or need!
@Jaluke (676)
• United States
23 May 10
This is fact and I'm actually mad at facebook for it. The way they're getting through with the "breaking the privacy rule" is that once they started doing this, they added a section in your privacy settings to turn it off...but they did it by automatically setting it to on and not really telling any of the users that it was being added to let them know they need to turn it off if they didn't want it. I'm quite mad about it.
1 person likes this
I started hearing all of the news about facebook for months now. and it kinda makes you think about any of these social sites and what are they up to.
@niara25 (147)
• United States
24 May 10
Really, I would have thought that you would have known that. Banks, credit card companies, utility companies, stores you have loyalty card for, etc. ALL of them sell your information and share it with their affiliates. It's perfectly legal for them to do so. That's how you get junk mail at home and marketing emails. It's all about the money and companies will do anything to earn it, they're just shy about paying it out though.
@metalljunky (35)
• Germany
24 May 10
well the point is, what else should they do to get their money ? such a big website is expencive, too, and u should know that almost everything in the internet is just commercial^^
@blue65packer (11826)
• United States
24 May 10
I was anry and shocked when I heard this! Nothing is private anymore! Everyone is out to screw everyone else! I thought FAcebook was better then Myspace! Not! They did the same thing! I will stay on Facebook but Facebook better clean ita act up! Is there any social site that won't sell our privacy?
@AjaySinghBaghel (5506)
• India
23 May 10
This is bad, they are making money out of our personal details. There has to be some way to stop them doing so. I think if this is authentic and we get some proof, we can take them to the court.
@avilovesnature (144)
• India
23 May 10
Is it true aur just your interpretation as u are charging a company having a value of 15 billion.
