Facebook’s IPO–Outsourcing the push to shrink privacy

Facebook has been accused of shrinking the public’s “right to be let alone.” Soon they will be able to call on shareholders to demand that the government leave Facebook alone. If you’re a privacy advocate, this is worrying. Facebook’s IPO will increase the number of voices shouting on their side when regulators eventually threaten their pursuit of profit. Goldman may have a large stake right now, but if Goldman, Morgan Stanley, and shareholders-like-you own a piece of the pie, the desire to increase the size of the pie is spread more broadly. Facebook is our case study, but their situation […]