Facebook Frolics 0
Yahoo News considers how Facebook puts you on sale. Remember, users are not the customers; they are the product.
A snippet:
That may seem like a reasonable trade until we get to the IPO. “If this thing goes public at the price they’re expecting (Facebook) will get $120 per user,” Matt Nesto notes. Said another way, Facebook is going to sell you for 120 bucks. Wall Street bankers will get a cut of this figure, with Facebook getting the bulk of the money. FB users get nothing.
Via LXer.
