Facebook Frolics 0
The Register explains why, in the “social” media industry (and it is an industry, not a service), cluelessness is not a bug; it’s a feature. A snippet:
Of course not. Facebook, like its rival Google, thrives on the income of ignorance and contrition.
To prevent money laundering, financial institutions must comply with know-your-customer laws.
Facebook and Google know everything about their product – the people who use their free services – but as little as possible about everything else, because knowledge goes hand-in-hand with liability.
