Facebook: It's About the Money
Summary:
Facebook, a company grew up from a small network site to a $50 billion company, gets almost all the revenue from advertising. The only things Facebook has are the hundreds millions accounts. Because of the large database of customers, Facebook have so many valuable details information for advertising, which make Facebook earn a lot. Also, Facebook help people connect each other easily. However, this may not be good for Facebook user because Facebook grab users information with or without users’ allowance, and these may against users. Facebook wants users share more information so that they can earn more money from advertising. There are no laws says social networks like Facebook should show the users what do the network companies do. In Europe, the records of social networks are evidences on tax evaders and criminals. Sometimes the information will against the users, and most users don't like to change the privacy controls. The reason is that they don't figure out that their data of life details are collected and transmit rapidly, and the Facebook privacy policy is hard to understand. Facebook becomes more responsible about the data collection process. Then Facebook invites scrutiny to deal with these issues. In August 2012, Facebook was charged with cheating users that they told users they would keep their private information, but they made public. Facebook agree to ask users before they change user’s privacy preferences, and they should submit privacy audits. In American, it is hard that users get data that Facebook collect from them, but in other countries, like Australia and Ireland, the stringent law allow users access more data on Facebook. There is another database, which has more than 60 billion photos in Facebook. This also makes big benefit from advertising. In 2012, Facebook allow users control and see their actions on advertisements. By the improvement, Facebook has more categories of information, and they are able to offer highly
Facebook, a company grew up from a small network site to a $50 billion company, gets almost all the revenue from advertising. The only things Facebook has are the hundreds millions accounts. Because of the large database of customers, Facebook have so many valuable details information for advertising, which make Facebook earn a lot. Also, Facebook help people connect each other easily. However, this may not be good for Facebook user because Facebook grab users information with or without users’ allowance, and these may against users. Facebook wants users share more information so that they can earn more money from advertising. There are no laws says social networks like Facebook should show the users what do the network companies do. In Europe, the records of social networks are evidences on tax evaders and criminals. Sometimes the information will against the users, and most users don't like to change the privacy controls. The reason is that they don't figure out that their data of life details are collected and transmit rapidly, and the Facebook privacy policy is hard to understand. Facebook becomes more responsible about the data collection process. Then Facebook invites scrutiny to deal with these issues. In August 2012, Facebook was charged with cheating users that they told users they would keep their private information, but they made public. Facebook agree to ask users before they change user’s privacy preferences, and they should submit privacy audits. In American, it is hard that users get data that Facebook collect from them, but in other countries, like Australia and Ireland, the stringent law allow users access more data on Facebook. There is another database, which has more than 60 billion photos in Facebook. This also makes big benefit from advertising. In 2012, Facebook allow users control and see their actions on advertisements. By the improvement, Facebook has more categories of information, and they are able to offer highly