The Letter
To a Editor:
Facebook has stumbled out of a starting gate. Some insiders cashed out early, though a long-term investors are nervous. Can a company?s increase clear a valuation? But a Faceback charity raises bigger questions.
Written tellurian communications have mostly changed from a post bureau to a Internet, most of it flitting by Google, Facebook and Twitter. But should a world?s communications infrastructure be owned and operated by a few for-profit companies?
When Congress combined a postal complement in a 18th century, it suspicion categorically about this doubt and motionless that democracy indispensable a open noncommercial communications system. It even taboo competing private companies.
Even some-more discouraging than for-profit tenure is a structure of a Facebook business model. Facebook?s fiduciary responsibilities are to a promotion business and to a investors. The users are a apparatus to be exploited. Facebook is primed to find ways to cave a user information and communications for profit, even if this conflicts with a interests of a users.
Ironically, it?s substantially never been easier to build a nonprofit communications infrastructure. Wikipedia serves hundreds of millions of users with fewer than 100 paid employees and a business indication formed on donations. Could this indication be scaled adult for businesses a distance of Facebook and Google so we don?t need to concede privacy for profit?
If new story is any guide, a Facebook indication might good fail. So many onetime Internet darlings ? Yahoo, AOL, Netscape, Friendster, MySpace ? have unhappy long-term investors.
Article source: http://www.nytimes.com/2012/05/27/opinion/sunday/sunday-dialogue-online-profits-and-privacy.html
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