Remove location from facebook app Now

According to popular science, Facebook is explicitly tracking you
http://www.popsci.com/facebook-will-know-what-stores-you-go-into (Link)

Does it really matter?  According Slashdot, through truth-out.com and to Edward Snowdon, Smartphone Users Are Paying For Their Own Surveillance

In case you were wondering, yes, Instagram is indeed owned by Facebook

Again, are we surprised?

In his (sort of) apology/explanation,  Kevin Systrom co-founder, Instagram, says: 

"Some or all of the service may be supported by advertising revenue. To help us deliver interesting paid or sponsored content or promotions, you agree that a business or other entity may pay us to display your username, likeness, photos (along with any associated metadata), and/or actions you take, in connection with paid or sponsored content or promotions, without any compensation to you"

I was going to add some commentary but Randal Munro says it way better in xkcd

Facebook selling YOU

Are we Surprised?

From the Wall Street Journal: Facebook Sells More Access to Members

Is there anything we can do about it?  Probably not.  Remember, if you're not paying anything, you're not the customer, you're the product.

 

Facebook goes public

Well it went public last Friday, and instead of a pop, it's definitely a fizzle, or a slide?  $38-$34-$31.5 - How low can it go?

What happens when they panic and start making big changes?

I think an early move is to create premier accounts with some sort of badge for pay, maybe with (tiny) extra features - that won't cause too much backlash, but if there are some swell features for pay only - well that's a trumpet of doom we hear.  blah.

Oh BTW - Of the places I hate - GRPN (11.95 EPS -.54),  ZNGA (6.80 EPS -1.22), LNKD ($101.33! EPS .15)

Linked in - Positive EPS - W00t! - Wait, What? - that's a PE of 694!  Makes Facebook's (now) 71 look positively anemic.

Update: LinkedIn steals data?  Say it ain't so (Forbes)
 
    Oh they're hacked too (Business Insider )

   Oh and June 6 - Facebook is at 26!