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On Mon, Jan 17, 2011 at 09:15:19AM +0000, Gordon Henderson wrote: > > It seems they're opening up the information avalable to > developers... Now a face book application can get your address and > phone number (if you allow it) > > http://url.drogon.net/j > or > > http://nakedsecurity.sophos.com/2011/01/16/rogue-facebook-apps-access-your-home-address-mobile-phone-number/ > IF facebook is worth $50bn then according to Google there are about 129 such other companies quoted on the American market. These include Barclays (Market Cap 59B) Diageo (Market Cap 48B) Boeing (Market Cap $51B) Nokia (Market Cap $41B) Google (Market Cap $200B) http://www.google.com/finance/stockscreener#c0=MarketCap&min0=40000000000&c1=PE&c2=DividendYield&c3=Price52WeekPercChange®ion=us§or=AllSectors&sort=&sortOrder= The approximate Price to Earnings Ratio of these companies varies from about 10 to 25 If I assume that Facebooks PE is 30, then that means that Facebook should be making Market Cap / 30 = $1.6bn profit a year post tax The only way it will be able to continue to do that is provide more valuable data for advertisers for them to sell products to Facebook's users. I admit that this is exactly what Google does (hence Google Aps, Gmail etc: all of which provide data for advertisers). Read http://www.google.com/privacy/privacy-policy.html http://www.facebook.com/policy.php?_fb_noscript=1. I do not see how that can be reconciled with keeping users information private. -- Henry Photocopies or faxes of my signature are not binding. This email has been signed with an electronic signature in accordance with subsection 7(3) of the Electronic Communications Act 2000. Digital Key Signature: GPG RSA 0xFB447AA1 or 0x3184D537 Mon Jan 17 10:26:00 GMT 2011
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