Federal Trade Commission asked to Investigate MySpace and Facebook

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Federal Trade Commission asked to Investigate MySpace and Facebook

Postby yorktown » Fri Nov 16, 2007 6:32 am

According to an Article in PC World, the Center for Digital Democracy and the U.S. Public Interest Research Group made a request to the US Federal Trade commission to investigate Facebook, MySpace and other social networking sites for their advertising policies, stating that they are not protecting consumers.

Either these two groups are looking for media attention or they really need to understand the way the business world works. There is something called \"Terms and Conditions\" which you agree to when signing up for a site. If the site is free, you betcha there will be advertising and the data will be used to try to sell you things you are interested in (ie: things you are most likely to buy).

Sometimes there is more than meets the eye. I\'ve seen cases where government sees a big company, wants cash and needs an excuse. They ask someone (off the record, of course) to write a letter. That initiates the process.

The Microsoft investment of $240 million in Facebook for a mere 1.6% ownership I am more than sure got the attention of some in government.

If this makes no sense, then read Atlas Shrugged by Ayn Rand. Then you\'ll understand how big government really works.

Marc Lesnick
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Social Networking Conference
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Joined: Sat Nov 03, 2007 4:32 am


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