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NO thanks, Facebook, I don't want to join

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Author Topic: NO thanks, Facebook, I don't want to join  (Read 4652 times)
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Magoo
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« Reply #50 on: December 06, 2011, 11:39:18 am »

At least of Facebook you can set your page to private so that only your friends/family can see the page or photos.     There are a lot though who have everything set to public.   Not a good choice in my opinion.   
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« Reply #51 on: January 13, 2012, 03:27:04 pm »


Facebook hacked by Ramnit worm
LAURA WESTBROOK Last updated 18:25 11/01/2012

More than 45,000 Facebook accounts have been hacked using the Ramnit worm, a computer security firm says.

Israeli firm Seculert said in a blog post it had discovered that the worm had been used to steal names and passwords from the accounts, which were held by people mostly from Britain and France.

"We suspect that the attackers behind Ramnit are using the stolen credentials to log-in to victims' Facebook accounts and to transmit malicious links to their friends, thereby magnifying the malware's spread even further."

By clicking on links Facebook users are directed to infected websites, which download the worm into their computers, turning them into another victim.

A "worm" is distinct from a computer virus in that it can replicate itself without needing to attach itself to an existing programme. This ability means worms can spread very rapidly online.

The personal information stolen from compromised Facebook accounts is potentially valuable to cyber criminals who could trade it on online black markets. Anyone who uses the same password over several web services, such as email accounts, risks having information taken from them.

Seculert said more than 800,000 machines were infected with Ramnit since September, though not all had been hit by the Facebook attack.

Facebook said it had studied the 45,000 stolen login details and concluded "while the majority of the information was out-of-date, we have initiated remedial steps for all affected users to ensure the security of their accounts.

"Thus far, we have not seen the virus propagating on Facebook itself, but have begun working with our external partners to add protections to our anti-virus systems to help users secure their devices."

The Ramnit worm has been around since at least April 2010 and was reportedly discovered in Seculert's logs.

Ad Feedback - © Fairfax

http://www.stuff.co.nz/technology/digital-living/6242395/Facebook-hacked-by-Ramnit-worm

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« Reply #52 on: February 14, 2012, 06:40:23 am »

bright idea!

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« Reply #53 on: February 15, 2012, 11:41:14 am »


Men are good at sorting out problems  Grin
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Are you sick of the bullshit from the sewer stream media spewed out from the usual Ken and Barby dickless talking point look a likes.

If you want to know what's going on in the real world...
And the many things that will personally effect you.
Go to
http://www.infowars.com/

AND WAKE THE F_ _K UP
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« Reply #54 on: March 14, 2012, 04:53:04 am »





 March 12, 2012, 4:48 pmLegal/Regulatory

As It Warned, Yahoo Sues Facebook Over Patents
 
By MICHAEL J. DE LA MERCED

Yahoo stepped up its new feud with Facebook on Monday, suing the social-networking giant and accusing it of infringing on 10 patents tied to an array of Web technologies.

According to the lawsuit, filed in Federal District Court in San Jose, Calif., Yahoo contended that Facebook had knowingly and improperly violated some of the company’s core intellectual properties. The patents, which were issued from 1999 to 2010, cover advertising, privacy, customization, social networking and messaging.

Last month, Yahoo warned Facebook that it may file suit over the patents.


Patent fights are nothing new in Silicon Valley, with the realm of smartphones having become the most visible backdrop for such battles. Google paid $12.5 billion for Motorola Mobility last year largely to get access to the phone maker’s intellectual property.

But the social-networking world has largely been spared such fights, at least until now.

In its complaint, Yahoo seeks to use even the words of Facebook cofounder Mark Zuckerberg against his company. It argues that Mr. Zuckerberg has conceded that Facebook isn’t novel, but rather built on predecessors’ innovations.

From the complaint:


He has stated, “The thing that’s been really surprising about the evolution of Facebook is — I think then and I think now — that if we didn’t do this someone else would have done it.” In Mr. Zuckerberg’s view, “Getting there first is not what it’s all about.”

Yahoo’s fight comes amid a difficult time for the Web pioneer, which appointed a new chief executive only two months ago. The company has been beset on a number of fronts, including struggles to improve its advertising revenue and to beat back competition from the likes of Google and, yes, Facebook.

Yahoo has shared a number of important business bonds with Facebook, including by integrating the social network’s popular news activity feature, into its own sites. The net effect had been to bolster Yahoo’s traffic from Facebook users by about 300 percent from September to December alone, Yahoo has said previously.

Yet such ties are likely to fray in a prolonged court battle. Yahoo appears to be aiming at Facebook at a particularly delicate point, given that its upstart rival is seeking to go public in one of the most anticipated stock sales of the last decade.

“Yahoo has invested substantial resources in research and development through the years, which has resulted in numerous patented inventions of technology that other companies have licensed,” a Yahoo spokesman said in a statement. “Unfortunately, the matter with Facebook remains unresolved and we are compelled to seek redress in federal court. We are confident that we will prevail.”

Yahoo is seeking an unspecified amount of damages, and further requests that any such amount be tripled “in view of the willful and deliberate nature of the infringement.”

A Facebook spokesman said in a statement: “We’re disappointed that Yahoo, a longtime business partner of Facebook and a company that has substantially benefited from its association with Facebook, has decided to resort to litigation. Once again, we learned of Yahoo’s decision simultaneously with the media. We will defend ourselves vigorously against these puzzling actions.”

Here are the specific patents Yahoo has accused Facebook of infringing upon:

Social-networking
•’648 patent, “World modeling using a relationship network with communication channels to entities.” Granted 2010.

Customization
•’509 patent, “Online playback system with community bias. Granted 2008.
•’227 patent, “Dynamic page generator. Granted 1999.

Privacy
•’590 patent, “Method and system for customizing views of information associated with a social network user.” Granted 2007.
•’935 patent, “Control for enabling a user to preview display of selected content based on another user’s authorization level.” Granted 2009.

Advertising
•’566 patent, “Method and system for optmimum placement of advertisements on a webpage. Granted 2005.
•’111 patent, “Method and system for optimum placement of advertisements on a webpage.” Granted 2006.
•’599 patent, “Method and system for optimum placement of advertisements on a webpage.” Granted 2008.
•’861 patent, “System and method to determine the validity of an interaction on a network.” Granted 2010.

Messaging
•’501 patent, “System and method for instant messaging using an e-mail protocol.” Granted 2008.



http://dealbook.nytimes.com/2012/03/12/yahoo-sues-facebook-over-patents/
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« Reply #55 on: March 21, 2012, 12:39:34 pm »

Employers ask job seekers for Facebook passwords
Last updated 10:50 21/03/2012

 
 When Justin Bassett interviewed for a new job, he expected the usual questions about experience and references. So he was astonished when the interviewer asked for something else: his Facebook username and password.


Bassett, a New York City statistician, had just finished answering a few character questions when the interviewer turned to her computer to search for his Facebook page. But she couldn't see his private profile. She turned back and asked him to hand over his login information.

Bassett refused and withdrew his application, saying he didn't want to work for a company that would seek such personal information.

 

But as the job market steadily improves, other job candidates are confronting the same question from prospective employers, and some of them cannot afford to say no.

In their efforts to vet applicants, some US companies and government agencies are going beyond merely glancing at a person's social networking profiles, and instead asking to log in as the user to have a look around.

"It's akin to requiring someone's house keys," said Orin Kerr, a George Washington University law professor and former federal prosecutor who calls it "an egregious privacy violation."

Questions have been raised about the legality of the practice, which is also the focus of proposed legislation in Illinois and Maryland that would forbid public agencies from asking for access to social networks.

Since the rise of social networking, it has become common for managers to review publicly available Facebook profiles, Twitter accounts and other sites to learn more about job candidates.

But many users, especially on Facebook, have their profiles set to private, making them available only to selected people or certain networks.

Companies that don't ask for passwords have taken other steps - such as asking applicants to friend human resource managers or to log in to a company computer during an interview.

Once employed, some workers have been required to sign non-disparagement agreements that ban them from talking negatively about an employer on social media.

Asking for a candidate's password is more prevalent among public agencies, especially those seeking to fill law enforcement positions such as police officers or 911 dispatchers.

Back in 2010, Robert Collins was returning to his job as a correctional officer at the Maryland Department of Public Safety and Correctional Services after taking a leave following his mother's death.

Ad Feedback  During a reinstatement interview, he was asked for his login and password, purportedly so the agency could check for any gang affiliations. He was stunned by the request but complied.

"I needed my job to feed my family. I had to," he recalled.

After the ACLU complained about the practice, the agency amended its policy, asking instead for job applicants to log in during interviews.

"To me, that's still invasive. I can appreciate the desire to learn more about the applicant, but it's still a violation of people's personal privacy," said Collins, whose case inspired Maryland's legislation.

Until last year, the city of Bozeman had a long-standing policy of asking job applicants for passwords to their email addresses, social-networking websites and other online accounts.

And since 2006, the McLean County sheriff's office has been one of several Illinois sheriff's departments that ask applicants to sign into social media sites to be screened.

Chief Deputy Rusty Thomas defended the practice, saying applicants have a right to refuse. But no one has ever done so. Thomas said that "speaks well of the people we have apply."

When asked what sort of material would jeopardise job prospects, Thomas said "it depends on the situation" but could include "inappropriate pictures or relationships with people who are underage, illegal behaviour."

In Spotsylvania County, the sheriff's department asks applicants to friend background investigators for jobs at the 911 dispatch centre and for law enforcement positions.

"In the past, we've talked to friends and neighbours, but a lot of times we found that applicants interact more through social media sites than they do with real friends," said Captain Mike Harvey. "Their virtual friends will know more about them than a person living 30 yards away from them."

Harvey said investigators look for any "derogatory" behaviour that could damage the agency's reputation.

E Chandlee Bryan, a career coach and co-author of the book The Twitter Job Search Guide, said job seekers should always be aware of what's on their social media sites and assume someone is going to look at it.

Bryan said she is troubled by companies asking for logins, but she feels it's not a violation if an employer asks to see a Facebook profile through a friend request. And she's not troubled by non-disparagement agreements.

"I think that when you work for a company, they are essentially supporting you in exchange for your work. I think if you're dissatisfied, you should go to them and not on a social media site," she said.

More companies are also using third-party applications to scour Facebook profiles, Bryan said. One app called BeKnown can sometimes access personal profiles, short of wall messages, if a job seeker allows it.

Sears is one of the companies using apps. An applicant has the option of logging into the Sears job site through Facebook by allowing a third-party application to draw information from the profile, such as friend lists.

Sears spokeswoman Kim Freely said using a Facebook profile to apply allows Sears to be updated on the applicant's work history.

The company assumes "that people keep their social profiles updated to the minute, which allows us to consider them for other jobs in the future or for ones that they may not realise are available currently," she said.

Facebook declined to comment except for issuing a brief statement declaring that the site forbids "anyone from soliciting the login information or accessing an account belonging to someone else."

Giving out Facebook login information also violates the social network's terms of service. But those terms have questionable legal weight, and experts say the legality of asking for such information remains murky.

The US Department of Justice regards it as a federal crime to enter a social networking site in violation of the terms of service, but during recent congressional testimony, the agency said such violations would not be prosecuted.

Lori Andrews, a law professor at IIT Chicago-Kent College of Law specialising in internet privacy, is concerned about the pressure placed on applicants, even if they voluntarily provide access to social sites.

"Volunteering is coercion if you need a job," Andrews said.

Twitter did not respond to repeated requests for comment.

In New York, Bassett considered himself lucky that he was able to turn down the consulting gig at a lobbying firm.

"I think asking for account login credentials is regressive," he said. "If you need to put food on the table for your three kids, you can't afford to stand up for your belief."

- AP

http://www.stuff.co.nz/technology/digital-living/6611063/Employers-ask-job-seekers-for-Facebook-passwords

Yes, I have a facebook page although I don't use it very much.
Privacy settings are there for a reason.

Would you let a potential employer go through your mail/email?


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« Reply #56 on: March 21, 2012, 05:00:32 pm »

 re mess # 55

ummmm   http://www.stuff.co.nz/technology/digital-living/6605379/Always-on-Facebook-You-might-be-a-narcissist  ?

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« Reply #57 on: March 28, 2012, 10:58:18 am »



 Roll Eyes

Woman kills herself while on Facebook

AAP
Updated March 28, 2012, 7:34 am

http://nz.news.yahoo.com/a/-/mp/13280561/woman-kills-herself-while-on-facebook/


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« Reply #58 on: March 30, 2012, 05:14:42 am »



Skate park attack: Facebook page targeted wrong man
5:52 PM Thursday Mar 29, 2012

A man who set up a Facebook page aimed at attacking the person charged with an alleged assault at an Auckland skate park at the weekend has deleted the page.

The Facebook page circulated contact details of Devonport's Art by the Sea owner, Mike Geers, who was initially believed to be involved in the assault caught on camera.
 
But Mr Geers was the wrong man. ...

http://www.nzherald.co.nz/nz/news/article.cfm?c_id=1&objectid=10795344



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« Reply #59 on: April 02, 2012, 02:09:59 pm »

...Facebook cons have found a new way to trick people through internet, as they are now hijacking the network’s live chat system to cheat users out of cash.

Experts say the scammers are getting more confident with every success, and will learn details about the person whose profile they have hacked in order to appear more persuasive.
 
A woman, Claire Spring from Hamilton recently lost 500 dollars to the ploy, after ‘her friend’ appeared on Facebook chat claiming she had been robbed in Manila, and needed funds to fly home.
 
“I believed every minute of it. I rushed around panicked to send the money and it wasn’t until my daughter came home and asked if I’d checked if it was really my friend that I began to think, but by then it was too late,” Stuff.co.nz quoted Spring, as saying. ...
 

read the rest at http://zeenews.india.com/entertainment/and-more/facebook-shams-using-friend-trick-for-women_108706.htm



and the date???  Last Updated: Sunday, April 01, 2012, 17:56

I did a wee search of the zeenews.india.com,  it shows there ... at http://zeenews.india.com/google.aspx?q=facebook chat

is it true or was it a April fool day joke
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« Reply #60 on: April 08, 2012, 12:09:52 pm »



Aussie gets the boot after slagging 'retarded' Kiwis
 
5:50 AM Saturday Apr 7, 2012



Cartoon/ Rod Emmerson
 
A high-flying Australian executive has lost his job after he called New Zealanders "retarded" and said women had "no place in business or politics".
 
Ben Polis, the 30-year-old former chief executive of EnergyWatch, made a series of comments on his Facebook page attacking Aborigines, Asians and Australia's Prime Minister Julia Gillard, who he described as a "peasant" - but New Zealanders didn't escape the lashing either.
 
"You only take them to places like Gallipoli and the world cup of cricket so you don't feel bad. Just like your retarded cousin goes to the movies," he wrote.
 
In another message he slammed the role women played in politics and in business. "Women have no place in business or politics. They shouldn't even be allowed to vote. And it's all New Zealand's fault, since 1893. Yea [sic] let's let the women cook and vote. Great idea."
 
Mr Polis has resigned as chief executive while the company battles to retain key clients who are appalled with what he has said - among them major sports teams like Melbourne Demons, Melbourne Rebels and Melbourne Victory.

"These were jokes between friends," Mr Polis said. "Have they been taken out of context? Yes. Did I say them? 100 per cent ... I'm not a racist person."
 
He said there wasn't any hatred behind them. "I'm not like a neo-Nazi is what I'm trying to say."
 
Elizabeth Bang, president of the New Zealand Council of Women, was disgusted by the remarks.
 
"I think we should be so proud that New Zealand was the first [to allow women to vote] because it wasn't easy. The poor suffragists just had to keep on going and going so they need to be admired."
 
She "absolutely" condemned the comments and welcomed the swift response by sports teams who dumped his company as a sponsor.

http://www.nzherald.co.nz/world/news/article.cfm?c_id=2&objectid=10797185


meanwhile ...


Man stood down for calling NZers 'retarded'

Newstalk ZBApril 7, 2012, 7:50 am

... The company says it's concerned about his health. ...  ?

http://nz.news.yahoo.com/a/-/top-stories/13366153/man-stood-down-for-calling-nzers-retarded/

POLL:

http://nz.news.yahoo.com/cloud/polls/popup/0956c681-349e-3d18-b37c-e7ec48ff5235/

I have neither read the results nor recorded a vote. Who's winning? 
   
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« Reply #61 on: April 08, 2012, 01:12:33 pm »

Should people be held responsible for their Facebook comments?

    Yes - There's no excuse for bad comments (8210)74%
    No - It should be treated as a private space (1284)12%
    It depends on the comments (1394)13%
    Not sure (72)1%
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[W]hat the internet and its cult of anonymity do is to provide a blanket sort of immunity for anybody who wants to say anything about anybody else, and it would be difficult in this sense to think of a more morally deformed exploitation of the concept of free speech.
- Richard Bernstein in the New York Times
Magoo
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« Reply #62 on: April 08, 2012, 03:07:16 pm »

I think there are still a lot of people who should not be allowed to use the internet.  Grin   They just don't 'get it'.
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« Reply #63 on: April 08, 2012, 03:25:29 pm »

I think there are still a lot of people who should not be allowed to use the internet.  Grin   They just don't 'get it'.

Or they "LOSE" it,  like the former high-flying Australian CEO!

                                                                 Roll Eyes    Shocked   Undecided
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Magoo
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« Reply #64 on: April 08, 2012, 03:48:32 pm »

Exactly Nitz.      Even some of the people I know have put some outrageous stuff on Facebook about themselves.   It probably has more coverage than the daily newspaper.  Roll Eyes
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« Reply #65 on: April 12, 2012, 12:21:11 pm »


FACEBOOK

(click on the cartoon to open the Los Angeles Times columnists' commentary)
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« Reply #66 on: April 12, 2012, 12:28:05 pm »


BTW....about Facebook.

I joined Facebook a few years ago, then did absolutely nothing more. I didn't even create a detailed profile.

Last year (in about September), after numerous emails from Facebook, I logged in again and approved the pending Friends in the HUGE list pending who I actually knew, and ignored the rest. I still didn't create a detailed profile.

Since then....nothing....I haven't been back.

So anyone hoping to get any juicy stuff from my Facebook page will find absolutely nothing....zero....zilch!!

BTW.....I also have a Google+ page, but I've never been back since setting it up — I was “invited” to join while it was still a beta concept long before it was opened to the public; possibly because I was one of the evaluators of Gmail when that was first created in beta form.

I guess that means that although I join social media, I don't really do social media, apart from messageboard forums.
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« Reply #67 on: April 13, 2012, 11:16:16 am »



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« Reply #68 on: April 19, 2012, 09:08:33 am »




Background
http://www.tunneltalk.com/New-Zealand-Nov11-National-park-road-route-gains-momentum.php

1000 sign tunnel petition

Home » News » Queenstown Lakes

By Tracey Roxburgh on Thu, 19 Apr 2012
Your Town: Glenorchy 
News: Queenstown Lakes | DOC

An online petition started by a Glenorchy woman opposed to the Department of Conservation granting a concession to Milford Dart Ltd for its $150 million, 11.3km tunnel, has more than 1000 signatures - just two days after it was started.
Patricia Jantien Ko launched the "Department of Conservation, New Zealand: decline permission to Milford Dart Ltd to construct the Dart Passage Tunnel" petition on Monday, which said if Doc granted the concession to the company, Tourism New Zealand's slogan of "100% Pure" would become "a worldwide lie".

"The proposed plan violates the National Park Policy of New Zealand saying that no new roads will be built in National Parks," the summary on the petition page said.

"The World Heritage status of this region will be in jeopardy, as a commercial construction will violate the preservation and protection of special places for the benefit of all.

"It will result in the loss of many nature-caring, discerning international travellers and New Zealanders normally visiting this region," it said.

Mrs Ko said on Tuesday the idea stemmed from a conversation she had had with Doc hearings panel chairman Paul Green and assistant Chris Visser, during the submissions hearing in Queenstown last month.

When asked what she believed tourists wanted, she thought it best if Doc actually asked tourists.

"I thought it would be really good for Doc to find out what potential visitors to this region want. It's about creating a tourist facility, but no-one has actually talked to the tourists."

Further, there were many domestic tourists who did not get an opportunity to speak to their submissions, without travelling to Queenstown or Te Anau to do so and, in some cases, the "time-costly" nature of the submission process put people off, she said.

"I wanted to give them the opportunity to have a say."

The petition had been supported by many overseas residents, including people from Spain, Australia, the United States, Canada, the United Kingdom, Poland and Holland.

The petition will stay open for about a week, at which point Mrs Ko hopes to take it to the Doc decision maker, likely to be deputy director Sue Tucker, for consideration.

Doc media adviser Reuben Williams, of Wellington, said on Tuesday that because the formal submission process had closed, the petition would not be counted as submissions.

However, "it doesn't mean it can't be taken into account", particularly because of it being a petition.

MDL will present its response to the hearings panel tomorrow in Queenstown, following two weeks of hearings split between Queenstown and Te Anau last month.

- tracey.roxburgh@odt.co.nz

http://www.odt.co.nz/your-town/glenorchy/205974/1000-sign-tunnel-petition


How Facebook rules the world?  Roll Eyes

I have had a a look through the reasons signatories are giving for their support of the petition, seems to me they illustrate a predictable kneejerk reaction against "progress" and very little else.

If I were to sign anything at all about the project, it would be a demand for disclosure of information regarding disposal of the spoil,  whether there is a plan to recover valuable alluvial deposits discovered during the excavation, whether the tunnel would be completed if there were to be a significant discovery, and what will happen to the project if it fails before completion


Signatures 1,892 out of 2,250 as at 7:30am 19/04/2012
Signatures 1,898 out of 2,250  "  "    8:00am
 
Signatures 1,911 out of 2,250  "  "     8:23am

PS:  you certainly wouldn't catch me even in the specially designed purpose-built bus in a 11.3km tunnel through earthquake country; the Homer tunnel and the Manapouri Powerhouse tour are bad enough. 

on second thoughts -- maybe the tunnel could be marketed as yet another adrenaline producing "Adventure Tour"?



PPS: Signatures  1,931 out of 2,250 @9:08am
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« Reply #69 on: May 20, 2012, 02:26:14 pm »

 Shocked
It's uncomplicated: Facebook's Mark Zuckerberg marries sweetheart
From: AP
May 20, 2012
11:38AM

http://www.news.com.au/technology/its-uncomplicated-facebooks-mark-zuckerberg-marries-sweetheart/story-e6frfro0-1226361328657

Who's Mark Zuckerberg?
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« Reply #70 on: May 24, 2012, 06:39:06 am »

 Grin Lol





How Facebook could destroy the U.S. economy
Paul B. Farrell
Commentary: Too-big-to-fail mentality replays the dot-com bubble
May 22, 2012|Paul B. Farrell, MarketWatchSAN LUIS

OBISPO, Calif. (MarketWatch) — Facebook just joined a “troubled club,” warns the Economist. Now it’s just another “endangered public company.”

Yes, endangered. The number of public companies has declined 37% since 1997. The number of IPOs has dropped from 311 annually before 2000 to 99 in the past decade. Meanwhile, the smart CEOs and the Super Rich are “going private,” to avoid government red tape restricting capitalism.

Over at BusinessWeek they’re warning investors that the growing number of “cutesy mascots” is a dangerous reminder “of the dot-com boom’s irrational exuberance.” They’re also red flagging new reports that “more Chinese investors are betting on U.S. start-ups.” And feeding the flames.

What’s going on? Facebook’s in trouble, that’s what. Now in the crosshairs of public scrutiny, everybody’s taking potshots. And the warnings are just beginning:

Everything from Facebook (US:FB) being “too big to fail or succeed” to a Chicago attorney warning that the stock could “crater” if Facebook can’t grow revenues 41% annually for five years to “sustain its value” to a warning that Facebook’s one of the “black swans” that could eventually bring down the global economy.

Let’s begin, shining the bright light of behavioral science and psychology on what’s going on:
Facebook’s billion ‘friends’ in denial — 1999 deja vu

Behavioral economics is the new “psychology of denial.” Yes, it’s like falling in love. You can’t hear, can’t see the warning signs. Till after. After months of hype building up to this IPO, you’re convinced Facebook is your soul mate, that not getting shares in that IPO would leave you devastated, rejected by your true love. And nothing anyone says about the risks will change your mind. That’s the “psychology of denial.”

There are four main reasons for this pervasive psychology of denial among Main Street’s 95 million investors: First, investors hate admitting we’re irrational and ill-informed, so they cling to the fiction they’re rational. Second, optimism is the investor’s worst nightmare, but Americans still act optimistic no matter the odds. Third, Wall Street loves investors who are irrational, uninformed and optimistic; they’re easy to manipulate. Fourth, American investors are by nature trusting folks who want to believe Wall Street’s telling the truth, even though most of the time that’s not the case.

The Facebook mystique is so powerful today that in our minds Facebook truly is too big to fail. Facebook will never fail. Facebook will just keep growing indefinitely at rates that would remind us of the old dot-com mindset of 1999. Hail, Facebook — you are too big to fail, and nothing will change our minds.

And, paradoxically, that’s exactly why Facebook is the ultimate economy killer.

http://articles.marketwatch.com/2012-05-22/commentary/31802268_1_facebook-global-economy-black-swans
« Last Edit: May 24, 2012, 07:28:23 am by Im2Sexy4MyPants » Report Spam   Logged

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If you want to know what's going on in the real world...
And the many things that will personally effect you.
Go to
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AND WAKE THE F_ _K UP
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« Reply #71 on: May 24, 2012, 11:55:47 am »


Investor blame-game after Facebook fall
 
5:30 AM Thursday May 24, 2012
http://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=10807911

Facebook, Morgan Stanley face shareholder lawsuit over IPO

Read more:
http://www.nypost.com/p/news/business/facebook_morgan_stanley_face_shareholder_Z75zAuCpG36SUd1eaU5cDI

FACEBOOK IS "GETTING WORSE, NOT BETTER" -- It's Not Just GM That Thinks Facebook Ads Don't Work
On the eve of the Facebook IPO, the country's third-biggest advertiser, GM, announced that it was pulling its entire $10 million ad campaign from Facebook because the ads don't work. ...

 
Read more: http://www.businessinsider.com/facebook-advertiser-feedback-2012-5

The ads don't work because
  • so many use ad blockers.  
  • fewer people are getting sucked in by advertising blurb

?

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« Reply #72 on: May 24, 2012, 03:43:06 pm »


From the Los Angeles Times....

Facebook's Mark Zuckerberg faces the perils of Wall Street

By DAVID HORSEY | 5:00AM - Wednesday, May 23, 2012

FACEBOOK STOCK PRICE!

CONGRATULATIONS to Mark Zuckerberg on his surprise wedding last Saturday. I certainly hope his marriage gets off to a better start than Friday’s initial public offering of shares in his social networking colossus, Facebook.

Wall Street analysts are now saying the opening share price of $38 was too high for investors wary of buying into a business that delivers millions of messages and photos from college drinking parties but produces a comparatively modest revenue stream. As a result, at the close of trading on Tuesday, Facebook's estimated market value had dropped to $85 billion from the $104-billion value set by the IPO.

Still, Zuckerberg can lose a billion bucks on a stock deal and keep that boyish smile on his face. If I lose a few thousand from my pitiful portfolio because Greece is going rogue, I feel as if civilization is teetering near collapse.

The machinations of Wall Street always remind me of my grandfather, Andrew Herman Horsey, a working man who made a living any way he could — cop, game warden, butcher, cannery foreman — and would have lived out his old age nearly penniless if Franklin D. Roosevelt had not invented the social safety net. I have written before about how Grandpa got angry every time the stock market report appeared on TV.

"Why do they run that?" he would bellow. "It’s just for gamblers."

If he wasn’t right then, he would be right now. The reasonably predictable market that existed from Roosevelt's time up into the Clinton years, the place where you could put in a modest amount of money, as my parents did, and be pretty sure it would grow into a nice retirement fund over a couple of decades — that market is long gone.

People who were talked out of a pension and into a 401k 15 years ago have, more often than not, seen that nest egg go rotten. Wall Street has become a bigger gamble than Las Vegas, and there aren't even free drinks to soften the blow when you lose. Everybody is in the market these days, but only a few very big players actually get to play. Hedge fund managers, derivatives hawkers and slick guys in suits from banks that are too big to fail place all the bets and roll all the dice. We just stand on the sidelines watching our modest investments take a stomach-churning roller coaster ride.

I have a couple of friends who are smart and successful investment planners. Their view of our financial future? The optimistic one thinks we are heading for hard times; the other is certain we are simply doomed. I met a wild-eyed guy over in rural Montana who also expects the worst. He tried to persuade me to do what he has done, liquidate every investment and buy bars of silver. He may be right, but I’m not quite ready to throw in with the folks who keep a stack of guns and two years of freeze-dried rations tucked away in an underground bunker.

My imaginary financial plan, until last weekend, was to somehow introduce my darling daughter to Mark Zuckerberg and surf through any future economic meltdowns in the wake of my billionaire son-in-law. Now that scheme is shot.

Instead, I'll have to rely on my wits like my other grandfather, Halfdon Garfield Jaeger. During the Great Depression, he owned two general stores in northern Idaho. When his customers reached the point where they could no longer pay their bills, he found a new profession with a more reliable clientele. Grandpa became an undertaker.

Facebook may be a risky investment, but death is always a sure bet.


http://www.latimes.com/news/politics/topoftheticket/la-na-tt-mark-zuckerberg-20120522,0,3652776.story
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« Reply #73 on: May 29, 2012, 12:27:45 am »



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« Reply #74 on: May 29, 2012, 07:49:37 am »




Knifepoint robbery after Facebook cash photo
NATASHA RUDRA
Last updated 15:07 28/05/2012

 An Australian family has been robbed just hours after their daughter posted a picture of her grandmother's life savings on Facebook.

NSW Police have warned people about the dangers of using social media in the wake of the robbery on Thursday, May 24.

Police say the 17-year-old girl was in Sydney helping her elderly grandmother count her savings at about 4pm.

She took a photograph of the pile of cash and posted it on her Facebook page.

By 11.30pm that night, two men armed with a knife and a wooden club allegedly broke into the teenager's family home in Bundanoon.

Police say the men demanded to speak to the girl about the money but her mother told them her daughter no longer lived at home.

The girl's mother was at home with a young boy and a 58-year-old man.

Police say the men searched the house and made off with a small amount of cash and other property but no one was hurt during the robbery.

Officers from Goulburn Local Area Command were called out to the house on Friday morning and established a crime scene.

The men were wearing dark-coloured clothing, gloves and had their faces covered.

Police have urged people who use social media to ‘‘take extreme caution when posting photographs and personal information'' on Facebook and other websites.

 Canberra Times

http://www.stuff.co.nz/world/australia/7002189/Knifepoint-robbery-after-Facebook-cash-photo
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