Facebook's Privacy Fallout
"I don't trust FaceBook anymore," says Gustin. " I didn't join the service to participate in a massive viral marketing campaign where my private information gets displayed far and wide across the Web." Gustin quips, "You almost have to be a forensic accountant to figure out how to negotiate all the settings."
The flipside, of course, is that if Facebook hadn't changed its privacy policies, how would it develop its business and generate revenue? How would it test the limits of what users will accept and remain innovative? How would it warrant, if it eventually goes public, a valuation of $35 billion, as estimated by Private Equity Data Center at VC Experts.com?
In the short video below, Sam Gustin explains his decision to de-friend Facebook and discusses Facebook's strategy and Senior Writer Dan Burrows discusses the implications for Facebook's business -- and its lofty valuation.