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What Everyone Seems to Miss In Facebook's Private or Public Debate... - John Battelle's Searchblog
LinkFacebook is the greatest repository of data about people’s intentions, relationships, and utterances that ever has been created. Period. And a company that owns that much private data should be accountable to the public. The public should be able to review its practices, its financials, and question its intentions in a manner backed by our collective and legally codified will. That’s the point of a public company - accountability, transparency, and thorough reporting.
This is a great point in my opinion. Are there significant private companies? Sure, I spent a lot of time at CMU studying SAS — but I can’t think of any private companies that influence our life in the same way Facebook does.
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