Privacy on Facebook ? What a JOKE !
The company is being sued for $15bn – almost as much as the $16bn raised in its record breaking initial public offering – for tracking users against their wishes, even after they have logged out of their Facebook accounts.
The lawsuit, filed today in a Federal Court in San Jose, California, combines 21 separate cases across the US and could have far-reaching ramifications for the social network at a critical time.
Facebook priced its flotation at $38 a share last night, valuing the company founded by 28-year old Mark Zuckerberg at $104bn. It will begin trading at 4pm today, shortly after the opening of the Nasdaq stock exchange in New York.