Facebook perspective

Here are a few sensible pieces on the whole Facebook privacy brouhaha.

The thing is, Facebook needs to generate some revenue from its user’s data soon. It seems that advertisers may be reconsidering their spend on Facebook, since by all accounts the conversion rates are quite poor. Walled gardens don’t last indefinitely.

Nobody saw this coming

http://www.youtube.com/v/vc8ykHoBXmQ&hl=en_GB&fs=1&

Why do I not believe him?

He already postures as if he has Plausible Ignorance on his side. “very well capitalised”. He says that the Irish banking system doesn’t have exposure to subprime “US sector”. Da fundamentals are strong, no explanation of what these fundamentals might be. “Irish economy is greatly diversified”, yet again, say wha?

The “banking system has been a big beneficiary of that growth”. Repugnant and revealing.