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The mighty facebook shares
- a monster bubble ?
Sean Parker and Mark Zuckerberg are surly among those chaps
who have come up with one of the best commercial concepts
in this new millennium alongside Google's Bryn & Page
who had been smart enough to acquire youtube, what is going
to be with the cream of the crop investments over the next
few years.
At the same time we see a golden facebook monster bubble
arise which is most obviously going to burst leaving millions
of investors and users in pain when they will realize, that
privacy and sensitive data of 845 million users can be a very
fragile foundation for a multi billion dollar investment.
The risk
Identity theft at facebook is not seldom at all and there
were cases in which the original owner had a hard time to
receive his account back despite the help of "real friends"
who had confirmed ownership and reported theft to facebook's
non existing support.
Of course, it is impossible to manage 845 million users and
every incident that occurs with around 200 million visits
per day.
Not to mention all the different languages and the impact
and security of every facebook app from which some have already
turned out as malicious.
All of these figures are absolutely impressive and will be
a milestone in social developments around the globe.
But at the same time "identity theft" has become
a huge industry as much as hacking and data mining so that
no one would argue, that facebook isn't meanwhile one of the
top targets in this world not only for criminal organizations,
but also for alternative hacking groups like anonymous.
All that leads directly to the question of how long the brave
facebook engineers will be able to defend user data against
some of the world's strongest hacking forces.
Already now every unresolved case of identity theft shows,
that facebook engineering and management are operating at
their capacity limits though 25% profit out of 4 $ billion
revenues should leave sufficient funds for a much better functioning
customer and response service.
Also the facebook management had not been able to progress
in the field of Internet TV so that their entire revenue stream
is fully depending on data sharing users.
Of course, everyone may imagine where facebook could end
after just one mayor leak or hack which could perhaps even
turn out as a big blow to all social networks once users will
start being aware of risks when sharing their data on timelines.
That's why indeed just one spectacular hack could finish
the entire facebook concept as long as Mark Zuckerberg and
Sean Parker won't be able to come up with a second less sensitive
leg.
Big congrats, hats off and good luck anyway!
At the Mirror UK
A
talented Graffiti artist is becoming a multi millionaire
thanks to a smart decision on one bright day when he had
accepted a share stake in the business of no one less than
facebooks's President, Sean Parker as a compensation for his
art work.
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