Friday, June 1, 2012

Facebook

Facebook is letting its nearly 1 billion users vote on changes to its privacy policy.
Including new sections explaining how it uses people's information and recently added features such as Timeline.
The new policy also opens up the possibility for Facebook to start showing people ads on outside websites, targeting the pitches to interests and hobbies that users express on Facebook.
The voting period starts Friday and runs through next week. 
The company had announced the changes in May, a week before its initial public offering of stock. Facebook's IPO landed with a thud, closing just 23 cents above its $38 offering price. The stock has declined another 26 %  in the two weeks since then.