by Nine_Bows
Let’s Nationalize Facebook
Only then will the social network protect users’ rights and share valuable data with researchers.
By Philip N. Howard.
Over the last several years, Facebook has become a public good and an important social resource. But as a company, it is behaving badly, and long term, that may cost it: A spring survey found that almost half of Americans believe that Facebook will eventually fade away. Even the business side has been a bit of a disaster lately, with earnings lower than expected and the news that a significant portion of Facebook profiles are fake. If neither users nor investors can be confident in the company, it’s time we start discussing an idea that might seem crazy: nationalizing Facebook.
By “nationalizing Facebook,” I mean public ownership and at least a majority share at first. When nationalizing the company restores the public trust, that controlling interest could be reduced. There are three very good reasons for this drastic step: It could fix the company’s woeful privacy practices, allow the social network to fulfill its true potential for providing social good, and force it to put its valuable data to work on significant social problems.
http://www.slate.com/articles/technology/future_tense/2012/08/facebook_should_be_nationalized_to_protect_user_rights_.html
Comment by Less Prone on August 30, 2012 at 1:42pm 
Comment by Nathan on August 30, 2012 at 1:54pm Oh yes, and why stop with Facebook? Let's follow this logic and nationalize EVERYTHING; afterall it's for the greater good!
Comment by James Φοίνιξ on August 30, 2012 at 5:40pm I`think nationalization a real possibility, considering Soros recent investment.
Comment by Nathan on August 30, 2012 at 5:49pm Well, I couldn't care less about FB but the idea of 'nationalizing' anything is deeply disturbing. Not unforeseen mind you but, disturbing.
Comment by Sweettina2 on August 31, 2012 at 3:39pm In my efforts to wake others up I opened a facebook page, but I knew in doing so there was inherent risks. I accept that. I agree with Nathan, nationalizing anything is disturbing. It's communism, "for the great good". I hate that phrase.
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