Shalom Life | September 05, 2015

Mark Zuckerberg Cleverly Resolves Facebook’s Privacy Concerns

Facebook Goes Public on Friday Morning with new Solutions to Privacy Issues

By: Daniel Horowitz

Published: May 18th, 2012 in Culture » Society » News

Mark Zuckerberg Cleverly Resolves Facebook’s Privacy Concerns

Wearing his signature hooded sweatshirt that his detractors say are emblematic of Facebook Founder & CEO Mark Zuckerberg’s less than savvy business practices, the 28-year-old wunderkind rang the bell via video from Facebook’s California headquarters, ushering in the opening of business at the NASDAQ in New York this morning.

Facebook shares, trading under the initials “FB”, opened at $42.05, an 11% increase from the company’s $38 IPO price.

Zuckerberg raised $1.1 billion in the offering and holds a remaining stake worth around $19.1 billion. With a market value of $104 billion, Facebook is now among the most valuable US companies, ahead of sector giants Amazon ($98 billion) and Cisco ($89 billion), and more than twice the value of Ford Motor Co. ($38 billion), but still remains behind Google ($203 billion) and Apple ($495 billion).

Still, despite its successes, one of the biggest criticisms of Facebook – other than Zuckerberg’s refusal to apparently wear nothing more than a Speedo to board meetings and assless chaps when meeting with potential Wall Street investors, is the company’s method – or lack of - dealing with its customers’ privacy.

Private information is being bought and sold, and Facebook’s more than 900 million customers are having a time with such a breach. And, with today’s bell-ringing, many consumer advocates say Facebook - as a publicly traded company –needs to make some significant changes.

In an attempt to ensure all users security and privacy is 100 percent guaranteed, Zuckerberg has promised that, with his new profits, he will personally Photoshop every picture posted by those 900 million customers in an “anonymous” hoody, complete with a balaclava.

This Couple is Documenting their Conversion to Judaism on Instagram This Couple is Documenting their Conversion to Judaism on Instagram TrendingShalom Life is Saying Goodbye Shalom Life is Saying Goodbye TrendingShaw Festival Review: The Intelligent Homosexual's Guide... Shaw Festival Review: The Intelligent Homosexual's Guide... Trending
 

This Couple is Documenting their Conversion to Judaism on Instagram

August 27, 2015 | By Sy Berg
This Couple is Documenting their Conversion to Judaism on Instagram

2HipJews are putting the 'modern' back into modern Orthodox

Read More

Shalom Life is Saying Goodbye

August 27, 2015 | By Shalom Life Staff
Shalom Life is Saying Goodbye

After nearly 7 years, we are sadly ending Shalom Life's run.

Read More

Shaw Festival Review: The Intelligent Homosexual's Guide...

August 26, 2015 | By Hermine Steinberg
Shaw Festival Review: The Intelligent Homosexual's Guide...

Tony Kushner's family drama challenges it's audiences on so many levels, it leaves you breathless and beaten. It is awesome; astounding, humbling, overwhelming and remarkable.

Read More

Shaw Festival Review- The Divine: A Play for Sarah Berhnardt

August 23, 2015 | By Hermine Steinberg
Shaw Festival Review- The Divine: A Play for Sarah Berhnardt

This powerful play based on a true story is an absolute must-see this summer.

Read More

Top 10 Most Influential LGBT Jews

August 14, 2015 | By Ashley Baylen
Top 10 Most Influential LGBT Jews

These 10 LGBT celebrities are an inspiration to us all.

Read More

Crossfit “Guru” Does Handstand at Holocaust Memorial

August 14, 2015 | By Daina Goldfinger
Crossfit “Guru” Does Handstand at Holocaust Memorial

Dave Driskell apologized Monday evening for his actions

Read More

There’s a Jewish Rapper with a #1 Hit Record, and His Name’s Not Drake

August 14, 2015 | By B. Shane Morganstein
There’s a Jewish Rapper with a #1 Hit Record, and His Name’s Not Drake

Lil Dicky's 'Professional Rapper' sells 22,000 copies in its first week

Read More

Ben Gurion Airport Breaks All-Time Travel Records

August 14, 2015 | By B. Shane Morganstein
Ben Gurion Airport Breaks All-Time Travel Records

Reports indicate that some 78,000 travelers passed through the Israeli airport in a single day

Read More

More Headlines