Shalom Life | October 23, 2014

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.

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