Kinda long but an interesting take on your civil liberties.
The CNIL asked Google direct question about their recent changes but didn’t like the vague and incomplete responses. Google may be able to duck, dodge and drag its feet with US regulators but the Europeans are not having it. The French are not happy with Google’s lackluster response to their inquiry and may take significant action against Google. You may remember last year, when a German town completely banned Google’s “Like” feature. The EU is not shy about making drastic decision when it feels the need to do so. We’ll have to see what will happens here.
A German Data Protection Commissioner, Thilo Weichert, warned German investors that Facebook’s privacy practices violate European law and that, “Facebook’s business model will implode.” [Yikes] Strong words but even Facebook admits in its prospectus that “complex laws concerning Internet user privacy that could hurt its business.”
It’s still a good investment for the short term but serious thought should be given for a long term investment in Facebook. Diversify!