What's most striking is that Facebook is serving up to investors the prospect of 845 million users (read: consumers) worldwide being a captive market for businesses looking to sell them stuff.
And in a twist that would have been unimaginable before social media took the Net by storm, we've become willing partners in the devaluing of our privacy. It's not just that we no longer feel outraged by repeated incursions on our virtual personal space. We now welcome the scrutiny of strangers by freely sharing the most intimate details of our lives on Facebook, Twitter and other sites.
In 1999, Silicon Valley bigwig Scott McNealy famously declared that "you have zero privacy anyway — get over it."
For more: Facebook shows how privacy is passe - Los Angeles Times
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