I just skimmed this article, and I can understand what they’re saying, but all the while I was thinking, “Okay, but this is all made irrelevant by the single overriding and compelling argument not to join the fool thing in the first place: one glance at its founder. I would not buy a used car from that man.” I always thought the same of Richard Nixon.
[Dingleface’s] small print may be the next big thing in European antitrust as watchdogs home in on how the world’s biggest social network collects information from users that helps generate vast advertising revenues.
Germany’s Federal Cartel Office is examining whether [Dingleface] essentially takes advantage of its popularity to bully users into agreeing to terms and conditions they might not understand. The details that users provide help generate the targeted ads that make the company so rich.
In the eyes of the Cartel Office, [Dingleface] is “extorting” information from its users, said Frederik Wiemer, a lawyer at Heuking Kuehn Lueer Wojtek in Hamburg. “Whoever doesn’t agree to the data use, gets locked out of the social network community,” he said. “The fear of social isolation is exploited to get access to the complete surfing activities of users.”
[more at the link]