The Facebook IPO in memes

May 16th, 2012

In honor of the decade’s biggest IPO, we present:  the Facebook IPO in meme form.  If you have no idea what a meme is, check out Know Your Meme.  However, lolcats are memes, and if you’ve spent at least an hour on the Internet, then you’ve encountered a lolcat.  There’s just no getting around it.

Feel free to distribute these however you want.  And remember:  just because Facebook’s going public doesn’t mean you have to.  Try our Facebook Val-You calculator to see how much money you’re worth to Facebook in a given year.  Check out PrivacyWatch, an email alert system that tell you when Facebook changes its privacy policies and gives you exclusive, step-by-step instructions from our experts on what you should do to protect your personal information.  You can also find our list of the top 7 Facebook privacy settings you need to make, and follow our blog for Facebook privacy news and tips.

Annoying Facebook girl

Boromir

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3 privacy predictions for the Facebook IPO

May 16th, 2012

For Winterfell.

Facebook is expected to have its Initial Public Offering (IPO) this Friday, May 18th, and everyone’s wondering what a post-IPO Facebook will be like.

Quick background:  an IPO (or “going public,” as it’s commonly called) means that shares in the Facebook company will be sold on the Nasdaq Stock Market.  For most regular people, this sale won’t mean a thing:  only wealthy investors will have a chance to buy in. Facebook is rumored to set its valuation at $90-95 billion, or about $28-$35 per share.

After the IPO, Facebook will have to take its shareholders’ wishes into consideration, and it will be under pressure to meet revenue and profitability goals.  Some analysts say that Facebook will have to increase revenues by 41% over the next 5 years to meet its high valuation.

How might Facebook increase advertising revenue?  In two broad ways:  (1), get more members, perhaps by expanding their user base into new countries and appealing to a broader age range; and (2), find new and more effective ways of making money off current users.  We have some specific predictions on how Facebook will seek to do this. Read the rest of this entry »

Facebook’s going public, but you don’t have to. #GoPrivate with Abine.

May 14th, 2012

Facebook is expected to have its Initial Public Offering (IPO) this Friday, May 18th, and we’ll have IPO-related posts, events, charitable drives, and promotions all week.  First order of business:  if you’re a Facebook user, what might the IPO mean for you?

Facebook is rumored to go public on May 18th.

First of all, an IPO (or “going public,” as it’s commonly called) simply means that shares in the Facebook company will be sold on the Nasdaq Stock Market.  For most regular people, this sale won’t mean a thing:  only wealthy investors will have a chance to buy in. Facebook is rumored to set its valuation at $90-95 billion, or about $28-$35 per share.

After the IPO, Facebook will have to take its shareholders’ wishes into consideration when making business decisions, and it will be under pressure to meet revenue and profitability goals.  Some analysts say that Facebook will have to increase revenues by 41% over the next 5 years to meet its high valuation.

If you’re on Facebook, you’re not the customer:  you’re the product.

85% of Facebook’s revenues in 2011 came from advertising.  Their  valuation depends on their advertising revenue, and their advertising revenue depends on their ability to collect even more personal information from users.

Facebook isn’t free:  you pay for it with your data. Read the rest of this entry »

Be part of the world’s easiest flash mob on May 15th

May 10th, 2012

Ever seen a flash mob?  A huge group of people does something in unison in public, from coordinated dances to Michael Jackson’s “Thriller” to freezing in place in the middle of Grand Central station. They’re offbeat and fun and kind of ridiculous.

Well, here’s your chance to be part of a flash mob that doesn’t require weeks of preparation:  a super-long conga line.  If you can handle walking in a line and following the person in front of you, then you’re already prepared!  And the best part is that it’s for a good cause:  privacy awareness and the National Network to End Domestic Violence (NNEDV).  You’ll find event details below.

Conga lines: they're like a larger-scale version of follow the leader. Also, we eat a lot of gummy bears around the office.

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Why DeleteMe is a subscription service and not a 1-time thing

May 4th, 2012

We get a lot of questions from customers about why DeleteMe is a subscription and not a 1-time sweep of deletions.  The reason is quite simple: your personal information often repopulates once we remove it.  A simple way of thinking about it is that your DeleteMe operator removes your record, but new information is generated about you as you continue to use the web, which can ultimately regenerate your profile in people search databases.  By offering DeleteMe as a subscription, we are able to make sure your information is gone and stays gone.

The FTC has said they’re cracking down on people search companies to stop this practice and we reported one company, BeenVerified, to the FTC for for claiming that it had removed customer listings, but we found them to be continually re-posting them.

Here’s a real-life example of one of our customer’s information being re-posted.

One of our DeleteMe experts, Maggie, took this photo on December 19th, 2011 after finding a customer’s information on BeenVerified.com:

We found our customer's name, aliases, age, current and past addresses, and list of family members.

She emailed BeenVerified a removal request.

In this specific case, there was some difficulty getting BeenVerified to remove the record:  it took more than two months, but it was finally taken down on February 22, 2012.  In BeenVerified’s response email, they state “[t]his information will no longer appear in the results when a search is run on [the customer's name].”

But 2 months later, both Maggie and our customer found the information back up on BeenVerified.  She took the following screenshot on April 23rd, 2012:

There he is again.

Maggie then emailed BeenVerified about it…again.  You can see BeenVerified’s explanation of how repopulated listings happen in their email below:

Maggie's opt-out email is below; BeenVerified's response is above.

But despite BeenVerified’s statement on April 23 that they’d remove the listings, you can see that it’s still up on their site way more than 7 days later on May 3rd:

The customer's listing is on top. As you can see from the top right of this screenshot, I'm Sarah. It takes a village.

BeenVerified is only 1 of 18 people search sites that DeleteMe removes our customers from. As you can see, it takes quite a bit of work and diligence to make sure your records get deleted and stay gone for good. This is just one customer’s story out of many, many more.  Gaining and keeping control over your privacy takes effort, which is why we stay at it.  And that, ladies & gentlemen, is why DeleteMe is an ongoing subscription service (or you can follow our free DIY instructions).

Stay tuned for a future post on the how and why of the challenges of removing records from some people search sites!