"Facebook exists to make the world more open and connected, and not just to build a company," Facebook founder Mark Zuckerberg writes in the letter included in the initial public offering (IPO) filings his company deposited with the Securities and Exchange Commission (SEC) yesterday. "These days I think more and more people want to use services from companies that believe in something beyond simply maximizing profits." Facebook's $5 billion IPO filing reveals much about the economics and inner workings of the company. You can read elsewhere for the specifics on that front.
Federal regulators have reached a settlement with Facebook over privacy violations—but it's just a slap on the wrist for an industry that regularly sells user data.
Washington, D.C., and Facebook Inc. took part yesterday in another round of what we might call "working on their relationship." But that we're fixated on specific privacy violations rather than the day-in-day-out use of our personal data lets us know that there's a limit to the conversation in which they're engaged.
The possible demise of the Women's Professional Soccer league leaves soccer-playing girls without a dream to aspire to — and women's soccer in the U.S. without a plan.
The future is not looking bright for Women's Professional Soccer (WPS) in the United States. The pro league has dropped down to just five teams with October's disqualification of Florida's bungled magicJack franchise (the old Washington Freedom of the WPS, and WUSA, its predecessor league). At the moment, U.S. Soccer, the sport's governing body in the U.S., is dragging its heels in granting the waiver WPS needs to operate a Division 1 league with fewer than eight teams.
