Friday, February 20, 2009

[News] Facebook revising its terms of use back to the old version

Understanding Facebook's terms of use:


After raising so many voices, Facebook decided to revise its terms of use back to the previous version. In my view, Facebook was trying to find a new way to create value for its compeny i.e. increase profit but failed. Facebook is making a free social network, and the major source of revenue is from advertising. It is hard to survive in the long run if it is not the top online advertising agent.

Facebook's response was very fast regarding to this issue. I hope facebook can find a way to balance its source of revenue and keeping its users happy with the actions.

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