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Old 01-17-2011, 03:13 PM
 
Location: Montana
448 posts, read 918,828 times
Reputation: 253

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I had something brought to my attention via facebook. You might wanna check this out, I have and man alive, I don't like it. go to spokeo.com and type in your name. According to snopes.com everything can be found out about you even your credit score!! go to: Spokeo | Privacy to be removed. Please pass this on
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Old 01-17-2011, 06:21 PM
 
Location: Brendansport, Sagitta IV
7,540 posts, read 12,568,785 times
Reputation: 2952
Quote:
Originally Posted by janab View Post
I had something brought to my attention via facebook. You might wanna check this out, I have and man alive, I don't like it. go to spokeo.com and type in your name. According to snopes.com everything can be found out about you even your credit score!! go to: Spokeo | Privacy to be removed. Please pass this on
One of hundreds of outfits that scrape Facebook, Twitter, etc, etc...

I immediately wonder if this spokeo is actually doing the old spammer trick of trolling for suckers to input their names, thus flagging themselves as real people -- much more salable to advertisers than mere account aggregation data.

ALL social networking sites exist for one purpose: to collect as much personal information as possible, for sale to data aggregators. YOU (as a collection of personal data) are the product they sell, much as your eyeballs are the product that TV stations sell to their advertisers.

Which is why there are so many social networking sites, blog hosts, and even more "like/share" and other aggregator and propagation tools. Lots of money to be made databasing personal information, even if it's just your basic demographics.
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Old 01-17-2011, 07:02 PM
 
Location: In The Outland
6,023 posts, read 11,868,216 times
Reputation: 3535
Default No news.

First off Facebook is nothing but a giant cirlcejerk and Reziac is right on about these sites.
About that weak site "Spokeo", I searched for our names in all forms and we are not on their radar. We don't exist to them.
I know if I wanted to snoop on someone I can do it with much more current accuracy than that weak site, by myself with what is on the internet.
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Old 01-17-2011, 07:45 PM
 
Location: Brendansport, Sagitta IV
7,540 posts, read 12,568,785 times
Reputation: 2952
Facebook and Goldman-Sachs:
BBC News - Facebook: Goldman Sachs excludes US investors from deal
There's an interesting discussion going on over at Slashdot... to peel a couple of the more succinct comments out of the mess:
What Goldman was doing was essentially illegal in the US. Facebook is a private company and without opening its books such a company can't take on more than 499 investors. To skirt this requirement Goldman was acting as a single "investor" but actually just planned to sell shares of its stake on to it's clients (with hefty commissions). This is a violation of the spirit and possibly the letter of the law, and the SEC stepped in. To take the heat off Goldman is now going to run their scam outside of the US where presumably it's legal.

And yes, this probably is a scam. There are good reasons not to allow public investment in opaque ventures whose value can't be determined, and Goldman is clearly banking on charging oversized commissions because it's selling a product you can't get anywhere else (cause it's illegal, hmm). The first investors will make loads of cash just like in any pump and dump scheme, the suckers will get rolled. The Facebook guys get to cash out, turning some of those pretend billions into real dough before the company goes Myspace. Worthwhile tech ventures will go underfunded and even larger numbers of (dumb) investors will lose confidence in the markets.
And
The US has disclosure rules that protect investors in companies that have more than 500 investors. Goldman Sachs is creating a scheme where they are the singular investor, but then other investors buy into their shares of Facebook. This prevents Facebook from having to disclose certain information that is considered critical in deciding to invest in a company or not, and allows them to sell shares without informing the public about what they're buying.

This has been on the SEC's radar as potentially totally illegal, as it pretty blatantly is designed to get around this particular rule. The rule is there to protect small investors, and help create a more fair, less manipulated playing field.

Quite frankly, whatever Facebook will become in the future, the current valuations are crazy. This is protecting US investors from taking a bath, as the rule was intended to do in the first place.
You've been warned!

Oh, and that should tell you what the market value of your personal information is... in total, about $50 billion dollars (predicted stock value; contrast to annual revenues of about $500M). So how do I cash that out?
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Old 01-17-2011, 07:48 PM
 
Location: Brendansport, Sagitta IV
7,540 posts, read 12,568,785 times
Reputation: 2952
Quote:
Originally Posted by rickers View Post
I know if I wanted to snoop on someone I can do it with much more current accuracy than that weak site, by myself with what is on the internet.
Yeah, but can you do it for such large numbers of people that it's salable as demographic info, useful to advertising companies? That's what it's really all about, not snooping on individuals. They don't care about you personally, only about what info they can peel off en masse, sort, and sell to the highest bidder.
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Old 01-17-2011, 08:15 PM
 
Location: Spots Wyoming
18,696 posts, read 36,354,563 times
Reputation: 2147483647
Quote:
Originally Posted by Reziac View Post
- snip -

Oh, and that should tell you what the market value of your personal information is... in total, about $50 billion dollars (predicted stock value; contrast to annual revenues of about $500M). So how do I cash that out?
Is that in Farmville cash?
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Old 01-18-2011, 07:00 AM
 
Location: Spots Wyoming
18,696 posts, read 36,354,563 times
Reputation: 2147483647
Well, down here South of the Border, it's 34 degrees and spitting rain. Second day in a row for rain so it's flooded the yard, corral and driveway. But the water is setting on top of hard packed snow and ice so it's slick as hell.

Coffee's on. Sorry, no bear sign this morning. Got bacon though.
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Old 01-18-2011, 08:42 AM
 
Location: Brendansport, Sagitta IV
7,540 posts, read 12,568,785 times
Reputation: 2952
Quote:
Originally Posted by ElkHunter View Post
Is that in Farmville cash?
Considering they've valued the company at 100 times its revenue, Farmville cash is probably the true currency
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Old 01-18-2011, 09:18 AM
 
276 posts, read 713,435 times
Reputation: 184
Quote:
Originally Posted by Reziac View Post
One of hundreds of outfits that scrape Facebook, Twitter, etc, etc...

I immediately wonder if this spokeo is actually doing the old spammer trick of trolling for suckers to input their names, thus flagging themselves as real people -- much more salable to advertisers than mere account aggregation data.

ALL social networking sites exist for one purpose: to collect as much personal information as possible, for sale to data aggregators. YOU (as a collection of personal data) are the product they sell, much as your eyeballs are the product that TV stations sell to their advertisers.

Which is why there are so many social networking sites, blog hosts, and even more "like/share" and other aggregator and propagation tools. Lots of money to be made databasing personal information, even if it's just your basic demographics.
Well stated, and so very true! I was on that site, but I removed my name over a year ago. I no longer felt comfortable with it.
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Old 01-18-2011, 11:26 AM
 
Location: NW Montana
6,258 posts, read 12,886,345 times
Reputation: 3429
Hey, I made this over the holidays, a sure fire winner and so easy (two requirements for me..)

Cooks.com - Recipe - Snack Mix

It seems that the oil would make it all soggy but after you let it sit a day or two and shake it four or five times you get a yummy snack. Divide it up into little bags for portion control...
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