May 182012
 May 18, 2012  Posted by  Business, Non-U.S.

Earlier today Associated Press reported:

A German data protection official has warned Facebook investors that the social networking site’s $38 starting share price is based on practices that breach European privacy rules.

Thilo Weichert, the data protection commissioner for the northern German state of Schleswig-Holstein says shareholders should be aware that if European privacy authorities have their way, “Facebook’s business model will implode.”

Read more on Seattle Times.

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