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.

Sorry, the comment form is closed at this time.