Friday, September 28, 2007

Facebook faces the Legalbook ahead

Yet another sign that the Facebook is on a bend. The social networking site faces potentially huge and expensive legal battles with various government authorities over allegations of harboring sexual predators, same charges that Myspace faced earlier.

The New York Attorney General’s office has reportedly found objectionable pictures and assorted media on Facebook.

Om Malik says that today it is New York; tomorrow it may be any number of U.S. states.

So, may be it is true that Facebook is desperate for money to be able to pay the lawyers. In Om’s words, 'Facebook needs a sugar daddy' - Myspace has News Corp to fall back upon, Facebook needs more moolah from Microsoft, which has been subsidizing it so far.

With this cash infusion, hopefully, Mark Z. and company will be able to use the hyped Facebook Developer Platform for something really useful for a change, and convince developers to think up innovative ways to moderate and filter Facebook as un-obstructively as possible, in return getting share of the juicy Microsoft handout.

All this is fine and dandy, but how will this site make money?

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