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Facebook’s Beacon and Valuing Social Networks

There has been a lot of talk lately about valuing social networks and

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How Facebook Screwed Up, and How The User Can Control Advertising

Scott Karp had an excellent article about how Facebook’s Beacon messed up and created such a reaction from Facebook users. My explanation for Facebook’s policy re Beacon is that all the press, plus a 15B valuation on a company which does not have significant cash flow will get management to adopt all kinds of dumb [...]

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