Facebook is updating its data use policy in an attempt to give people more clarity on how the company uses information they share. The company also said it planned to reduce costs $550 million to $650 million by 2015 and use the savings to invest in its brands and offset higher commodities prices. During a conference call with financial analysts Tuesday, executives said the company was still on track to release. plans to notify its more than 900 million users of the changes through advertisements around the site. Although profits from a new t-t Pacific region unit, which includes China and Japan sales - a $5 billion gain for the 33 percent stake - Facebook also has given itself more leeway on how long it keeps information it collects. The new CEO, Ben Feder, said Tuesday that he and other new executives are working closely with The Coca-Cola Company, the world’s largest soft-drink maker, reported fourth-quarter profit on Tuesday,about how it collects people's data and uses it for advertising, as well as how long it keeps such information.
Explanation: The combination of companies enforcing Facebook to be even more powerful. Also the idea of whatever Facebook says goes, no users have an input on the matter. The collection of peoples data where it can be used against them.
http://news.smh.com.au/technology/new-management-takes-reins-at-beleaguered-video-game-company-taketwo-20070411-6wd.html
http://www.nytimes.com/2012/02/08/business/coca-colas-profit-beats-estimates.html?_r=1&ref=cocacolacompany
http://www.smh.com.au/technology/technology-news/facebook-updates-data-use-policy-20120512-1yj3g.html
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