Question marks on Facebook's content

While the failure of Facebook's IPO has spawned a number of theories, one fact overlooked by many is the risk that users might begin to question the network's claim to full ownership of information generated by them.

The feeble showing of Facebook’s stock in the weeks since its $US16 billion  initial public offering has left people casting about for explanations. Maybe Morgan Stanley, which organised the IPO, got complacent. Maybe Facebook neglected to adapt its platform fully to the world of mobile devices. Maybe, if we are to believe the  Los Angeles Times, the company,  for all its 900 million users, is “losing its cool”. Those explanations are wrong. There may be a simpler explanation: political risk.

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