Faced with a growing wave of bad press, Facebook held a companywide meeting Thursday to address a series of privacy debacles that have occurred over the past couple of months.
The "Opt-Out" Controversy
In recent months, Facebook has started requiring users who want to keep their information private to "opt out" in their privacy disclosure settings. That means the information of users who are unaware of the change or who do not properly opt out would be shared with the public. Even if a user opts out of everything, some of their information, like their hometown and where they went to college, will still be made public unless the user deletes that information from their profile altogether.
Could Facebook Fall From Grace?
All of this is quite a turnaround for a company that once was considered the golden child of social networking. It's the site where everyone has a presence: members of Congress, business executives, the famous, the not-so-famous, family members -- and sometimes even family pets.
Before the meeting started, Facebook said: "We have an open culture and it should come as no surprise that we're providing a forum for employees to ask questions on a topic that has received a lot of outside interest. We don't comment on the specifics of internal meetings."
Another topic employees may wish to delve into is whether a growing interest among users in deactivating their Facebook accounts could hurt the company's prospects for an initial public offering.