jecasc - 6:30 am on May 18, 2012 (gmt 0)

The business model of facebook is on large parts based on breaking privacy laws. At least here in Europe. The day the authorities finally wake up and enforce the laws, Facebook will be in deep trouble. This must be the first IPO were the value of the company is based in large parts on "stolen goods" - the goods in this case being information collected by breaking laws and storing information they are not allowed to store.