In response to employers demanding employees force over their Facebook passwords, Facebook has decided to fight back. But of course they are Facebook. And unsurprisingly, they are fighting back in their typical screw-you-I’m-Facebook style response.
They released a rather fiery indictment of the workplace practice, saying that it violates not only privacy rights but also Facebook’s own constitution of guidelines—you are not allowed to share or solicit Facebook passwords. They even went so far as to call it criminal, saying companies forcing employees or potential employees to pass over information is a violation. “As a user, you shouldn’t be forced to share your private information and communications just to get a job,” Facebook said in its post.
The end of last week seemed pretty worthy for Facebook, as it raised a whopping amount of $1.5 Billion on Friday taking its financial valuation to a net worth of $50 Billion. This should definitely make Mark Zuckerberg smile ear-to-ear as his baby project, Facebook has grown to become the third largest online service in terms of financial worth. Google leads the charts with Amazon.com at second position in this list.
Facebook has over-taken Yahoo! and eBay in financial standings. All thanks to the recent investment deals Facebook had with non-US investors through Goldmans Sachs which was worth $1 Billion. In addition to this Russia’s Digital Sky Technologies had also invested half a billion dollars in Facebook during the month of December.