Facebook looks to cash in on user data

Profiles, status updates and messages all include a mother lode of voluntarily provided information. The social media site is using it to help advertisers find exactly who they want to reach. Privacy watchdogs are aghast.Julee Morrison has been obsessed with Bon Jovi since she was a teenager.So when paid ads for fan sites started popping up on the 41-year-old Salt Lake City blogger’s Facebook page, she was thrilled. She described herself as a “clicking fool,” perusing videos and photos of the New Jersey rockers.Then it dawned on Morrison why all those Bon Jovi ads appeared every time she logged on to the social networking site.
http://www.latimes.com/business/la-fi-facebook-ads-20110417,0,1887797.story

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