Detailed text transcripts for TV channel - MSNBC - 20120215:21:58:00
Billion and lots of early executives are cashing in. but let's think for a minute. why exactly is facebook worth so much money? its current revenues of a few billion dollars don't support this valuation. but facebook owns something that can make a lot more money down the road. it owns us. i don't mean that as a metaphor. i mean the company's terms of use policy, the contract you have to click on when you sign up, gives the company legal rights to the photos, information, and data of its users. and because facebook is so popular and easy to use it is basically crowd sourced the largest, most va...