MP for Folkestone & Hythe vs Facebook

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I've been thinking about this today:

Facebooks shady practices are becoming all too common for my liking. Or perhaps I'm getting jaded with businesses in general.
Leafing through these documents it's clear there's little concern for user privacy at any meaningful level.

I'd like to hear your latest opinions on Facebook and what social networks should be in this day and age.

Also, what is your opinion on the current government interest in Facebook and how (if at all) do you think governments with borders of jurisdiction should act in the age of the inter-connected world?

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