Human Rights Concerns Linger as Facebook IPO Approaches

Human Rights Concerns Linger as Facebook IPO Approaches
31 January 31, 2012 – Human Rights First

Washington, DC – As Facebook prepares to launch the process for establishing its much-anticipated initial public offering (IPO) this week, Human Rights First is urging the company to make clear how it will address lingering human rights concerns to potential investors. The group is also calling on Congress to close a major loophole that permits insider trading by members of Congress – a topic that will come to the forefront as Facebook’s IPO launches.

Among the human rights concerns potential investors should consider are unanswered questions about how Facebook will approach user privacy in countries where the internet is a tool of repression rather than expression. According to Human Rights First, Facebook should explain how it would respond to government requests for user information or for censorship.

“Facebook is the industry leader in social networking. Their privacy and human rights policies will become the standard for all services. Likewise, their failure to adequately anticipate and address human rights concerns will have grave consequences,” said Human Rights First’s Meg Roggensack. “Facebook has a responsibility to future investors to answer these questions before they launch their IPO this spring.

Currently, Facebook does not explicitly lay out its strategy to protect freedom of expression and other human rights. In addition, its privacy policy varies from country to country, making it difficult for users to understand which of their personal information is private.

The Federal Trade Commission (FTC) recently reached a settlement that requires Facebook to revise its privacy policies and subject them to periodic independent review. The settlement agreement – which explicitly covers user generated registration and data posts – doesn’t clearly indicate how Facebook would handle information gathered about its users while on the site. …more