Facebook announced today that it has surpassed 500 million users, an obvious indication that the social network's growth is yet to slow. Jeremiah Owyang of Altimeter Group told CNET's Caroline McCarthy that Facebook is beginning to threaten even niche, regional social networks, and area that many had hoped would stay segregated for the sake of their communities. So, while Facebook is celebrating this milestone, one must wonder whether or not this is a good thing? Why? Because Facebook still hasn't figured out how to deal with its privacy issues to the level that many users require, nor is there yet a decent amount of clarity around terms of service and the fate of millions of users' content.
I still use Facebook. Call me a sheep, call me lazy. It's a great way to share information and keep up with friends. But I am much more careful than I ever was before in what I share and with whom I connect. With the ease of use of social networks, some people truly are putting their privacy and intellectual property worries aside for convenience. What about you? Please take the below poll.