Facebook Has Gone Public in More Ways Than You Might Think

Facebook has just become a publicly traded company — and almost all its privacy settings are being switched to “public,” too, in a trade-off Facebook is making for access to the stock market and potential windfall profits for its biggest shareholders.

As a private company, Facebook was free to keep plenty of secrets from the general public. It could hide away, for example, how much money CEO Mark Zuckerberg took home in annual pay ($1.5 million in 2011) or the intriguing details of the Instragram acquisition — both of which have become known only from the company’s S-1 filing. Read more…

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