Facebook IPO Will Boost 1%, But the Rest of Us Won't Be Sharing
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Much has been made of the role of FB in the Arab Spring, in which the social media site offered a useful platform and tool for organizing. The impact of social media on global political change is an interesting thing to debate, and it may have real meaning for the masses. But when it comes down to business, FB just looks like another triumph of the one percent. With friends like that, who needs enemies?
Lynn Parramore is an AlterNet contributing editor. She is cofounder of Recessionwire, founding editor of New Deal 2.0, and author of 'Reading the Sphinx: Ancient Egypt in Nineteenth-Century Literary Culture.' Follow her on Twitter @LynnParramore.