Read this article from Mashable.

“Facebook provides users with the opportunity to share just about everything: photos, links, videos, virtual gifts and random musings in the form of status updates. Under the guise of “being social” and “maintaining transparency,” Facebook (Facebook reviews) fiends post anything and everything about themselves on this now omnipresent social network.”

Read this article from CIO.

“The business models of social networks could rely on an ignorance towards privacy from their users, experts say. But recent research indicates normal Facebook users have begun altering their privacy settings to control the information people (and potentially advertisers) can see, which could affect the ability of social networks to make money.”

Read this article from Talkincblog.

“Let’s face it. On Facebook, not all people are created equal, so we might want to have some discretion for just who we want to be seeing what information about us (especially true for students seeking jobs). With this in mind, and after doing some research on just what kind of Facebook Privacy tricks there are, I put together a way of using Facebook Lists in conjunction with Privacy Controls that let’s you control just who sees what.”