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Max Levchin has more money, less sleep than you [Jackpot]October 29th, 2007 at 7:44 pmSource:Valleywag
Facebook’s lawyers, at the least, seem aware of this state of affairs. Look at this language they wrote into Facebook’s privacy policy: We are not responsible for circumvention of any privacy settings or security measures contained on the site. Read through the policy, and you’ll note that while there’s plenty of language about not sharing information with third parties, there’s hardly anything about how information about what you do on Facebook is used within the company. Facebook has covered its ass, in other words, while exposing yours. The letter of the policy is one thing. The spirit is another. High up in the policy, Facebook tells users, “You should have control over your personal information.” You. Not a precocious, overcurious programmer. The company’s official official statement on the matter raises more questions than it answers: We absolutely respect user privacy and access to site usage and profile information is restricted at the company. Any Facebook employees found to be engaged in improper access to user data will be disciplined or terminated. The first part is simply risible. Facebook, as a company, may have a policy that employees should respect user privacy. But some Facebook employees obviously do not follow that policy, and Facebook appears to have no effective way of stopping them. The second part, that access to sensitive data is “restricted” is meaninglessly vague. Restricted how? And to whom? Customer service employees, for example, obviously must have access to profiles and activity on the site in order to investigate complaints. What’s to stop them from idly viewing other profiles while they’re passing the time? And programmers and system administrators need to have deep access to the company’s software. Even if access is restricted, has Facebook restricted it to people who deserve that trust? Has Facebook, say, conducted background checks on those employees? Does it log their every access to the system, and examine those logs? These are not idle questions: Retailer TJ Maxx is getting sued for taking a lax attitude to data security. The third part, that Facebook employees caught breaking rules are terminated, seems obvious. But the question here is not what happens to employees who are caught. It’s how Facebook catches them. And if it even has the ability to catch them. Facebook’s young employees have given the company much of the boisterous energy that has propelled it to a $15 billion valuation. That same youthful vigor has its downside. Today’s twentysomethings have grown up on the Internet, in an environment where no information is safe from prying eyes. They know all too well that their privacy is an illusion. Why should they care about yours? The grownups at Facebook may make noises about respecting users’ privacy. The scant clan of thirtysomethings know that paying lip service to privacy controls is essential for Facebook’s business. But, I wonder if a 20-year-old employee would even know what they’re going on about.
The other secret? No one sleeps around here. Levchin offhandedly mentions his life without a company: “I enjoy sitting on nice beaches and hanging out with my girlfriend and playing with my dog, but that’s three hours a day,” Mr. Levchin said. “What about the remaining 18 hours I’m awake?” Unless Levchin has mastered the 30-hour day, we’re counting a mere three hours reserved for sleep. Are we sure he’s not a cyborg?
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What happens when you put twentysomethings in charge of a company with vast amounts of private information? 
Sunday’s 
