Facebook placates Europe for now

In a bid to keep the European Commission off its back social media giant Facebook is admitting to its users that they’re the product.
Despite this being the media business model since the first newspapers were printed, the EC seems to think making Facebook spell out its business model represents some kind of progress. Those few users that even care will now be able to find some kind ‘digital media for dummies’ guide buried somewhere in their Facebook details. This is probably a