Say what you want about Edward Snowden but the man definitely has put a spotlight on government spying, which was probably his plan all along. While I may disagree with how he approached it, and where he has sought refuge, his actions do bring up a lot of valid concerns. How much spying is too much? When it comes down to it, I believe our government does have our best interests in mind (for the most part) but at what cost? Snowden also raises another concern. If he went through the proper channels, would he have ever been heard?

In any event, the NSA spying is definitely out in the open now. Recently, Mark Zuckerberg called President Obama (I found it a bit surprising that he could pick up the phone and dial the President) to express his frustration about the lack of privacy on the internet, namely the NSA surveillance methods. It should be noted that companies like Facebook and Google have the most to lose if users do not feel that their information is secure. Additional information can be found in the Forbes article found here.

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Joe Lan
ABOUT THE AUTHOR:

Joe Lan is a financial analyst for AAII. Joe is a graduate of Northeastern Illinois University, where he earned a bachelor's degree with a double major in accounting and finance and holds a master's degree in accounting and financial management from the Keller Graduate School of Management. Joe writes extensively for Computerized Investing and is a frequent contributor to the AAII Journal. Joe also sits on the advisory committees for the Stock Superstars Report and Dividend Investing newsletters. Lan is a holder of the right to use the Chartered Financial Analyst (CFA) designation.

5 Comments on this article. Feel free to join this conversation.

  1. Wayne Thorp
    Wayne Thorp March 14, 2014 at 1:22 pm - Reply

    I agree that it’s surprising that Zuckerberg can pick up the phone and get the Oval Office on the line. Perhaps more preposterous, though, is the notion that he thought the most powerful man in the world would listen to him on issues of national security!

  2. John Zimmerman March 15, 2014 at 11:21 am - Reply

    Zuckerberg is complaining about lack of privacy on the internet? The word “hypocrite” comes to mind. Is any company more intrusive than Facebook? At least the NSA doesn’t sell what it collects.

    • Wayne Thorp
      Wayne Thorp March 15, 2014 at 12:01 pm - Reply

      The counter to your argument, however, is that Facebook users know what they are getting themselves into. The belief that law-abiding citizens don’t have to worry about the government spying on them isn’t unreasonable.

  3. vernon March 15, 2014 at 2:35 pm - Reply

    Amen Mr. Zimmerman. There is NO privacy or responsiblity left on the internet. Have you read any of the “Agreements” to do anything, use any web site, or software lately? “We are responsible for nothing, we send your tracable information to anyone on the web who wishes it and we link to all “big data” analysis software every where”.
    Google chrome by design is tracking software. ISP and IP tracking is now used extensively The internet has become a big joke of late. It’s now used primarily for selling advertising. Reminds me of the same route TV took.

    Five years ago, it was recommended that java be disabled for security, that gif and jpg images not be use and text only browsing be used IF you wanted anykind of security – now you can’t hardly use ANY web site UNLESS you allow java and images. Spam to email use to be a problem – now email is unuseable.
    I now use the web LESS than I did 10 years ago. Why waste the time. What facinates me is that people have an hour to waste clicking and looking at pictures/videos on information that takes 3 min to read.
    Personally I would RATHER have the government tracking me than face book (not a member-never own and blocked) or google.
    Just an old man raving – Good luck on your new web site.

  4. Jackie McClellan
    Jackie McClellan March 19, 2014 at 11:45 am - Reply

    Vernon –

    I couldn’t agree more ” There is no privacy or responsibility left on the internet.” It’s hard to imagine because some of us don’t realize how much of our personal information is on the web just by simply searching through sites. Scary!

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