Facebook CEO Mark Zuckerberg announced on February 26 that, from now on, the company will post proposed changes to its terms of service and other policies for member input.
If more than 7,000 people comment, the policy will be put to a vote, and the result "will be binding, if more than 30 percent of all active registered users vote."
Based on Facebook’s current 175 million user base, that’s nearly 53 million people, which makes it questionable whether the company will ever get sufficient voter turnout.
CBS News and CNET Technology analyst Larry Magid discuss the move with Jamie Court, president of Consumer Watchdog.
