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PHILADELPHIA, PA: The word on the street is FaceBook may be going public (in an IPO) as soon as this coming week.

Will the new owners of FaceBook, those people who buy shares, be responsible for my privacy and security? Is it possible for individual shareholders to be accountable for what their company does?

At one point in time, people believed the corporate umbrella might shield them from illegal activities. Then, board members and executives found they were the defendants in civil and criminal suits. They thought a new type of insurance would protect them. It does not.