Social networking web sites are used for communication by hundreds of thousands of people today. The information sharing that takes place ranges from personal to governmental to business. The access to and use of this information involves the issue of privacy. This study investigates the importance of privacy policies and their contents on social networking sites. Overall, the five globally recognized privacy fair practices are reported as well as other privacy related issues. In conclusion, research results indicated that privacy on social networking sites is very important, particularly the fair practice area of Security. However, a dichotomy exits because the majority of social networking users do not read the privacy statement of the site on which they have personal pages.
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