Privacy: Beleaguered Facebook Scraps Places

Facebook, the biggest violator of privacy, has decided to scrap Places.  

It's obvious that users don't care for their friends to know where they go.  Facebook is a place that people thought they could go to stay in touch with people.  

If they want to check-in, obviously, there's Foursquare and Loopt for that.

Facebook is now facing a lot of regulatory scrutiny as well as competitive pressure from Google+.  Furthermore, it could be launch its IPO early next year.  I'm sure news of Places failure isn't a good thing for investor confidence.

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