NewsCloud writes "After reading about the Facebook platform launch, I spent the next week learning the API and building my application. Facebook's platform has been pretty successful despite complaints of poor documentation, instability and outcries over its application approval process. I've been waiting two weeks for my application to be approved for their directory and had my account disabled (temporarily) after I invited a large number of colleagues. While I'm impressed with the potential of the platform, the experience has made me more concerned about the lack of transparency in privately held social networks and the risks we take as developers when we invest time in a company's platform. Facebook's home page advertises itself as "a social utility that connects you with the people around you." My concern with Facebook is that there's no one regulating the utility."