Facebook IPO shows Zuckerberg's power, fears

The public is learning a lot more about Facebook and its controversial founder as the social networking site filed plans on Wednesday to sell stock to the public for the first time.

CNET's Molly Wood said details about Mark Zuckerberg, as well as what the company fears going forward, were revealed in the initial public offering.

Zuckerberg, the subject of the 2010 film "The Social Network," has shown immense control over the organization, including voting control over 57 percent of the company and the ability to choose his successor from his death bed.

As for the company's fears in the years ahead, Wood said, "They're very worried about the (Federal Trade Commission) and further investigation and regulation around privacy. That's been their biggest bugaboo, the biggest concern with consumers. And they are afraid that in the future they will be subject to more regulation in terms of how they can use our data online."

For more with Wood about who could get rich quick and more, click on the video in the player above.

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