Facebook piracy has been an ongoing problem. Is it finally ready to face the music?

Facebook has long turned a blind eye to profiting from piracy on its pages.  Has the worm finally turned?

This past week Facebook reached a milestone when, according to founder Mark Zuckerberg, more than one billion users logged on to the social media site in a single day.  Part of that growth has come from video views (4 billion per day) and so this week Facebook also announced it would (finally) tackle the issue of online piracy that has long plagued the site. In recent months Facebook has been facing growing criticism that it has allowed “freebooters” to rip-off (monetized) YouTube videos and repost them on Facebook, thereby cannibalizing profits.

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