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You misunderstand. The point is that the more data they have, the more valuable and "accurate" their analysis is -- it's like crowdsourcing genetics by buildin
by 2bitencryption 11y ago
You misunderstand. The point is that the more data they have, the more valuable and "accurate" their analysis is -- it's like crowdsourcing genetics by building one large database.
So your complaint of "why don't they just sell it at the cost plus a margin" doesn't work here. They're dropping the price because they're paying you for your information to make their service better.
It's like Tumblr not having ads (for a period of time). "Why are you giving this to me for free?" you ask. Because then you're more likely to use us, and then we'll have a bigger user base and make tons of money later.
That's how SAAS models can give away their "service" for free and still be valued at billions of dollars.
- daughart 11y agoThe more data they have the more valuable they are to drug companies. The data doesn't help them provide you anything.
- amelius 11y ago> The point is that the more data they have, the more valuable and "accurate" their analysis is This is covered by my comment that participating in research should be voluntary. > So your complaint of "why don't they just sell it at the cost plus a margin" doesn't work here. Yes, my complaint makes perfect sense here. They are selling below cost price to build themselves a bigger market. This is not a fair way of doing business, in my opinion. The fact that you are framing this as "we are paying you to help us build a bigger market share" does not make a difference. In my opinion, everything that is being built by crowdsourcing belongs in the public domain. It is not fair to have one company keeping that information hostage.