4 ms·

Did people realize what they were trading, for how long, and for how little?

• mortendahl 10y ago
  it seems unlikely that Google, Facebook, etc. are offering us a good deal in exchange for our data; why would they when we don't even know what the fair price is
  • Aelinsaar 10y ago
    They have some idea, given that they're largely responsible for monetizing it. The economy in trading personal information certainly assigns a set value to it. In any case, there is also the question of how many people underage, or otherwise not in a position to give what a reasonable person would see as "informed consent" are swept into this as well. A lot, I suspect.
    • mortendahl 10y ago
      I agree that the before mentioned companies most likely have a pretty good idea, but also that a lot of users cannot give informed consent to use your words. When we go to a restaurant we can at least make a comparison based on experience; in the case of personal data we are rarely given access to data that allows us to build up any such intuition.
      • icebraining 10y ago
        Sure you can: you can compare the various types of services (search engines, social networks, etc) and see who offers the best bang for the private data buck.