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> because they effectively own their oil industry Why can't we, as a society, come together and take ownership of our data, and sell it back to the companies
by LAMike 6y ago
> because they effectively own their oil industry
Why can't we, as a society, come together and take ownership of our data, and sell it back to the companies using our data for profit?
- ricefield 6y agoIt's not really your data though, how can you control / monetize it?
- LAMike 6y agoAre Google, Amazon and Facebook selling ads to robots? I'm pretty sure we are the product, not the customer. Think about what that means... advertisers spend money to get in front of people based on the data they think is important for their business, right? It's derived from all of our data, which we are not getting paid for. Do you think these companies would be worth trillions if they weren't profiting off data we give them for free?
- thoughtstheseus 6y agoOr at the very least consider taxing those collecting it. Data for services is bartering.
- deleted 6y ago[deleted]
- ativzzz 6y agoThe companies that own our data subsidize their collection of it. In other words, we get to use Facebook, Google, etc for free, and we pay them with our data instead of with money. When you own land with oil, you need to buy/rent the equipment to drill it and deliver it. With data, all that is free for the end user. Now the real scam are companies that both charge you to use their product and then make money off the data they collect as a result.