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> Seems like this is putting the cart before the horse. Why should we care what Facebook can and can't afford? We don't owe them a business model. The point of
by darawk 6y ago
> Seems like this is putting the cart before the horse. Why should we care what Facebook can and can't afford? We don't owe them a business model. The point of this is to remit to the user the value that has been extracted from them. If Facebook cannot make money, i.e. contribute value, on top of that, then they are actually a drain on society surviving off negative externalities and should go.
How are you going to value what has been extracted from them, though? Facebook is in a better position to value it than anyone: they're selling it. What people are willing to pay them for it is literally its value. I don't really see how you can decide that the value of the data is greater than what Facebook is extracting from it. If it were, they'd be charging that much.
- thechao 6y agoMy data is mine; as the seller, I can price the data about me at any value I want, that doesn’t mean that someone will buy it. If Facebook comes along and takes my data for less than I’m selling it, that’s called theft, and it’s a crime.
- darawk 6y agoOf course you can price it however you want. And you do. You are in control of whether and when to give away your data. If you use Facebook, you are trading your data for their services.
- pmoriarty 6y agoWell, except that Facebook will collect data on you even if you're not using their services.
- darkerside 6y agoWhen you're getting something for free, you sell it for cheap