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What about the data being collected has relevance to "product/service diversity" "on demand personalization" and lower prices? Especially "lower prices"? This
by KennyBlanken 4y ago
What about the data being collected has relevance to "product/service diversity" "on demand personalization" and lower prices?
Especially "lower prices"?
This data doesn't help lower prices, and prices haven't lowered. Corporate profits are through the roof while wages for all but the top 10-20% have flatlined or gone down when adjusted for inflation/cost of living. Savings and home ownership rates are the lowest in half a century. Etc etc.
- AndrewKemendo 4y agoI think there's two things here 1. It absolutely helped "lower" prices because you never pay anything for the services that are built around ad-networks from the start, specifically social media. Do you think 1.39 billion people would pay $8 a month to use tik-tok (12BN rev/1.39B users)? No chance. The entire conceit of the consumer venture landscape since 2012 is: "How do you build a community on the back of VC money which forms the data source for your ad-network?" 2. There are certainly companies now that get the benefit from the data without "passing the savings on to consumers" but they are saving money in their costs.
- peteradio 4y agoThis seems less like people are demanding it, and more like people are being roofied.