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>The correct conception is that it could be sold and the Market Economics Fairy has predicted that it will be sold as soon as a willing buyer and willing seller
by DugFin 14y ago
>The correct conception is that it could be sold and the Market Economics Fairy has predicted that it will be sold as soon as a willing buyer and willing seller agree on a price.
Mmmmm... unfortunately, I think YOU'RE the one with the strawman argument here. The misconception that he's talking about is the notion that "the purpose of collecting your personal data is to sell it to the highest bidder". That IS a misconception. The purpose of collecting user data is to rent out the aggregate value of it to advertisers. The fact that the collector might someday be forced into receivership and the user data may end up on the auction block as part of their assets is not actually relevant, because a purchaser of such is ALSO not interested in selling the data for profit, but rather collecting rent on the aggregate value of the data from advertisers.
- brudgers 14y agoMy premise is that once Facebook's assessment of the net present value of exclusive use of its data is less than a willing buyer's assessment, the likelihood of a sale is significant (it is also a premise that this also holds for Google). A second premise is that companies which own data may have that data acquired through dissolution, merger, or acquisition; and that in such circumstances the asset may be monetized differently than it is currently. This may be pessimistic, but betting on the benevolence of corporations is not supported by history.