Saturday, November 28, 2015

KARL DENNINGER: When Are You Going to Be Done?

https://market-ticker.org/akcs-www?singlepost=3394014

I will keep reminding you that nothing free is ever actually free but what's worse is that the data collected, once collected, is never deleted and that while there are plenty of "benign" or even helpful things that someone can do with data they collect on you, there are also very malignant things that can be done too.

There is something that everyone needs to understand about companies like Facebook and similar that claim large "revenue per user" figures: Someone is paying them that money.

If you're wondering how you get bled to almost-literally nothing in this world today, that's one way it happens.  You're tricked into believing that something like Facebook is "free", while the company discloses that you are "worth" $42 a year to them in direct revenue that someone else forks up and then must multiply by a factor of 10 or more in order for their investment to be worth it.  That money all comes out of your pocket whether you recognize it or not, and it happens simply because you use Facebook and thus give those firms the ability to buy the data that they then use against you to extract that $420!

Start thinking of your "relationship" with these businesses in this way and you might wake up a bit.

You might also decide that this isn't such a good deal, especially if that $420 means something to you.

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