El Coyote Gordo (supergee) wrote,
El Coyote Gordo

The Facebook Racket

Social media that have no business model except trying to monetize the information that users provide to them will, sooner or later, be required to breach trust and demolish whatever is useful in their service, to come back again and again with new interfaces and terms of service that lie or conceal or divert. Even if they get away with it for a time, they’re selling a product that is far less valuable than the innumerable info-hucksters and digital prophets (or even protectors of privacy) think it is. In some ways, it might be best if Facebook just got it over with and gave itself permission to sell every last scrap of information it’s holding: what we might all discover is that there’s hardly anyone at all who will pay for that service at the scale and price that Facebook needs them to pay.
--Timothy Burke
Tags: quotefile
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