A current contention is that Facebook makes its money by selling our precious data – this is not true and now we’ve proof that it is untrue. There’s a certain importance to this as we’re told by the likes of Jaron Lanier that data is the new oil, that our data belongs to us and that people like Google and Facebook should be paying us for our data. Because, you know, they sell it so where’s our cash?…See More
You know the story, data is the new oil, Facebook makes its billions by selling our data. We give that data to Facebook for free, we’re all being ripped off and they should be paying us.
Lawmakers in the U.K. released about 250 pages of internal Facebook Inc. FB -2.24% emails that they said show how executives, including Chief Executive Mark Zuckerberg, gave some third-party developers preferred access to user data and contemplated charging developers for data access.
This is concerning Facebook itself of course, not the idiot nephew’s idea of delivering meat flavoured ice cream via the Facebook accounts that dogs don’t have. It’s still a pretty silly idea though, based on a complete misunderstanding of how Facebook currently makes money:
To save itself, Facebook must start charging users
Interesting thought. Worth noting that WhatsApp has just stopped charging people $1 a year to use that app. Wonder why?
So let me wade into this fray and suggest two possible business decisions the social networking giant could make.…See More