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Facebook Should Pay All of Us

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Re: Facebook Should Pay All of Us

#21
post #13

In other news: Google should pay all of us. Yahoo should pay all of us. ...

Maybe so, or at least it's an interesting thought experiment.

I've thought for a while that the dominant business model of the web is for-profit piracy. I don't mean The Pirate Bay -- those are small time players and are not very profitable if at all. I mean Google, Facebook, etc.

To make that argument work you have to define piracy independently of whether or not it's illegal piracy. In this case we'd define for-profit piracy as the "indirect monetization of content you did not produce or license and in which you do not pay the producer."

Google monetized the entire web. They didn't create the content, but they sold ads on it. It's like having a radio station where you don't make the music, don't license the music, and don't even run the transmitter, but you get to present ads in-stream. Then on top of that you get to charge people for those ads while you are also monetizing them. It's brilliant.

That's not illegal (in this case), but it is perhaps a form of piracy. Google would have had no value had the web not been full of people dumping valuable information online.

Does this mean Google is a value extraction enterprise rather than a value creating one? I'm picking on Google but this applies to a whole lot of the web's business models. I think it's legitimate to question the economic justice of this. Again it's not illegal, but there are many things that are not illegal that are shady. Is the monetization of what began as an open gift culture shady?

Obviously Google's founders didn't think of it this way when they built Google, but one of the things social criticism does is to question what things really are or really become independent of their original intent.

The counter argument is that Google provided a valuable service that made the web more useful. That's undeniably true. But how much effort went into that vs. creating all the web's content? Does building a road to make it easier to reach someone's farm entitle you to 100% of the proceeds of their farm?

Re: Facebook Should Pay All of Us

#22
post #9

I'm not the biggest fan of FB or for the fact that I pretty much have to use it to keep up with friends and family these days. These are some things that you get in exchange for giving up your information: A place to store photos A platform to publish your photos A communications platform (Messenger) A platform to stay officially connected to things you "like" and their updates Near instant publication of your brain…

It's a natural monopoly. Of course other similar services failed, even those with substantial regional uptake.

Re: Facebook Should Pay All of Us

#23

Fun Graph API fact: while it's incredibly easy for any user to scrape data off of public Facebook Pages ( https://github.com/minimaxir/facebook-page-post-scraper ), it is very hard to scrape personal data from people on Facebook, even if you are Friends with them or their Facebook statuses are public. Personal data is much more valuable. I've tried multiple endpoints to do so (for data analytics purposes) and they ha…

You can use the endpoints for the Facebook Android App. You will not comply with their ToS, but you will get all that data.

Re: Facebook Should Pay All of Us

#24
The thing that so many people fail to realize is that the data isn't valuable in and of itself. Excluding the type of information that lets you steal identities (and therefore bank accounts), there's not much you can do with huge swaths of data. There's not really a market for sheer information.

What makes Facebook (and other platforms that use your personal data) valuable is that they have both information about you and a place where they can show you ads. These platforms are not, contrary to popular belief, trying to "sell" your information. They're allowing advertisers to use the platform to display ads to you based on that information. The data is a means to an end, which is showing you relevant ads.

If everyone stopped using Facebook tomorrow, the value of all the information Facebook has gathered would be negligible. The real reason Facebook is worth $X Billion is because a significant portion of the population of the world logs in to use same product every day.

In other words, your attention is the thing that is valuable. Your data just lets advertisers be really efficient in how they pay for your attention.

Re: Facebook Should Pay All of Us

#25
post #9

I'm not the biggest fan of FB or for the fact that I pretty much have to use it to keep up with friends and family these days. These are some things that you get in exchange for giving up your information: A place to store photos A platform to publish your photos A communications platform (Messenger) A platform to stay officially connected to things you "like" and their updates Near instant publication of your brain…

> "Look at all of the other social networks that tried to solve this in the past and failed."

FB has a network effect, which a a major reason all those products/services get used. However, it's not really fair to imply that FB is 'succeeding' at all the things you listed. If it were, then there'd be little talk of existential threat from things like Instagram/Whatsapp etc...

Re: Facebook Should Pay All of Us

#26
post #13

In other news: Google should pay all of us. Yahoo should pay all of us. ...

Google will if you let them.

https://play.google.com/store/apps/details?id=com.google.and...

[and the corresponding payer endpoint: http://www.google.com/insights/consumersurveys/home]

Re: Facebook Should Pay All of Us

#27
post #9

I'm not the biggest fan of FB or for the fact that I pretty much have to use it to keep up with friends and family these days. These are some things that you get in exchange for giving up your information: A place to store photos A platform to publish your photos A communications platform (Messenger) A platform to stay officially connected to things you "like" and their updates Near instant publication of your brain…

80% of that is provided by dropbox or onedrive for free without any charge or privacy invasion.

Re: Facebook Should Pay All of Us

#28
post #19
post #9

I'm not the biggest fan of FB or for the fact that I pretty much have to use it to keep up with friends and family these days. These are some things that you get in exchange for giving up your information: A place to store photos A platform to publish your photos A communications platform (Messenger) A platform to stay officially connected to things you "like" and their updates Near instant publication of your brain…

I don't have a FB account and I get all those things. I also don't feel like "Some of the best engineering talent in the world working on the aforementioned" is a compelling reason to give away my personal information.

> I don't have a FB account and I get all those things.

From where? Nowhere free or not advertising to you or selling your info to advertisers, I'd bet.

Re: Facebook Should Pay All of Us

#29
post #7

This is silly. Yes, if you're not the one paying, then you're the product. However, I do get things in return - I get to connect with people I don't get to see too often anymore and see what they're up to in their lives. Everyone and their grandma has one, so I know if I'm trying to find someone they're on there. It also reminds me of people's birthdays, which I'm pretty terrible with otherwise. People do get things…

From what I observe[1] they're on it all the time because its a diversion. TV is another worthless diversion[2] but at least the TV networks don't (yet) sell your private information. But ultimately there is very little on Facebook that I see as critical or something I can't get from a myriad of other sources.

1: Watching my wife peruse FB but I suspect she is an example of a typical user.

2: I'll grant that worthless diversions have their place when used sparingly. But neither FB nor TV are used sparingly by most people unfortunately.

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