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An argument that companies should pay users for their data

nytimes.com

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Re: An argument that companies should pay users for their data

#171

Post by Slansitartop »

dhimes wrote: post #160
RhodesianHunter wrote: post #157

Earlier quoted context omitted.

Earnings Reports most likely. https://investor.fb.com/investor-news/press-release-details/...

I'm seeing $40.7B in 2017 revenue, 2.1B active monthly users (1.4B daily active users). I'd like to know how the calculation is done because I'm getting very different answers using these numbers.

> I'm seeing $40.7B in 2017 revenue, 2.1B active monthly users (1.4B daily active users). I'd like to know how the calculation is done because I'm getting very different answers using these numbers.

There aren't 1.4B active daily users in the US and Canada, because there aren't even that many people.

He's looking at the one of the richest slices of Facebook's user-base, but it looks like you're looking at the global/worldwide numbers, which include a lot of much poorer people.

Re: An argument that companies should pay users for their data

#172

Post by dhimes »

Slansitartop wrote: post #171
dhimes wrote: post #160

Earlier quoted context omitted.

I'm seeing $40.7B in 2017 revenue, 2.1B active monthly users (1.4B daily active users). I'd like to know how the calculation is done because I'm getting very different answers using these numbers.

> I'm seeing $40.7B in 2017 revenue, 2.1B active monthly users (1.4B daily active users). I'd like to know how the calculation is done because I'm getting very different answers using these numbers. There aren't 1.4B active daily users in the US and Canada, because there aren't even that many people. He's looking at the one of the richest slices of Facebook's user-base, but it looks like you're looking at the global/…

Agree. Which is why I am trying to find out where he's getting his numbers.

Re: An argument that companies should pay users for their data

#173

Post by ionised »

pbhjpbhj wrote: post #69
sharemywin wrote: post #27

Earlier quoted context omitted.

And as long as we as consumers and employees act as individuals and for profit companies act has collectives we will always be at a huge negotiating dis-advantage. The idea that corporations = people is foolish and obviously leading to a reality that doesn't fit the model.

The idea that corporations aren't people leads to evil. "Oh, yes we harvested your data from all the sites you visited and used it to manipulate you in to buying stuff that harms your livelihood (gambling, say), but it's the _company_ that did it and so none of the controlling executives can be blamed!"

> The idea that corporations aren't people leads to evil.

Define evil please, because I'm of the opinion that the idea that they are people leads to serious unpleasantness all round.

Re: An argument that companies should pay users for their data

#174

Post by ionised »

marcinzm wrote: post #24
sharemywin wrote: post #16

Earlier quoted context omitted.

They aren't free. You pay for them in high prices for good and services. Those companies pay advertising which increase prices plus their tech size profits. And because the stock market machine demands greater and greater profits they need larger stronger monopolies to generate those obscene profits.

It's not like advertising didn't exist before the internet so blaming the tech giants solely for it's impact on society seems odd. They didn't create advertising, they simply took away advertising money from other mediums.

Advertising before the internet and advertising now are two VERY different beasts.

Re: An argument that companies should pay users for their data

#175

Post by miketery »

adventured wrote: post #130
dasil003 wrote: post #91

This is absolute nonsense and dangerous to boot. Facebook's ARPU is still less than $20/year. If they literally paid all of their profits directly to their user it would still be a pittance. The real value of privacy has to do with freedom, manipulation and surveillance, and that is not represented by economic measures at all. Talking about the value of the data in purely economic terms is exactly the way you would w…

Facebook is probably going to hit $100+ ARPU in the US + Canada for fiscal 2018. It was $85.41 for 2017. It was $27.76 in Q4, and $21.20 in Q3 (for the US + Canada). It's not implausible that it'll eventually hit $200 per year in the US + Canada. For fun, here's their quarterly ARPU over the last few years in the US+CA, starting from 1Q15, excluding all Q4 results (Q4 skews because it spikes): $8.32, $9.30, $10.49, $…

ARPU is an annual measurement. You can't tale quarterly ARPU's and add them.
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