Earlier quoted context omitted.
"... And nothing of value was lost." This is definitely not true. There is considerable value in advertising, it's just not apparent to you. In fact - advertising that is 'well targeted' is considerably less annoying than ads that are poorly targetted. The economic value of a well targeted ad is probably 10x otherwise. Ergo - unless you are willing to pay for apps - you might now see 10x more ads appearing on pages t…
> In fact - advertising that is 'well targeted' is considerably less annoying than ads that are poorly targetted. And better than targeted ads are ads that only need contextual information to work. If I'm on a page for a bit of sports equipment, I'm probably interested in sports equipment, or at the very least sports. Didn't need a complex data collection and analysis pipeline there. > unless you are willing to pay f…
Unfortunately, this simply isn't true.
The value of a vistor to a 'sports site' may be considerably more for some other product or service.
The fact is - most content is placed on sites for which there is no obvious context: Facebook, Twitter, news - none of it provides much information.
"I do in fact pay for apps" - it doesn't matter what you or I do - it matters what people do. The fact is, people are considerably more likely to opt for ad-based products than pay-based products, and for some kinds of products, it has a strategic consideration (i.e. those with network effects).
Ads are not going away.
"I'd suggest that the more efficiently we are able to let people find what they need, the better."
People never knew they needed a smartphone, did they? Nobody was thinking 'hey I really want a 'big screen phone'.
So I agree 'search for stuff' should be better, but advertising is not going away.
The 'ill effects' of privacy are negligible.
Nobody is harmed because of what FB is able to discern 'out of network' vs. what it already knows from what you do 'on network'.
There are definitely considerations, but in reality, no harm.
Can you think of examples where you, or someone you know has been harmed by FB out of network data collection?
Ads are not going away, better ads are better for everyone, we need to figure out how to deal with privacy.