Off-Facebook activity

Post by elicash » Wed, Jan 29, 2020, 4:40 PM UTC

vinaypai wrote: post #234

elicash wrote: post #212

Earlier quoted context omitted.

My issue isn't that I don't want to pay the paywall -- it's that because people broadly don't prefer paywalls that relying on them rather than a thriving online ad business means they can't hire more reporters, video people, data folks, etc. So at the end of the day, it means I don't get to enjoy as much quality content from the publications that I love. In my view, I end up with the best content when advertisers are…

Online advertising is pretty much always going to be a race to the bottom because everything a website does is just a dog and pony show to get people to watch ads. Why bother putting together quality content when churning out clickbait and low-effort crap generates far more clicks with far less work?

Post by philwelch » Wed, Jan 29, 2020, 4:44 PM UTC

JediWing wrote: post #223

dmayle wrote: post #217

Earlier quoted context omitted.

They don't charge 3%, they charge about a tenth of a percent (0.11%). What you think of as fees is actually a basket of charges going to different parties. almost 2% goes to your (the purchaser) credit card company to cover the risk of you not paying them, about a percent goes to the store's bank to cover the case when they have to give the money back (either because it was a fraudulent online transaction, or the sto…

I get that this is how it works in the real world, but the argument that transaction fees are necessary for the credit company to cover the risk of the cardholder not paying is a bit feeble, because to my non-banker mind: that's what the interest rates are for. If someone is risky, simply don't approve their application, or raise their rate. Am I missing something?

Post by papln » Wed, Jan 29, 2020, 4:49 PM UTC

xyby wrote: post #82

I am in Europe, so by law (GDPR) I have the right to make them delete all of this data. How do I do so? Also, I never consented to this being collected. How can their practice of collecting this type of data be GDPR compliant?

Post by MarkyC4 » Wed, Jan 29, 2020, 4:52 PM UTC

dmayle wrote: post #217

dd36 wrote: post #164

Earlier quoted context omitted.

It’s crazy that they do this yet still charge nearly 3%.

They don't charge 3%, they charge about a tenth of a percent (0.11%). What you think of as fees is actually a basket of charges going to different parties. almost 2% goes to your (the purchaser) credit card company to cover the risk of you not paying them, about a percent goes to the store's bank to cover the case when they have to give the money back (either because it was a fraudulent online transaction, or the sto…

Post by alpha_squared » Wed, Jan 29, 2020, 5:01 PM UTC

sequoia wrote: post #228

Can someone tell us non-Facebook users what this looks like?