> because they effectively own their oil industry
Why can't we, as a society, come together and take ownership of our data, and sell it back to the companies using our data for profit?
Why can't we, as a society, come together and take ownership of our data, and sell it back to the companies using our data for profit?
When you own land with oil, you need to buy/rent the equipment to drill it and deliver it. With data, all that is free for the end user.
Now the real scam are companies that both charge you to use their product and then make money off the data they collect as a result.
I'm pretty sure we are the product, not the customer.
Think about what that means... advertisers spend money to get in front of people based on the data they think is important for their business, right?
It's derived from all of our data, which we are not getting paid for. Do you think these companies would be worth trillions if they weren't profiting off data we give them for free?