What Facebook Knows
technologyreview.com
technologyreview.com
There are some positives that come from this — the article gives the example of improving organ donor registrations — but they lost my trust long ago. It feels wrong for any one private entity to have so much data on so many people. Then again, I'm not sure whether I'd prefer it to be any one government either.
Is it not the case that having a Facebook account, even a sparsely populated one, is incompatible with maintaining any semblance of control over your online identity, PII, privacy? Plus FB creating "shadow profiles" for non-members[0] would suggest they're tracking me even 18 months after deleting my account. They've closed the catch-22 loop.
[0] http://yro.slashdot.org/story/11/10/18/1429223/facebook-is-b...
Regardless, it's a very different issue if your core value proposition is "using this is super useful and awesome because everyone you know is also using it". What would be the optimal pricing model for a TV network that was exponentially more enjoyable the more people were watching it? $0.
I think the reason things are ad supported is because making money from advertising is really simply. You need one person at your organization to call an advertiser, and a day of his work can give you millions in instant cash. Customers, on the other hand, require a lot more maintenance and generate less money per individual, so scaling up a business based on customers paying money is very difficult. (Even Microsoft, a huge company that sells software, prefers to get OEMs to buy you a Windows license. One deal with one OEM equals millions of dollars. One deal with you equals $39.)
Advertising isn't required; lots of services do fine without it, even some free ones that make money through other methods. I'm just saying that in general people seem to prefer paying with their attention to paying with their cash. If you can somehow shift that balance, then yes, advertising could go away. But I don't think that will ever happen, because people just don't value their attention and time like they do their cash. I think it's a side effect of human nature somehow.
See: http://www.nytimes.com/2010/05/16/magazine/16Journalism-t.ht...
"Advertising always accounted for the vast majority of the publishers’ revenues — with newspapers, 80 percent was the rule of thumb"
Let's hope the government doesn't one day decide to seize it. I wonder if they (Facebook) have any kind of self-destruct mechanism should that ever come to pass. No, actually, I don't really wonder, I'm sure they don't.
1. You only have data of people capable of buying a computer and having internet access. And then having the time and willingness to use facebook. This places a bais in the information and obtained research.
2. The profile of users don't reflect who they truly are. It represent what they want to be, or at least how they want to be percieved by others. Admittingly this problem is also present when doing surveys.
It certainly provides a lot more information and would aid social scientist, but it's not perfect. Then again they passively collect a huge pile of information too (e.g. using their like buttons all over the internet).
Do you realize that you are saying what you think people are?
Which is which? who they really are and what they really want to be. Is Clark Kent real or Superman real? This is why sociologists have day jobs.