“Where is your data now? Follow the money.”

Who is getting rich from users' data

#Privacy

Mon, Feb 4th, 2019 09:45 by capnasty NEWS

On Big Think, Rita Gunther McGrath looks at how the user data economy works and where the money is going.

A conservative estimate of how much your personal information is worth to these data brokers is on the order of $240 a year for each of us, for millions and millions of people. And that adds up to a really, really big number. And a lot of that data, right, and the advertising against that data is just getting sucked out of conventional sources and going right into the pockets of the big data brokers like Facebook and Google and even Amazon, also a whole bevy of smaller data brokers-- you know, people who run little websites like, you know, Housekeepers Like Me and, you know, do you have insurance, and are you in the market for a new car? And people willingly hand over this information, which then gets aggregated and copied across databases and then put into this package which advertisers can then use to target you. I think we're just at that very early stages where a few people are sounding the alarm. But that has not spread out to the masses yet. I mean, all those people posting about their grandkids on Facebook don't understand...

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