Facebook: Aren't they supposed to be smart guys?

[Skybird]

Originally Posted by Onkel Neal

If they are smart, how do they make so many mistakes and misteps?



Maybe FB is smart, just disingenuine, unethical, and clever at hiding it.... I always suspected their data collection was their main cash cow, not simple advertising.

Yes. Its the core and fundament of the whole business model. Take it away, and the whole "business" dies immediately.

Im preaching this since years. There ain'T no such things as "free" internet services. When it is labelled as "free", it means: you pay with your profile, your HD's data, your privacy, no matter your consent given or not.

We do not want intel agencies and government to ever know this lot of stuff about us, but we allow it to happen when it is done by a private business actor with tough profit interests and a strong will to form a monopoly and bypass the laws and standards of civil society?

One of the few things for which I will to leave states in office anymore, is that they go tough against monopolists. Monpoly and free market economy do not go together.

Stock markets say that FB should be worth half a trillion. This tells me not the value of facebook. It tells me how derranged the value assessment of the stockmarkets has become in the wake of the profanization of real, good money. Exactly like the Austrians have predicted it already a hundred years ago. Destroy money, and you loose your only standard by which you can compare services and goods on the market objectively. Massive and ever growing distortions necessarily and unavoidably must be the logical consequence.

Well, I know why I do not use any of these new "social" media and communication platforms. None. And it costs me no effort and no self-restraint at all, I miss nothing.