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Facebook Advertising Businesses Social Networks The Almighty Buck

Facebook Tests 'Want' Button To Hoard User Data, Save Its Stock Price 98

Posted by Soulskill
from the do-not-want dept.
colinneagle writes with news that Facebook is beginning to roll out tests of "want" and "collect" buttons in an attempt to bring users and retailers closer together. "The company is working with Victoria's Secret, Pottery Barn, Michael Kors, Wayfair, Neiman Marcus, Fab.com and Smith Optics. The difference between 'liking' and 'wanting' would be like discovering the holy grail of datamining. Inside Facebook said that although the 'Want' button is different than the Want plugin that developer Tom Waddington noticed in June, the company may eventually offer it as a plugin. Unsurprisingly, Facebook wants to keep people on the site as opposed to leaving to visit Pinterest. Collections will offer retailers a Pinterest-like option to engage buyers, offer users a way to collect images, while also collecting even more data about users. For example, Facebook asks, 'Why are you collecting this?' Regardless of a user's answer, the wants and collects will surely be used to deliver targeted ads. Eventually, the Collections feature could help Facebook generate more revenue."
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Facebook Tests 'Want' Button To Hoard User Data, Save Its Stock Price

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  • by siddesu (698447) on Tuesday October 09, 2012 @07:28PM (#41602837)
    It shows up on the blind spot of your retina when you install three plugins, noscript, ghostery and adblock. I see hardly any facebook anymore. Makes it very easy to avoid other crap sites, too.
  • by rueger (210566) * on Tuesday October 09, 2012 @07:38PM (#41602915) Homepage
    Why anyone would care about the many ways that Facebook mistreats their data sources - ah, users - is beyond me. Unlike Google they never even bothered to pretend to be anything but money-grubbing capitalists with no problem whatsoever with Doing Evil.

    From day one their modus operandi has been to push things to the point where even their most loyal users rebel, then back off just enough to quell the noise. And then to repeat, moving the bar even lower with each step.

    Yeah I use Facebook, but I also am pretty picky about what information I leave on their servers. Judging by the utterly bizarre collection of ads that show up, I must be doing something right. Today they're promoting: Lord of the Rings Online; Fast and EZ Debt Reduction; Diamond Jewellery; Fitness Membership; Joint Pain Relief; and allegedly "luxury" Real estate, none of which are even remotely interesting to me. Google at least manages to place ads that I might click on.
  • by macwhizkid (864124) on Tuesday October 09, 2012 @08:11PM (#41603125)

    This probably is not well-known to people except those working in neuroscience/behavioral psych research, but "wanting" and "liking" are part of a drug addiction theory called incentive salience [wikipedia.org]. The basic notion is that "liking" something is a momentary, pleasurable feeling of hedonism. It passes quickly, but it's powerful reinforcement that drives you to want that hedonic feeling. The "wanting" is where motivation and incentive comes into play to drive the craving for reward (be it drugs, food, whatever).

    Think about it: what's the last time you ate a cheeseburger? Do you have a vivid memory of it? Probably not.

    But do you want a cheeseburger? Especially one with cheese, bacon, medium rare, fries on the side... mmm...

    Anyway, the theory explains why addiction persists and drug abusers fall back into old habits, even when they've been clean for years. Salient cues are too much to ignore (a needle, a bus stop they used to meet their dealer, etc). The theory works with rats getting drugs, food, sex... No reason it can't be applied to website visitors too.

  • Re:FUCK YOU (Score:1, Interesting)

    by Forty Two Tenfold (1134125) on Wednesday October 10, 2012 @12:36AM (#41604569)

    Are you kidding?! The Free Market is just a theory, like evolution; get over it.

    No, evolution is a theory. "Free market" is not even a hypothesis. It's pure fantasy.

Entropy isn't what it used to be.

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