Facebook Would Have To Pay $3.50 Per Month To US Users For Sharing Contact Info, Study Finds (reuters.com) 39
German Facebook users would want the social media platform to pay them about $8 per month for sharing their contact information, while U.S. users would only seek $3.50, according to a study of how people in various countries value their private information. From a report: The study by U.S. based think tank the Technology Policy Institute (TPI) is the first that attempts to quantify the value of online privacy and data. It assessed how much privacy is worth in six countries by looking at the habits of people in the United States, Germany, Mexico, Brazil, Columbia and Argentina. It addresses growing concern about how companies from technology platforms to retailers have been collecting and monetizing personal data. U.S. regulators have imposed hefty fines on Facebook Inc and Alphabet-owned Google's YouTube unit for privacy violations. "Differences in how much people value privacy of different data types across countries suggests that people in some places may prefer weaker rules while people in other places might prefer stronger rules," Scott Wallsten, president and senior fellow at TPI told Reuters. "Quantifying the value of privacy is necessary for conducting any analysis of proposed privacy policies," he said.
My 'privacy' is PRICELESS to me; how about yours? (Score:4, Insightful)
Death to Facebook.
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OoookkkK, RICK SCHUMANN.
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So if you had a choice between giving a stranger your email and phone number, or forfeiting everything you own or will ever own, you would choose to give up your assets?
If not, then your privacy is not "priceless" because you just put a price on it.
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Fuck Facebook
Fuck all so-called 'social media'
Death to all nosy assholes sticking their greedy little noses where it does not belong
MY PRIVATE LIFE IS NOT FOR SALE, EAT SHIT AND DIE.
That clear enough for you all? Or do I need to sharpen my knife?
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To assign a value to something that is "priceless" just list things that you think are more important an things that are less. Chances are that you are going to find items with dollar values attached to it. This will help you give a price to the "priceless" thing you are talking about.
We already know you are ready to kill in order to protect your privacy. It means that your privacy is worth more than the life of a random stranger. Since you dodged the question about forfeiting all your assets in order to pr
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There is nothing special about dollars. It is just a way of valuing things that we are all familiar with.
You use any other unit if you wish. You can value things in hugs and kisses if you prefer. It is just less convenient.
Of course, dollars are not perfect, even with material items. We are full of biases (sunk costs, loss aversion, etc...) and we can get to situations where a dollar is not worth a dollar. Utility theorists use arbitrary units such as "util" instead. But I find it easier to think in dollars
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If you really feel that things shouldn't have a monetary value, you can demonstrate your displeasure by giving away all your stuff for free.
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You want a dollar value for my 'private life' and 'privacy'? Fine: INFINTY+1
Now go fuck yourself old man.
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Re: My 'privacy' is PRICELESS to me; how about you (Score:2)
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Ah, so we are bargaining on price now (Score:2)
My starting figure is $1,000,000 per item.
If we negotiate further, the price goes up.
I live in a state with a Constitutional Right of Privacy.
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Actually, though, it isn't.
You waived your right of privacy when you agreed to its Terms of Service.
But in general, I'm with you. I'd start very high, and if they bitched, I'd just go higher.
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$1,000,000 per item
So Facebook will just walk away. And then ask your friends for information on you.
I live in a state with a Constitutional Right of Privacy.
Your state (and mine) will trip over itself to be the first to sell its DMV records. And whatever else they have on us.
I'd charge 500 billion (Score:2)
I've got nothing to hide!
Great. Now how much do Facebook user pay Facebook? (Score:3)
By definition the amount Facebook pays you, in kind, for your information is the cost of using Facebook's hosting services and software products.
Facebook should have to clearly lay out what they do with your information and they should have to abide by those rules - that's it. At that point it's up to you to use or not use their services in exchange.
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By definition the amount Facebook pays you, in kind, for your information is the cost of using Facebook's hosting services and software products.
Facebook maintains shadow profiles on people that have no Facebook account and do not use their services.
They're not telling the truth. (Score:4, Insightful)
This was a survey of Facebook users. They're all already letting Facebook share their contact info for $0.
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Yep, there at the bottom of the actual paper from the Technology Policy Institute it specifically says
"For the carrier, Facebook, and smartphone surveys, respondents were required to have a carrier subscription, a Facebook account, or own a smartphone, respectively."
So people who actually value privacy were not surveyed.
Comparison to FB's revenue (Score:4, Informative)
So according to this study, U.S. and Canada users would give away their data for 38% of what it's actually worth.
Same calculation for Europe:
Which I suppose is another way of saying Germans value their privacy enough that a business model like Facebook would not work there (they would lose money).
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Which is why I don't use Facebook.
Netflix (Score:3)
Headline should read: "Users in US value themselves less than their Netflix subscription"
or "Users in US value themselves less than avocado toast"
or "Users in US value themselves than their morning Starbuck coffee"
And THEN they'll start paying attention.
Those users seem suspicious (Score:3)
In another news... (Score:2)
Facebook will now charge $3.49 per month to US users.
Why not $3.50 you say? Well, if you want to get back your pennies, you can always give Facebook your bank account information.
What about other forms of compensation? (Score:2)
If Facebook provided a "free" Hulu account, or account upgrade (to no ads or an extra service) if you already have one, in exchange for opting-in to data collection (or not opting-out), I bet it would both be a very popular move and help keep them out of hot water.
Efff that (Score:2)
There's no way I would agree to only $3.50. Of course the problem is that in order to pay everyone they would need to raise revenues. Would anyone care to guess how they would raise those funds?
Skip the middle man, pay me not Facebook (Score:2)
The entire reason for Facebook to sell our information is that advertisers will pay Facebook so that they can target users with all the adds that we users hate to have to click or page through. Each of us has a subjective price they would place on their own privacy as well as a price they would place on their valuable time wasted playing whack-a-mole while clicking browser control buttons to remove the ads that come as a result of that invasion of our privacy. First, they sell our privacy to the advertizers
That number (Score:2)
Tree fiddy
I don't think it comes from where you think it did.