Every day that goes past there’s another news story about social media and the\u00a0amount of data they posess on you, and each time it gets a little bit more freaky.<\/p>\n
The reason for this, as I personally see it, is because all these social media companies are worth hundreds of millions, even billions of dollars.<\/p>\n
But… they don’t actually make that much money.<\/p>\n
Why are they valued so highly if they’re not making\u00a0much money?<\/p>\n
Because they hold so much data on people, and in theory that can be used to make money.<\/p>\n
Only problem is… using that data is getting pretty hard without extra permissions. They don’t want to ask your permission because, let’s be honest, you’ll probably say no. However, if they don’t use that data\u00a0to make money then their company becomes valueless.<\/p>\n
Tricky position\u00a0to be in as a business.<\/p>\n
Today’s story about Facebook is yet another example of\u00a0the freakiness of what’s going on.<\/p>\n
Let\u00a0me know what you think by hitting the reply button.\\Over ‘n out,<\/p>\n
Michael<\/p>\n
[divider]<\/p>\n
Just some of those things include:<\/p>\n
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