Connecting The Dots Of Big Data, Soaring Corporate Profits, And Trade Wars [zero hedge]
Meta Platforms, Inc. - Class A (FB)
Last meta platforms, inc. - class a earnings: 4/29 04:05 pm
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US:NASDAQ Investor Relations:
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Source: zero hedge
Authored by Charles Hugh Smith via OfTwoMinds blog,It's self-evident that we cannot possibly understand trade, soaring corporate profits, Facebook's data collection or the economy without understanding the core role played by Big Data in reaping outsized profits and pushing narratives.Let's connect the dots between these two comments from longtime correspondents: the first is on the model of collecting and selling data (Big Data), and the second on trade:GFB:"If I had a lot of money, would I want to do: A) --invest in the exploration forbidding areas of the globe for oil reserves with a 50/50 chance of no results--negotiate leases for the areas of the planet I want to extract oil in and have to negotiate with corrupt and unstable governments--Pay for the oil extracting and transportation infrastructure--deal with the fluctuating market values - which may make my whole investment worthlessOR B) set up a low cost trap that has millions of people handing me for free, and with their ackno
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