Facebook says you are NOT the product — and points in a different direction [MarketWatch]
Meta Platforms, Inc. - Class A (FB)
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Source: MarketWatch
Facebook says you are NOT the product — and points in a different direction If you aren’t paying for a service, the old adage goes, then chances are that you are the product. But Facebook FB, -3.71% asserted otherwise in a blog post on Monday explaining its advertising policies, saying that its product is social media, not the users themselves. “It’s the same with a free search engine, website or newspaper,” Facebook wrote. “The core product is reading the news or finding information — and the ads exist to fund that experience.” The company’s claim that users are not the product is disingenuous, said Bill Ottman, social media security expert and CEO of Minds.com. “The fact that users do not have the ability to opt-out of personal data collection makes users the product, with no sovereignty,” he said. “Facebook’s claim that all free search engines, websites or newspapers do the same is a clear deflection. Poor behavior, regardless how many people or businesses participate in it, doe
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