[citation][nom]fyasko[/nom]soo, the only thing they do is data mine? people willingly give up every tid-bit about themselves, just so a website can turn a profit? in today's world information>$... i don't have facebook because i don't want to take part in handing over my info just so they can turn my profile into $...[/citation]
really dude? Why be this pessimistic? Im not necessarily a fan of facebook nor do I particularily like or care about the direction its taking our culture but It is tool for more efficient distribution of economic information among the consumers and gives the market better access to the individual consumers deeper than vanilla demographics. This is good for making the economy more complex because consumers become more knowledgeable about their options. This in turn allows manufacturers measure economic demand more accurately as well as to make more highly specified products for niche markets that were relatively unknown previously. It provides, if I may coin an adhoc term, 'information liquidity' by exposing unknown niche markets and thereby allowing smaller manufacturers to achieve much greater economies of scale.
So yes, Facebook wouldnt be valued at $70 billion if it didn't provide something of economic value, which is exactly what feeds people and pays for research. Geez.
really dude? Why be this pessimistic? Im not necessarily a fan of facebook nor do I particularily like or care about the direction its taking our culture but It is tool for more efficient distribution of economic information among the consumers and gives the market better access to the individual consumers deeper than vanilla demographics. This is good for making the economy more complex because consumers become more knowledgeable about their options. This in turn allows manufacturers measure economic demand more accurately as well as to make more highly specified products for niche markets that were relatively unknown previously. It provides, if I may coin an adhoc term, 'information liquidity' by exposing unknown niche markets and thereby allowing smaller manufacturers to achieve much greater economies of scale.
So yes, Facebook wouldnt be valued at $70 billion if it didn't provide something of economic value, which is exactly what feeds people and pays for research. Geez.
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