Posts Tagged ‘social networking’

Internet_map_1024

What I’ve been saying since the mid 90s:

NY Review of Books:

“For the moment, however, the crucial monetary driver is not what the Internet will be worth, it’s the spread between what it costs to buy personal information (not much) and how much can be made from it. When Wall Street puts a value on Facebook or Google and other masters of the online universe, it is not for the services they provide, but for the data they collect and its worth to advertisers, among others. For these Internet companies, the convenience of sending e-mail, or posting high school reunion pictures, or finding an out-of-the-way tamale stand near Reno is merely bait to lure users into offering up the intimacies of their lives, often without realizing how or where or that those intimacies travel.”

“…it was reported in Der Spiegel that “it is possible for the NSA to tap most sensitive data held on these smart phones, including contact lists, SMS traffic, notes and location information about where a user has been.”