Are They Giving Away Their Data?

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Facebook has all this excess data, and they trade it to get all other data. They're trading with Yelp, for example, right? What does Yelp end up having? Yup, ends up having local restaurant data and Facebook data. And then Facebook is sending a TripAdvisor, and they have travel data,. So those companies are in better shape. But where's Facebook? Facebook now has personal data, plus restaurant data, plus travel data, they get all of it.

Ben and James discuss Facebook’s current crisis, and why almost everyone misunderstands what the company did wrong: the problem isn’t advertising, it was Facebook’s desire to be a platform.

Presented by WordPress.com: Get 15% off on a new site by visiting WordPress.com/Exponent.

Links

James Allworth: What the F*** Was Facebook Thinking — Medium
Ben Thompson: The Facebook Brand — Stratechery
Ben Thompson: Tim Cook’s Unfair and Unrealistic Privacy Speech — Stratechery
Mark Zuckerberg’s Reckoning: ‘This Is a Major Trust Issue’ — The New York Times
Ben Thompson: Mobile Makes Facebook Just an App; That’s Good News — Stratechery
Nicholas Thompson: Mark Zuckerberg Talks to Wired About Facebook’s Privacy Problem — Wired
Ben Thompson: The Voters Decide — Stratechery