this post was submitted on 10 Nov 2023
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And for those who pay, they will still probably sell their data to advertisers and hike the prices in 2-3 years.
They don't sell the data. It is used by Facebook to identify you and your interests and advertisers then pay Facebook to use this information to target their desired audiences with relevant ads. The data stays with Facebook. It's misleading to to say that they're selling your data because that's not exactly what's happening. Advertiser has no use for the user data itself. Advertising platforms do.
They don't sell the data, they sell access to the data and some other things they calculated from it. That's just semantics at this point.
I don't think it's just semantics, when many people literally think they're handing over your data to a third party, when that is not actually the case. That would be significantly more concerning than what they're doing now, which already is concerning enough.
erm...Cambridge Analytica?
They didn't sell that data either
True, they just pretty much gave them away