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In defence of newspapers and serendipity
(Blogged our thoughts here, links to the CA and various other stories)
but I understand that Facebook still collects the data. Personally, I
don't really care. Microsoft tracks my Web activity too, and so do
lots of other browser toolbars and plugins.
And what is "the honourable thing they should do with my data?" I
couldn't care less if they come up with some behavioural profile of me
based on my browsing behaviour -- in fact, if that stops them (or
other sites) from serving me wildly inappropriate ads, then I'm all
for it.
But, I still think this is all part of a much more fundamental issue. Facebook has gotten their business model wrong. Providing a service for free and getting the revenues via advertisement (basic web 2.0) only works as a business model if the advertisement actually provides the user value. That is why Google takes 75% of the advertisement market. They provide value when they attach advertisment to search. SocialAds and beacons on the other hand aren't meant to provide value to the user. It is a value driver for the advertiser. So the business model is fuelled from the wrong side. It makes Facebook a walled garden service trying to leverage network value instead of user value. And where Facebook is stuck on their own platform, Google works in a slightly different walled garden. It's called the entire web ;-)
distinction. It's likely that more people would see Beacon as a
worthwhile tradeoff if they actually felt they were getting something
out of it, but instead it feels like they are just being taken
advantage of -- which of course they are.
I think to an extent if people trust you they will shift the line your way, but if they lose trust - as in Facebook's case imho - then they start to retract that line.
Overall though I sense that Europeans (in general) are more concerned about privacy, for eg if you look at the difference in the EU vs US Data Protection laws - so this will be an interesting battleground as well.
I also believe that youth do not value privacy as much, but that may be more due to naivete than any major cultural shift.