Comment by rkuodys
15 days ago
Is't the fact that data is valuable for somebody, does not mean that it has a cost (price) for me? Spending data is definitely valuable for seller / corporation to know what to produce. I, on the other hand, cannot get money by saving information.
It's not zero sum game, that either I have it or seller have value out of it. Just like with garbage - for me old broken furniture might be a garbage, while for other it's a burning fuel.
I think the OP is right in that spending data is valuable as a mechanism to figure out how extract more profit, which in the end will have customers paying that price.
However, it doesn't need to be exclusively negative. The data will both show where you can price gouge but also simply where demand is.
Put your coffee shop near a metro stop and sell sourdough bread and people will buy that because they want it isn't exactly negative.
That data is used in some alarmingly manipulative ways that directly affect your life.
I personally don't really see the problem. I'm not going to buy something I don't want/need. If they use the data to show me ads for something I want that then leads me to making a purchase, to me that seems like a win/win.
I'm generally a pretty frugal person, I have a good handle on my personal finances and I don't really buy much stuff at all. Maybe for someone else, shopping can be similar to an addiction where they see an ad and they know they shouldn't buy it but they can't resist. Women with a closet full of shoes come to mind. For those people I can see how this might be problematic but personally I largely ignore ads altogether. If I need a small thing I just go to the nearest store and buy the first best thing I find, if I'm making a more significant purchase I generally do some research and look at tests, user reviews etc. Sure there's some opportunity for manipulating me with fake/biased tests and reviews etc but I'm not really seeing how my spending info helps with that.
If you have time and are interested I highly recommend reading Privacy Is Power by Carissa Véliz https://www.penguin.co.uk/books/442343/privacy-is-power-by-c... https://annas-archive.gd/md5/11585979e43939b8175e1cba336bc9f...
If you don't have time, you can find brief but less compelling argument here: https://www.privacyguides.org/en/basics/why-privacy-matters/
Imagine you walk up to a shelf and all the prices reconfigure based on a model of the most you would be willing to spend for each item, including putting fake "normal" prices so that the "sale" price you are shown is whatever percentage markdown makes you likely enough to buy.
There's no advertising here, there's just aggressively trying to drain each person's wallet as much as possible and seeing how far you can get before they change behaviour.
One example: my friend and I both requested rides using the same app, standing next to each other to the same street in the same neighborhood 3-4 miles away. He owns a car and rarely uses car services, I do not and it's my primary transportation. The quoted cost of his ride was half mine. It was shocking.
1 reply →
The only reason it's valuable is because of it's utility to extract value from you. Not just money either but for instance the power to manipulate.
It's not a scientific discovery.
But something can be valuable to somebody without hurting you. For example if you participate in study as a member of control group. There is no impact to your life and huge benefit to whoever is producing the research. Similarly waste collection businesses take something that has no value to you and generate profit by modifying your waste into something valuable. That is to say - the fact that somebody gains value does not equate that you are loosing the same value.
A scientific discovéy is innately valuable.
THIS data has no value to the people collecting it except for the power it gives them to predict and/or manipulate you.
In the UK, google extracts one average lifetime retirement savings per person in revenue, on average. You could argue that Google’s customers, like advertisers, propaganda firms, etc, all overpay for the data.
That seems unlikely, since I don’t see how many of them could be profitable if they were paying Google more than their own revenue.
> In the UK, google extracts one average lifetime retirement savings per person in revenue, on average.
Those numbers don’t make any sense. Alphabet had 403 billion in revenue in 2025. The UK’s population is around 69,000,000. This amounts to $5,840.57 per person, which is nowhere near a lifetime of retirement savings.