For Facebook maybe, but Google was a large and successful business before its 'personalized' targeting was really that advanced. AdWords ran for a full four years without any kind of search personalization, and up until 2012, it was possible to turn off search personalization entirely. Google made $37bn in 2011. [1] Google Display Network, the area of Google's business that would most obviously be disrupted by a move toward strong user privacy, only makes a fraction of that still. [2]
While I completely agree that Facebook would struggle without behavioral targeting, being able to buy ads on a PPC basis for users with 'intent' will always be a valuable product for advertisers, regardless of targeting.
[1] https://www.wordstream.com/blog/ws/2012/01/23/google-revenue...
[2] https://www.statista.com/statistics/266245/advertising-reven...
But as a company it never really needed to do those. Heck, Google doesn't even need to be in the self-driving business.
I think it's a failure of competition and anti-trust laws that companies are allowed to grow this big to get their fingers into all the pies out there. The only reason they even go into all of these different industries is because they've made so much money they don't know what to do with it.
Sooner or later we're going to have to deal with this rampant increase in monopolies and we'll have to take some drastic measures to do it. We may even have to break-up companies such as Google, Amazon, Facebook, Walmart, Comcast, Disney, Goldman Sachs, and others, because they were never supposed to turn into such large conglomerates. The fact that they did was a failure of competition laws to stop them from growing this big in the first place.
Comcast, AT&T, and Verizon are now allowed to spy on you, then buy media and ad companies, and then use that data to manipulate you for political purposes so you end-up voting for the candidates that will help them further consolidate their power. We should have put a stop to that along the way.
Per Thiel's "theory" (as seen in Zero to One) most of Google's "failures" are a cover for their search monopoly.
You can also be targeted with ads based on emails you receive in Gmail - it was possible to target down to keywords in emails, but that was discontinued. Now, the emails you receive, domains your getting them from etc. influence signals, that puts you into an 'audience' that can be used for targeting across the Google network.
Without the ability to do targeting, or personalization, as Google calls it, their business will fall apart. Everything they do is geared to collecting more information about users to improve "personalization" - from Google Assistant, to Google Home [2]. It's so advanced that your experience (results) on their platfrom, especially within Search -- will be unique to you.
Google will fight alongside AT&T, Comcast, etc to protect their business model, in-fact Google is trying to reach their ranks with the 5G war [3]
[1] https://searchengineland.com/google-adwords-in-market-audien...
[2] https://twitter.com/benthompson/status/864293485439893505
[3] https://www.bloomberg.com/news/articles/2018-03-29/google-le... - (search for: Spectrum Access System )
If ISPs are going to monetize customers traffic then their terms of use better damn well call that out.
There is potential here for new business model for privacy based ISPs (ex: think duckduckgo for ISP) where customers pay a premium for such an offering.
Mind you many of them have no idea, but as their goto I could make a smart recommendation and they would likely follow.
Oh! And package it with a better than average 2FA. Maybe a Yubikey or similar.
More or less sec in a box. Perhaps not 100% complete and bulletproof but better than the current situation.
But from what I've heard practically anywhere in Europe, and definitely in Japan.
as an american living in a major city, this exceeds my wildest dreams of internet service.
It's one of the negative consequences of mainstream media / political free market rhetoric considering regulation harmful.
Well regulation can be harmful if it protects the incumbents and prevents the introduction of new players. Lobbyists are usually pushing for more regulation, not the opposite.
It's not about regulation or not regulation, it's about what kind of regulation makes sense for a free market.
Given enough opposition, Verizon, Comcast, etc, could strongly embrace personal data privacy and still continue as companies. Yes, they'd lose a business opportunity, but they still make a lot of money selling you internet access and that wouldn't go away. The same is not really true of companies like Google or Facebook. Collecting and making money off your personal data is the foundation of their business. Strongly protecting your privacy would require them to change their entire way of making money.
I think you could argue either way whether Google or Verizon has more ability to spy on you, but Google absolutely has a stronger business motivation to collect your data than Verizon does.