Re:View: Warren Buffett and the Myth of the ‘Good Billionaire’
by bobiny on Tuesday June 29, 2021 @09:52AM
(#27675768)
They don't have dibs on natural resources like oil or physical space like with railroads. In theory skillful people can create better analogues of Facebook and Instagram that would serve less ads, be more meaningfully engaging, collect less data etc.
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Re:View: Warren Buffett and the Myth of the ‘Good Billionaire’
by gugagore on Tuesday June 29, 2021 @10:03AM
(#27675887)
That makes sense.
If you expand "natural" resource to include something pertinent to network effects (e.g. human attention is a resource) then I see that as the beginning of an argument in the opposite direction.
Re:View: Warren Buffett and the Myth of the ‘Good Billionaire’
by bobiny on Tuesday June 29, 2021 @09:56PM
(#27684058)
They don't have an ownership right on attention. Railway company might have some unique long term lease on the land. Each user can extract their data with takeout, delete account and if they must – use another service.
Re:View: Warren Buffett and the Myth of the ‘Good Billionaire’
by 2OEH8eoCRo0 on Tuesday June 29, 2021 @10:07AM
(#27675935)
They have dibs on a natural resource called personal data.
Re:View: Warren Buffett and the Myth of the ‘Good Billionaire’
by bidirectional on Tuesday June 29, 2021 @10:13AM
(#27676021)
Do they? I'd wager Google knows a great deal more about me than Facebook.
Re:View: Warren Buffett and the Myth of the ‘Good Billionaire’
by skinkestek on Tuesday June 29, 2021 @10:22AM
(#27676158)
Maybe.
In that case I must be a very special case or they are absolutely clueless or something.
I see nothing but idiotic ideas coming out from Googles knowledge of my data:
- absurdly irrelevant and even insulting ads. I can easily count on one hand the useful ones I have got (one for a local shop and one for Jetbrains products I think).
- Google Now suggesting in the middle of the night that I should text the boss two levels above me or call a random girl I once helped with a computer(!)
Re:View: Warren Buffett and the Myth of the ‘Good Billionaire’
by bobiny on Tuesday June 29, 2021 @10:04PM
(#27684092)
Same. I think these AI companies make too many assumptions on what people want and need. It's like people are lab mice they watch in terms of some experiment, but don't communicate with beside asking to name interests like technology or cryptocurrency and rate the quality of the call.
Re:View: Warren Buffett and the Myth of the ‘Good Billionaire’
by bobiny on Tuesday June 29, 2021 @10:16PM
(#27684168)
I agree in some respects. It's hard to leave Google and Facebook because their accounts are used to login to other sites and services. Also when you buy apps and switch mobile OS you don't have a right for a free copy of this app from a different store, i.e. not real ownership because your app is tethered to the store.