The Eve Gene She Reigns Supreme TriniCoCo SipsTea Hey 👋🏾
And yet, people complain about MP...Smh
In 2012, Facebook earned $5.08 billion USD. $117 billion USD in 2021, which is up 36% from 2020. Most of Facebook’s revenue is from advertising, which totaled $114.93 billion USD in 2021.
𝗧𝗵𝗶𝘀 𝗶𝘀 𝗵𝗼𝘄 𝗺𝘂𝗰𝗵 𝗺𝗼𝗻𝗲𝘆 𝗙𝗮𝗰𝗲𝗯𝗼𝗼𝗸 𝗲𝗮𝗿𝗻𝘀 𝗳𝗿𝗼𝗺 𝘆𝗼𝘂𝗿 𝗱𝗮𝘁𝗮 𝗲𝗮𝗰𝗵 𝘆𝗲𝗮𝗿!
Facebook may be free to use, but the trade-off isn't just annoying adverts: your data is being harvested and sold for way more money than you might imagine. Most people – and I don’t think I’m going out on a limb by saying this – understand the basic transaction that happens when you use free web services such as Gmail and Facebook.
They certainly aren’t free to run: it costs a lot of money, from the servers and storage to staff, offices and beyond. When you sign up for a free account, you accept the terms of service which, of course, you don’t read. Who does? Those terms usually explain – in hard-to-understand legalese – that in return for letting you use the service for free, you allow the company to sell your data to other companies. That, along with all the adverts which pepper your inbox or social media feed, is what pays to keep these services running.
The data can be obvious stuff like your name, address, gender, age, marital status. But data can also be your current location, the make and model of the device you’re using, how long you spend using the service and even more detailed information than that. Companies will pay good money to know your search history, which products you’re thinking of buying, where you’re planning to go on holiday and then advertise those things to you.
None of this is likely to be news to you because, no sooner have you looked at a pair of shoes, there’s an advert on your Facebook feed for those exact shoes.
What you probably don’t know is just how much all that data about you is worth.
People are blissfully unaware that 𝙵𝚊𝚌𝚎𝚋𝚘𝚘𝚔 𝚎𝚊𝚛𝚗𝚜 𝚞𝚙 𝚝𝚘 𝚄𝚂$𝟿𝟶𝟶 𝚙𝚎𝚛 𝚢𝚎𝚊𝚛 𝚋𝚢 𝚜𝚎𝚕𝚕𝚒𝚗𝚐 𝚎𝚊𝚌𝚑 𝚞𝚜𝚎𝚛’𝚜 𝚙𝚎𝚛𝚜𝚘𝚗𝚊𝚕 𝚒𝚗𝚏𝚘𝚛𝚖𝚊𝚝𝚒𝚘𝚗 𝚝𝚘 𝚘𝚝𝚑𝚎𝚛 𝚌𝚘𝚖𝚙𝚊𝚗𝚒𝚎𝚜.
Facebook has 58,604 full-time employees as of December 2020.
Zay Fucifino
Delete Comment
Are you sure that you want to delete this comment ?
The Eve Gene She Reigns Supreme
Delete Comment
Are you sure that you want to delete this comment ?