You do wonder what you can and cannot believe today and thanks to Mike Arrington, here’s the page with the US Patent application. Again we all know that selling data is the name of the game here and has been for quite a while. It’s really very sad that the company has evolved the way it did as it’s a far cry from what we had out there even two years ago.
So why would a company file for such a patent? I’m just asking here for a motive? Is the data selling business that competitive with all the steroid marketing we see out there today. Millionaires have been made several times over selling it. Walgreens publicly said not too long ago that their data selling business is worth just short of $800 million, so are providing prescriptions and drugs a side line business in order to keep the profitable data selling alive? It does make you wonder what type of a business model is in use here. We all know that by business business intelligence algorithm rich software that new models can be cranked out in as little as 48 hours sometimes, and the few extra hours are for the humans to approve it and make decisions to roll it out.
This is a whole other world that functions behind the scenes here with the use and control of data, why? Looks at the millionaires it has created and it’s again a huge disappointment to me to watch this continue to evolve. So who do you believe anymore? I tend to look at facts and how the algorithms work rather than words spoken these days. Even our folks running for office don’t understand the processes and thus we have the side shows and everyone flapping in the wind today with promises with a non predictable future as the algo continue to run and shift money.
This is where it’s at folks a scary and sad reality of trying to sustain an economy built on algorithms and selling of information. Government entities run by executives without enough IT knowledge are confused as well, just read the post below and you can see how the movement and the math is way over their heads and the idea of “it’s for those guys over there” continues to grow as they have long tuned out with participating or learning how it works.
HHS Seems To Be Confused on Social Networks–Facebook for Disaster Support Contest, Give Me a Break Use Twitter Like Everyone Else Does
This is a good article here that shows how political candidates can hire geeks that know how to work the social networks with bots to promote themselves and the Truthy project is taking a look at how they function and the geeks hired to create the bots.
Twitter Bots Fake Conversations and Affect Search Rankings with Contrived Algorithmic Web Chatter That Really Does Not Exist
I said a while back that those who sell data should be required to buy a license to do so, disclosed who and what they sell, and then last but not least, tax it. I know we can’t stop some of this type of activity but we could raise money and slow it down a bit. Our lawmakers still think they can regulate this but it’s way beyond their comprehension. When Google testified in front of Congress, the asking of the question of “is this some kind of secret sauce” kind of proves it.
In the intelligent world we call those algorithms. In the financial area we call some of the algorithms used “circuit breakers” so again we don’t use real terminology out there and have to break it down to maybe the language of a fifth grader, it just reminds of the show that asks if one is smarter than a fifth grader at times. Think about it, why does that show exist?
Privacy Wanted–So Let’s Require Those Who Sell Web Data to Register and Tax the Transactions and Publicly Disclose Who They Sell To With a Federal Registry
What even is scarier yet is the Supreme Court having to rule on all of this, with technologies they don’t understand or use and they don’t have the knowledge on how to gather all the facts they need to make a ruling sadly, and this is a scary reality of how portions of our government operate today.
Supreme Court Likely to Rule on Healthcare Law Early Next Year–This Gives The Justices Time to Rent Some Computing Space from the DOE As They Will Need It
It is what it is and the longer we take to acknowledge the reality, the worse it gets. Again, nice post from Mike Arrington and thank goodness we have some in the country that can see this. Mike know code and how it works and is doing his part to share the reality and his links to see the entire picture are below so check it out if you desire, the patent is all spelled out and is quite lengthy and detailed. I’ll include one final link here you might want to look at and view the video about mathematical deception as it’s alive and well out there and this is driving of the insanity along with digital illiteracy with lawmakers and those in executive positions today and we all lose and are fleeced due those couple of facts. It’s not all bad out there though and accurate analytics do make us smarter so this is not a rant to stop that process by any means, but rather just to admit and take action against those who do it for profit while creating digital gratification algorithms that addict and profit from it while turning us all into a “product to sell”.
“Numbers Don’t Lie, But People Do”–Radio Interview from Charles Siefe–Journalists Take Note, He Addresses How Marketing And Bogus Statistics Are Sources of Problems That Mislead the Public & Government
Facebook is not alone and there are others doing it too but their platform to build upon even allows more to join the same “data cash cow” and when you look a patent application straight in the face, well, what do you think? The banks all get this as they have their own extensive collection of algorithms they have used themselves to re-arrange the money in the US and world for that matter. This has gone on for years so they are quick to stick a very high value on the algorithms as it lined their pockets well, but now a bit of transparency is bringing some of this to light, that is for those who want to see and recognize what the real underlying problem is. I would have not had a clue on the existence of the patent without the research here of Mike Arrington myself. BD
“Facebook does not track users across the web,” – A Facebook spokesperson on September 25, 2011
“Generally, unlike other major Internet companies, we have no interest in tracking people.” – Facebook employee on September 25, 2011
“A method is described for tracking information about the activities of users of a social networking system while on another domain.” – Facebook Patent application dated September 22, 2011