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by mtbcoder
2445 days ago
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Wholesale data collection has become normalized in the US. For-profits, non-profits, it doesn't matter the industry, everyone is obsessed with capturing as much data as possible and believe it's just the standard way of business. No one outside of HN cares about PII or has an understanding of things like GDPR (it's just for the Europeans). Consumers are clueless or otherwise feel hopeless. |
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Everyone is not obsessed with turning data into revenue. Most smaller tech companies (ie. Sub billions in revenue) are not in the game of monetizing data. My feeling is the market exists mostly between very well establish and very large companies (such as ISPs, advertising networks), but that same market doesn’t exist between newer / smaller companies that haven’t reached massive scale.
To anyone in the EU: is GDPR something that your non-technical friend will have heard of and knows what it is? Or is it similar to the US, where 75% of people probably haven’t heard of it or if they have, couldn’t say what the regulation does.