Hacker News new | ask | show | jobs
by throwaway_law 2424 days ago
Although a tangent, its impossible to read this and not ask:

Why aren't all the big tech companies generating revenue from customer data...customer owned?

1 comments

Same reason most businesses that are generating wealth from employees are not employee owned?
Generating wealth from employees, has nothing to do with generating wealth from customer data.

If what is of value is customer data, customers can and should own and control the entity generating the monetary value from their own data.

So initiative, organization, access to information and bargaining power
Employees at least get paid, knowledge workers sign over their intellectual property in exchange for a salary. There is no concept of data ownership, but there could be something similar. Imagine companies having to license your data and pay you a stipend or the like.
Your compensation is in the form of services rendered.
Yes, that is the big tech talking point.

However, the reality is big tech needs customer data, customer data does not need big tech.