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by gentleman11
2282 days ago
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We are trading the personal information of billions of people for the ability for tech startups to iterate quickly, who will for the most part decide on a freemium business model revolving around mining and selling private data |
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Nobody talks about regulated industries with duopoly or monopolies that everyone has to deal with. Tech industry is exotic ain't?
Big companies will still find a way to track you. That won't change. You can pull up a list of all the privacy focused laws released recently and you can still see Facebook and all their products working fine but you never hear about someone who wanted to bootstrap an idea and couldn't invest much upfront to deal with slow expensive law system.
We don't need more regulations. We need more selective punishments proportional to the damage and presence. Not a lame fine that is not proportional to what companies are profiting from . And if you know anything, Facebook is the one lobbying for privacy these days. They are pushing for some of the requirements they are already compliant with to be put into law .