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Honestly, I'm kind of sick of how bad a rap advertising gets. Now sure, companies knowing a lot about your personal life is creepy on an intuitive level, but the fact of the matter is that cookie tracking data has NEVER been associated with any leak or data breach that resulted in personal harm. The thing people SHOULD be worried about is stuff like the Experian leak, where credit companies collect your non-anonymized personal data. Also, fact is that matching consumers with products that they like doesn't just have enormous business value, but is actually socially positive! If you can more easily reach a niche audience, you can build better more targeted products. And the open data exchanges were a great moat against platform centralization like FB. The fight against open data exchanges make the comparative advantage FB has in advertising to you larger. That's actually pretty bad, because FB has some pretty bad incentives wrt to the attention economy and optimizing for engagement. A world where advertising on independent websites is effective is a much better one - it would let websites put out better content, it would decrease the power of social networks, it could fund better journalism (which is being decimated right now), etc. |
Well, sometimes. But what people want is not always good for them or for society at large. Targeted advertising has a side effect of hiding what exactly is being advertised to society. There's obviously the extreme cases of "vices," but what about things like junk food? People love it. Targeted advertising can induce cravings that make people buy and eat things they know are not good for them. Or for another example, what about pesticides and gas guzzling trucks? I don't want all my neighbors' vanity being exploited in order to pollute my neighborhood. We can openly talk about what we all see on TV, in newspapers, or on billboards, but if I'm not seeing the same ads as my neighbors online, those conversations aren't going to happen.