Hacker News new | ask | show | jobs
by lostlogin 634 days ago
User data is a liability, not an asset. However this is untrue when breaches, leaks and misuse aren’t prosecuted. It’s a shame we have ended up here.
2 comments

This is only true if the cost of storing user data is greater than the profits it generates. When companies are allowed to sell out users and punishment for data leaks are just seen as the cost of doing business then why would you not store whatever data you can get your hands on?
> User data is a liability, not an asset.

Yeah Google and Facebook are all losing money in those liabilities.

No theyre not, they're printing money because user data is an asset. Stop repeating silly sound bytes.

User data is only an asset if your business model demands it, like Google and Facebook. If you don’t have, and won’t create, a way to monetize it then yes, it’s strictly a liability.
It's not that it is a liability, it's that it should be. Likewise, it currently is an asset, but shouldn't be monetizable.
When you quote part of my comment, it give a different message. Clever!