Why Web 2.0 Will End Your Privacy

An anonymous reader writes "This is a pretty good insight into some of the dangers of social networking and website customisation -- marketing and loss of privacy. When marketeers know who your friends are and what you are all into, it makes their advertising a lot more effective. From the article: "Why are the companies worth so much money? Why is MySpace worth over half a billion dollars without a proper revenue model? Why is Digg allegedly pitched at over $20m (at the last count) without any idea of where money is going to be pulled from? The answer is - data. Information. Marketing. Every detail about you and me. That is where the money is."

Comments

FUD

[Lord_Dweomer]

Time for my usual preface I give when I comment on advertising stories.....I'm an advertising executive, so while you may consider me biased, I also have a lot of insight into an industry that most people just make snap judgements about. And believe it or not, I'm actually a strong advocate of privacy in all forms.

Do "Web 2.0" sites give marketers more information about users? Yes.

Is this an invasion of your privacy? Absolutely not.

You are WILLINGLY entering this data into these sites and if you read their privacy policies they clearly state how it will be used. Don't want to share this info about yourself? Don't use the site. There is no invasion going on here. They are not hiding spy cameras in your room watching what you do on the computer.

Also, better targeted advertising != more advertising. Unfortunately, what happens is that many of these Web 2.0 sites rely on advertising revenue for their business model, thus why sites with large subscriber bases are worth a lot.

Lots of eyeballs = $$$$

So the owners of the sites then realize, "hmmm...I can make more money if I put more ads on the site!" and thus you have ad creep. However advertising that is more narrowly targeted is actually a good thing. Unless you have adblockers running, you WILL see ads on the internet, and rather than bitch and moan about how you want nothing to do with those sites that are being advertised, ads that are more highly targeted will have a better chance of showing something relevant to you that you might actually appreciate an ad for.

And for those of you who claim advertising is useless and it never affects you....you are liars. Period. Next time you make ANY purchase, take a moment to think back to the last time you saw an ad for that product. If you can remember seeing an ad for it, then you were subconsciously influenced by that ad (even if it was by a tiny amount) and your brand awareness increased when you saw the ad. This isn't something that is debateable, it is a logical fact.

Bottom line? If you don't want advertisers to show you more relevant ads, don't use Web 2.0 sites that collect and share this data. If you don't want more ads install an adblocker or blame the owners of the sites whose business models rely on advertising and thus fall victim to ad creep.