As far as I'm aware the valuation is just data brokering - ie, the people collecting data from apps and selling to advertisers.
That would mean $8T total.
You're forgetting that many of the 8 billion people don't have internet or have very little data being shared.
If we assume 8 billion people and $1 trillion industry, it's only $125 a year. That's the worst case.
If we assume 4 billion people and $4 trillion industry, it's $1,000 a year. That's the best case. Perhaps a little too optimistic, but it's also very easy maths.
Working backwards from my $500 user value with 30% margin for the brokers, that's around $715 in the industry. This could be made from 6 billion people and an industry value of $4.29 trillion.
Maybe $350 per American.
Using the method above, that would be $500 in the industry, and with 6 billion people the industry would be worth $3 trillion.
To get more accurate numbers we would need a specific value for the industry. However, I think we can confidently say the value of user data is in the hundreds of dollars, not pennies as is commonly suggested.
To be clear to others the server issues are due to problems with v0.19, lemm.ee was running great before then. I can only assume the reason it hasn't affected lemmy.world as much is because lemm.ee was very efficient and lean. Now, /u/sunaurus is basically beefing up the hardware and databases to give us excess power.
Sucks that it will be down for a couple hours Saturday though, copying the entire database takes time.
Yeah I assumed that, but the graphic should really make that clear.
You say that as if WhatsApp is actually secure, as if Facebook haven't filled it with backdoors. As if it wasn't the vector for zero click access to Android phones in Pegasus. SMS could not do that (although iMessages did).
Exactly what I was thinking. Girth is just the number of possible characters. A very crude measure of password strength could thus be length x girth.
But wouldn't the pleaded guilty and convicted people overlap?
Also, source article?
It seems so strange to me that everyone buys the bullshit that personal data is worth very little.
The data brokerage industry is a multi-trillion dollar industry. Yet, there are only ~8 billion people in the world, many of whom don't have internet access or have very little data being traded. Thus it's reasonably safe to assume that an average regular internet user's data is worth somewhere in the region of $1,000 per year.
These companies don't do anything with the data. We create the data, they collect it and sell it, then whoever buys it is the one that actually makes something from it. If we allow the brokers a very generous profit margin, they are still stealing $500-700 from every one of us, every year.
Fair point, I didn't realise it had been going on for so long. That in itself is an issue, though I imagine it's an issue Kim Davis is responsible for.
Shame you didn't come to lemm.ee, that's where the real superstar dev/admin is. When the shit had hit the fan, he was front and centre helping other instances out - while his own instance was immune to the bugs/attacks before they even happened.
I would love it if /u/sunaurus@lemm.ee had the time to fork lemmy and make it truly great. Unfortunately he has a day job.
Reply to a long text? More like write a long text in reply to a simple question.