Tech Giants Should Pay Users

A user’s content and browsing history are monetizable assets.

Rather than tax, regulate or break up Facebook and Google, we should ask that they pay for the monetizable assets that they have so far mined for free. These assets are a user’s content and browsing history.

As with all types of mining, the tech giants have developed an innovative technology that they combine with an exogenous asset (an asset obtained from someone else) in order to make money. In their case, it is information and data. In the case of a traditional miner or oil company, it was copper or zinc or oil, or other resources.

Chuquicamata-002-5b4b5a0d46e0fb005bb08080
Mining before data mining. (Photo: Reinhard Jahn CC BY-SA 2.0 de, Wikimedia Commons).

Read more