That $30k number is goofy. It would cost a lot to get *me* to opt out of search engines, email, etc because I'd be at a massive disadvantage to the rest of the world. If we all had to pay $30k/yr for that, we'd live in a different world where no one would really pay it.
To one of its users, Google is worth about $30,000/year (https://www.economist.com/graphic-detail/2018/04/25/how-much-would-you-pay-to-keep-using-google …). To Google, one of its users is worth about $10/year (https://www.forbes.com/sites/tristanlouis/2013/08/31/how-much-is-a-user-worth …). Google is the biggest free lunch in history.
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Can also complain that this seems related to the Endowment effect (except the service is denominated in attention) but then, this is a hypothetical amount not actual. It's also muddied by the existence of alternatives (conflating internet map with google maps or email with gmail)
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Given that median per capita personal income in the wealthiest countries is much less than $30k/yr, this really doesn’t make a lot of sense
Kiitos. Käytämme tätä aikajanasi parantamiseen. KumoaKumoa
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Then the question is: can we pay G or other similar firm 10 dollars + tax a year to gain more control and privacy benefits?
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@pmddomingos if your valuation is right then@Google would be irrational not to take this trade - or am i missing something? - Näytä vastaukset
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Someone’s garbage could be another persons gold
Kiitos. Käytämme tätä aikajanasi parantamiseen. KumoaKumoa
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The data one user provide I am pretty sure worth more than $10.
Kiitos. Käytämme tätä aikajanasi parantamiseen. KumoaKumoa
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Good insights. This is from 2013. Any updates based on 2018 data?
Kiitos. Käytämme tätä aikajanasi parantamiseen. KumoaKumoa
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This who is worth how much to whom reminded me of this:https://www.project-syndicate.org/commentary/social-ownership-of-google-big-tech-by-yanis-varoufakis-2018-10?barrier=accesspaylog …
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I was really hoping that this was going to be a variation of the Monty Python's Life of Brian sketch. https://youtu.be/uvPbj9NX0zc
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