Facebook Ordered to Stop Collecting Data on WhatsApp Users in Germany
I would like to see a federal Staute inacted regarding the collection of user data in the US.  Enacted quickly!<p>Something on the lines of don&#x27;t collect any data, besides name, password, email address.  This information can never be sold.<p>I have weird feeling, in the near future, we will find that information&#x2F;data has been abused.  No just abused by marketing&#x2F;big data, etc..<p>And I&#x27;m not even arguing about the obvious--personal privacy.  Although personal privacy should be the number one reason for this hypothetical statute.<p>I have a feeling, it will be the  next big financial insider trading scandal.  It will involve people we talk about here-- Google&#x2F;Bing&#x2F;FB insiders(the ones who can see individual IP&#x27;s, and their data.), took all that information, and traded stock upon it.<p>I have a hard time believing every email that Warren Buffet&#x2F;George Sorrows&#x2F;every sussessful trader makes isn&#x27;t looked at by someone.  And it&#x27;s not just email; it collating search histories, in order to get a &quot;feeling&quot; of where the money to is to be made.<p>They are then using that info. to invest in stocks, bonds, real estate, etc..<p>And yes, they will claim we don&#x27;t care about getting insider info.  on investments--we make a killing selling the data to marketers.  Why would we do such a thing?  Because you can.  I would have a hard time not looking at that information, and I don&#x27;t have a penny to gamble.<p>I think it will be a huge story.<p>(Edit to a legitimate question about the poor websites that depend on advertising.)<p>Yes--I didn&#x27;t bring up advertising. They could advertise like the old days, like newspapers did. They just couldn&#x27;t target market their advertising--like they presently do at nausium.
I still think they would make their nut. They would still be winners!
And yes--I would pay for the right service, if they couldn&#x27;t manage to compete by being hobbled with not targeted advertising. I paid for many websites before Google made advertising a science.<p>My post has nothing to do with advertising. I get advertising. Just leave my detailed, personal info. out of it.)