A Theory of Social Networks

I don’t necessarily endorse this, but it’s interesting:

  1. Social networks are free, or at least bundled with things like work, family, school and housing.
  2. We’d never pay for technology that supports a new network.
  3. Facebook’s investors gave us another free network but without being able to make money on the bundle.
  4. It therefore takes something from us that we don’t value very much (private information) and sells it to others.
  5. The day may come when we regret this.
  6. Then again, maybe that information is actually worthless.

Inspired in part by a recent Econtalk.

 

Advertisements
This entry was posted in Uncategorized. Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s