Social media has become a sedimental part of our life since 2010s. In recent years, public awareness against social media’s privacy policies has increased, leading to distrust towards social media apps. This essay will discuss why privacy is fundamental, and will also illustrate how firms can earn money even without advertisements.
It is certain that a lot of social media apps collect data from her users even including collecting voice records, for personal advertisements. It is easier, for companys to sell products when they privatize promotion for you. For example, if you speak a lot about couches when your phone is with you, you will definitely see a couch promotion when you boot up your favorite social media platform. While it can be good if it’s used solely, for advertisement, it is revealed recently that Facebook sold its users’ data to Netflix which increased our concern about our privacy.
Another way for firms to make money is creating a user-friendly market,|for product manufacturers to sell their product, and getting 10% commision from it. While attracting more people to the platform, apps can profit aswell. For instance, there are a lot of personal users in Instagram that are trying to sell their hand-work products, whom may benefit well from this market. This simple, yet profitable solution can make advertisements disappear, and can host a user friendly market.
Social media is a dangerous place, for all who want to stay private. This essay discussed why it is horrible and terrifying that a majority of online platforms collect personal and major data. It also proposed a concept, for sustainable market which users and platforms can benefit. Overall, firms should respect their users’ data and look, for better alternatives rather than personalized adverts.