In the netPosted: August 3, 2019
In a social network economy
Where the business model for major platforms is arbitraging users’ attention
And where stakeholders benefit from app user addiction
Which means users’ attention has to be captured perpetually for the value proposition to flourish
In such an ecosystem, one feels there’s justification for the concerns
When user attention is bought by big tech and instantly sold to advertisers with the highest bids
In a social media market where arbitrage opportunities are always open
And where they are in fact preserved and propagated
But at what cost?
What are the consequences of hacking users’ neurocircuitry to intercept rational thinking and sound judgement?
What will happen to a civilisation whose decisions about what to seek from life
What to enquire about the world
And even how to utilise time are influenced by forces not commonly understood?
And how will online data privacy be guaranteed to users of products that are paradoxically meant to deliver highly personalised service?