Here is my question. Who is paying for it all to get to a 1000 bucks bounty per person / year?
The same question, who is paying for all the data collection they do on customers?
You keep hearing about xxx billion dollar industries but where is that money coming from? The add and data collection industry in the US is probably a trillion dollar market or more, but ... does it really work? Sure, focused ads on some youtube channel about product that may be of interest, but all the rest is such a mess.
I do not buy more stuff because some ads showed up. Sure, they can be informative that there is a new car released, or something like that. But there is no desire to buy XXX cleaning product because they spammed it on TV.
Same argument with "what use is getting all my personal data, down to the things we do in bed". Sell it to specific companies? But what do they really gain from it. It does not feel like we are getting better products as a result of all that user data. O, people are not happy about Y product. You do not need invasive data collection for that, you see it in your revenue numbers.
It often feels like a lot of industries are just there to self sustain themselves. Nobody ever got fired for buying advertisement or personalized data. So companies keep spending on it, people keep pouring over the data, analyzing it, but its like nobody has common sense and its all a scam that inner feed itself.
I am not saying that advertisement does not work to grow a product, but especially unknow one's but the moment product reach a specific mass...
When you look at the $$$ on hourly basis rather than yearly it all drops to cents. Basically its become very cheap to flood everyone with ads. And since Attention is a scarce resource we get everyone who wants to capture attention trapped in an arms race for it.
The big threat to the whole system is when the amount of time per day people spend consuming media starts to drop thanks to fatigue and finding better things to do.
The same question, who is paying for all the data collection they do on customers?
You keep hearing about xxx billion dollar industries but where is that money coming from? The add and data collection industry in the US is probably a trillion dollar market or more, but ... does it really work? Sure, focused ads on some youtube channel about product that may be of interest, but all the rest is such a mess.
I do not buy more stuff because some ads showed up. Sure, they can be informative that there is a new car released, or something like that. But there is no desire to buy XXX cleaning product because they spammed it on TV.
Same argument with "what use is getting all my personal data, down to the things we do in bed". Sell it to specific companies? But what do they really gain from it. It does not feel like we are getting better products as a result of all that user data. O, people are not happy about Y product. You do not need invasive data collection for that, you see it in your revenue numbers.
It often feels like a lot of industries are just there to self sustain themselves. Nobody ever got fired for buying advertisement or personalized data. So companies keep spending on it, people keep pouring over the data, analyzing it, but its like nobody has common sense and its all a scam that inner feed itself.
I am not saying that advertisement does not work to grow a product, but especially unknow one's but the moment product reach a specific mass...