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kleinbl00  ·  3071 days ago  ·  link  ·    ·  parent  ·  post: Reddit is still in Turmoil

    facebook works by flat out collecting every scrap of data about you it can and selling it to every advertiser and swindler with a checkbook. Then it locks in the user eyeballs and feeds them the content that will keep them fat happy and too lazy to go elsewhere.

And it's super-effective. We pay Facebook $1 a day and fully 80% of our links are from Facebook, 40% paid, 50% organic. We pay Yelp $5 per click and they've gained us three.

Facebook effectively said "fuck your internet, we're doing this thing instead" and it totally worked.