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Which is why this meme is a half-truth. Other examples include old-world companies like magazines and banks selling our data despite us paying for the service.

Even in areas other than privacy, my bank mistreats me far worse than Internet companies like Google and Twitter.

Not to mention that in a multi-sided ecosystem, Internet companies need to keep both users and advertisers happy, so even if you're not paying, your desires still factor into the decision.

To be clear, I didn't say this meme is a lie, just that it's a half-truth. It makes sense to some extent.




My bank (US Bank) had a Facebook script behind the login wall and was firing requests to Facebook while I was doing private banking.


You should write it up in a blog post or something. Given the climate around Facebook right now, it’s not inconceivable that it could get enough attention that your bank stops doing this.


Please write this up and share it on HN.


my bank mistreats me far worse than Internet companies like Google and Twitter

Oh boy is this true, I'm on my fourth bank for my UK business and they have all been appalling. I'm not very happy with the current one but have given up on the idea that any other might be better.


>"if you're not paying, you are the product"

Read it again, you are falling in a logical fallacy. The phrase is only saying that "if you are not paying", it doesn't make any claims to what happens when you are paying.




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