Andrew Yang's Data Dividend Project would force social media companies to compensate users, but the plan underestimates difficulty of valuing data
Will Rinehart / Wired : Tweets: @willrinehart , @jrhuddles , @adalovelaceinst , @backchnnl , @jason_kint , and @bill_tribble Tweets: Will Rinehart / @willrinehart : This morning I have an op-ed in @WIRED detailing three key issues in implementing a digital dividend. As I conclude: “Digital dividends seem clever at first, but become far less appealing when thinking through implementation.” https://www.wired.com/... https://twitter.com/... Jennifer Huddleston / @jrhuddles : “Converting the implicit benefit of an online experience into an explicit cash payment is a difficult model to sustain in the real world.” @WillRinehart explaining why data dividends aren't the clear cut solution they're sometimes made out to be. https://www.wired.com/... Ada Lovelace Institute / @adalovelaceinst : As digital dividends proposals are promoted in the US, we're convening a global panel at #RightsCon to discuss different perspectives on property rights and receiving financial compensation for data. https://wired.com/... Join us on Weds 29 July. More👉 https://adalovelaceinstitute.org/ ... Backchannel / @backchnnl : He says social media companies should pay you for the data you produce. But loopholes abound, it's too expensive, and other plans like it have failed. https://www.wired.com/... Jason Kint / @jason_kint : I have lots of issues w/ @AndrewYang's soft approach to tech and red herring of a data dividend but this is wrong. Sure, it's true if you value Facebook's global audience equally but the reality is they make like 30x+ more off US users than rest of world. https://www.wired.com/... https://twitter.com/... Bill Tribble / @bill_tribble : Facebook investor @WillRinehart: “We mustn't do this because it will destroy Facebook.” Rest of world: “Good!” https://www.wired.com/...