Something most Americans desire, something big tech and social media detest. Any vote against more privacy protections is a vote bought and paid for by billionaires and that’s the real DC swamp doing it’s business as usual.
Advertising is a core funding model for a lot of businesses. There is the legitimate the argument that upending it now could lead to the collapse of a lot of the tech sector. While I do believe we never should have gotten here in the first place, we should be cautious and methodical when unwinding it. We don’t want a recession, and we need US businesses to be able to compete on the global stage.
Bro we can advertise without breaching of privacy.
Perhaps I just did a bad job of explaining my position; I agree. I just think it’s worth considering the unintended consequences of a rug pull. Maybe we need to wean the industry off slowly or something else entirely. etc. all I was getting at was that caution doesn’t immediately mean someone is bought and paid for by industry lobbies. There is nuance here.
Imagine this exact comment, but for advertising cigarettes to children.
If a business depends on doing harm to people to create ever-increasing shareholder value, that business deserves to burn.
but what if line goes down?
Think of the GDP. /s
Thinking about any unintended consequences is always good. I also agree that a ‘rug pull’ in general terms is not a good thing, however; since we are talking about the privacy of the consumer and turning said privacy into a consumer right, I don’t think there will be a lot of negative consequences. The companies are going to complain but they do that no matter what.
Personally I think, any company that solely relies on selling user data as revenue stream deserves to go down.
If they need to buy/sell all our personal information so they can advertise, and they need to do that to survive, I’d say let them go bankrupt.
Also, what is proposed is very reasonable, this won’t cause a recession.
If they need to buy/sell all our personal information so they can advertise, and they need to do that to survive, I’d say let them go bankrupt
As long as it doesn’t take other industries with it, hard agree.
Also, what is proposed is very reasonable, this won’t cause a recession.
If you’re right, no disagreement there either.
All I was trying to get at was that there is some nuance here; concern is not exclusive to corporate shilling.
Most of us in ad tech have been living with a patchwork of these laws for 5 years. This will simply life.
https://iapp.org/media/pdf/resource_center/State_Comp_Privacy_Law_Chart.pdf
Hot take, considering how ridiculous prices have gotten for things like housing and groceries, maybe a recession would be good and help reduce those prices. I’m not an economist so very much spitballing
Bipartisan support? In an election year? Dead in the House.
privacy is already supposed to be a right lol
This is great. I’ll wait to see the actual proposed legislation before judging it, but this summary indicates to me that the bill is severely lacking in two major respects. Unless it is missing from the summary, it doesn’t appear to address data security requirements nor does it place limits on the types of data that can be collected.
Regardless, this is a step in the right direction, I just hope it isn’t the only step and that it has some significant teeth. Most legislation like this seems to just be a tax on companies rather than a true penalty.
It’ll likely be a federal version of the current state regulations that ad agencies already need to abide by. I wouldn’t get too excited.
This is the best summary I could come up with:
WASHINGTON (AP) — Two influential lawmakers from opposing parties have crafted a deal on legislation designed to strengthen privacy protections for Americans’ personal data.
The sweeping proposal announced Sunday evening would define privacy as a consumer right and create new rules for companies that collect and use personal information.
While the proposal has not been formally introduced and remains in draft form, the bipartisan support suggests the bill could get serious consideration.
Congress has long discussed ways to protect the personal data regularly submitted by Americans to a wide range of businesses and services.
According to a one-page outline released Sunday, the bill worked out by McMorris Rodgers and Cantwell would strengthen rules requiring consumer consent before a company can collect or transfer certain kinds of information.
One provision of the proposal would allow consumers to opt out of targeted ads — i.e., advertisements sent to them based on their personal data.
The original article contains 339 words, the summary contains 152 words. Saved 55%. I’m a bot and I’m open source!
Any bill must also take into account the huge spy operations of the government internally. “Protecting privacy” sounds cool from Meta, but is useless unless it also covers the TSA, CBP, NSA, etc.
No, it’s not useless. And you are comparing apples to oranges.
Progress is progress. If we wait for a solution that fixes everything then we will never make progress.
The all or nothing mentality people hide behind is just a cynical shield against dissapointment.
So let’s pursue both. Yes, regulate the private sector. But make a separate bill that handles how our government can use data.
If we wait for a solution that fixes everything then we will never make progress.
Don’t let perfect be the enemy of good.
Staircases have more than one step.
And they can also lead to a completely different area bypassing the real issue.
I’m excited to see something finally happening on this front. I’ll be paying close attention as this develops. Here’s hoping something positive actually happens.
