this post was submitted on 05 Jan 2024
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Piracy: ꜱᴀɪʟ ᴛʜᴇ ʜɪɢʜ ꜱᴇᴀꜱ
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As far as I'm aware the valuation is just data brokering - ie, the people collecting data from apps and selling to advertisers.
Then I don't believe it, Google makes about 200B in advertising revenue a year, serving about a quarter of the internet ads.
Advertising online is not even a trillion dollar market, how can just the data be bigger? Maybe if you count it being sold resold ten times
I've finally run some actual numbers, after finding a source for the data brokerage industry value (much lower, $319 billion in 2021). The link to your instance's version is here: https://lemmy.world/post/10892972
TL;DR my conservative estimate is that every user is owed roughly $40 per year - but this doesn't include Google or other businesses who keep and exploit proprietary datasets, rather than selling the raw data.