Good For Intel

Funding a rebellion around data and returning power to people rather than the data aggregators (like Facebook and Google).

Cynics will argue Intel is trying to undermine competitors - ie software vs. hardware - as in where the money will be in the future.  Fine with me.  I hate how Facebook claims ownership of your data and then uses that info as a pyramid scheme to rip off investors.

Heard about a case on the radio the other day where Facebook was using some kid's picture in an advertisement and the mother sued the company because Facebook didn't get permission or pay the kid for the image.  Facebook tried to settle the case for $20 million by giving the Plaintiff's lawyers $10 million and donating $10 million to charity.  What?  Are they insane?  First off, they shouldn't be using children's data without parental permission.  Second off, they shouldn't be using anyone's image for profit without paying for it.  But this gets at the entire crux of what I hate about Facebook.  It seizes your information, your pictures, your comments, your friendship networks -- claims ownership of the information -- and then tries to leverage it into profit for members of the company and investors.  They would argue they are providing a service to the users.  If that were the case, they should charge the users to be part of the network and see how many people pay for it.  Nada.  It is scam game.  The buyer and seller are not making any sort of "real" exchange.

Facebook and their investors are hoping for some type of happy accident in the future where they can figure out a business model to turn it into a profit-generating company.  My bet is it involves claiming people's data and selling it to marketers and advertisers.  This deal people are entering with Facebook are like the Indians selling Manhattan for beads and bread.