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   Alistair Davidson (moh_kohn@mastodon.scot)'s status on Sunday, 31-Mar-2024 10:37:15 JST Alistair Davidson

   in reply to

   Varoufakis says position in Google and Amazon searches is like commercial real estate; they are charging a rent for a shop front. Consumer data certainly enhances the "land value" ("search position value"?)

   Does that mean that when we search and like and so on we are performing labour? Creating this search position value?

   One consequence of all this data collection is piles of data that companies don't really know what to do with. Hence "AI".

   • Embed this notice
     Alistair Davidson (moh_kohn@mastodon.scot)'s status on Sunday, 31-Mar-2024 10:37:16 JST Alistair Davidson

     I am currently fascinated by internet capitalism. Specifically, data as a commodity and as capital. It is all over the business press but massively undertheorised in economics as far as I can see. Usually that means something is ideologically inconvenient.

     Google makes like £140bn a year from advertising which is clearly a really big deal but it's odd because what is actually being produced?

     🧵

     Paul Cantrell repeated this.