by Nathan McDonald, Sprott Money:
There is a war going on for your data, your wallet and ultimately your mind. This war has been campaigned stealthily, unbeknownst to all but the most informed and alert individuals.
For anyone paying attention, you could see the draconian landscape unfolding. Major tech firms have been passively harvesting your data without your explicit permission.
I have told people this for nearly five years now with mixed reviews. Some would look at me with confusion and shake their heads. Others would be shocked to learn the truth about the new “big brother” reality we all now live in. It was simple enough to discover if you knew which steps to take.
The exercise is simple. Grab your phone, go into a silent room and start talking about a store, a product or just about anything and then wait five, ten, fifteen minutes. Soon enough, you will see new ads appear on your YouTube videos. You will see new Google or Facebook ads relating to that thing you just spoke about—to yourself, privately, and to no other.
The scariest part is when it’s a topic that previously had no interest to you, one you never before inquired about on your laptop, phone, tablet or desktop computer.
Big tech is listening to you, and now the public is learning the truth. Finally.
The boiling point came over the past few weeks and has caused tremors through the monopolistic tech community. Stock prices have plummeted, and Facebook CEO Mark Zuckerberg has found himself in hot water.
Yet, as I pointed out, Facebook is not alone in these actions. Google, Twitter, Amazon and just about any other major social media platform are doing the same thing. And their stock prices are reflecting this.
What has outraged people on both the right and the left is the realization that Facebook is not just serving you ads, they are selling your private data to the highest bidder—some with political motivations in mind.
This corruption is something that needs to be stamped out, and if the tide of public opinion continues as is, there appears to be some hope. For too long, these “innocent” tech companies have abused the trust they were granted. For too long, they have sold your personal information to unsavory sources.
Big tech, as I wrote about last year , is not above the law. They are not too big to fail, and their day of justice is coming. Whistle blowers are coming forward and shedding more and more light on their corruption, and a tipping point will soon be reached.