Wow, people are paying $6B a year to be the product. Makes sense why the world is how it is right now.
Technology
This is a most excellent place for technology news and articles.
Our Rules
- Follow the lemmy.world rules.
- Only tech related content.
- Be excellent to each other!
- Mod approved content bots can post up to 10 articles per day.
- Threads asking for personal tech support may be deleted.
- Politics threads may be removed.
- No memes allowed as posts, OK to post as comments.
- Only approved bots from the list below, to ask if your bot can be added please contact us.
- Check for duplicates before posting, duplicates may be removed
- Accounts 7 days and younger will have their posts automatically removed.
Approved Bots
they're buying the products, actually.
$6B in in-app purchases
What product?
the app allows for purchases of stuff that's advertised.
They are usually overpriced because someone is getting commission, but it's a great way to find unique Xmas gift ideas to buy elsewhere.
agreed.
Ah, I see. Doesn't change my core point.
Because I'm sure those advertisements weren't curated by digesting user interaction data and selling it to advertisers. And I'm sure those sales aren't further used to build profiles to sell to advertisers. /s
Just because they got a dumb Stanley cup shilled by their favorite influencer doesn't mean they're not ultimately the product.
Users spend real money to buy creators virtual gifts, which can then be cashed out as fiat currency, with TikTok retaining 50% of the payout.
Should probably read the article before ceding your point.
Normally I would, but honestly, I think TikTok is a net negative, so my interest in how they get their profits virtually zero.
spent time writing quite a few comments for something you don't have any interest in.
Welcome to the internet.
...huh? a what from a what now?
that's how advertisements work. but that doesn't make the consumer the product. the product is still the product.