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Roger McNamee: “Why is it legal to collect data on kids, let alone sell it?”

By Fast Company

The early Facebook advisor and outspoken critic believes that antitrust is the only way to curb the power of companies like Google, Amazon, and FacebookRead full story

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  • “Why is it okay for credit card companies to sell financial records?” McNamee said at the South by Southwest conference in Austin over the weekend. “Why is it legal for cell companies to sell location data? Why is it legal for companies that make apps for health and wellness to sell or trade our data? Why is it legal for anybody on the web to transact in our web history? Why is it legal to collect data on kids under 18, much less sell it?”

  • "For instance, you might be fine with your credit card company recording your financial transactions, but not with the company selling your private information to someone else for their own profit. 'It’s obviously okay to give your location to Uber,' he says. 'It’s not okay for Uber to then take the location history and trade it to somebody else.'...

    What’s at stake here? Avoiding a surveillance society where these corporations wield too much power over our lives, McNamee says. 'I don’t want to

    "For instance, you might be fine with your credit card company recording your financial transactions, but not with the company selling your private information to someone else for their own profit. 'It’s obviously okay to give your location to Uber,' he says. 'It’s not okay for Uber to then take the location history and trade it to somebody else.'...

    What’s at stake here? Avoiding a surveillance society where these corporations wield too much power over our lives, McNamee says. 'I don’t want to live in a totalitarian country. I think that should apply to corporations as well as the government,' McNamee says. 'My life is way more regulated by the codes and algorithms of these companies than it is by the law. There has to be a limit.'"

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