Online Companies Have Created a “Meaningless Economy” | Big Think

We are now in an economy of ‘likes’. Growth Hacking means that business no longer depend on the value of traditional economic exchanges but instead on selling of user data. What happens to the real economy when all business become an advertising business and nothing real get sold but likes and shares?

Companies like Facebook no longer depend on traditional economic exchanges to turn profit, so what does this mean for the consumer? When we’re not paying money, we’re paying in other ways, says Douglas Rushkoff.

Source: Online Companies Like Facebook Have Created a “Meaningless Economy” | Big Think

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