Question

In: Economics

–Why are social networks interested in collecting user information? –What types of privacy invasion are described...

–Why are social networks interested in collecting user information?

–What types of privacy invasion are described in the case? Which is the most privacy-invading, and why?

–Is e-commerce any different than traditional markets with respect to privacy? Don’t merchants always want to know their customer?

–How do you protect your privacy on the Web?

Solutions

Expert Solution

1. Through supplying the customers with ads, the social network makes profits. The more time people spend on the site and the more focused their advertisement, the more money is made. Because you get a lot of customer knowledge, you can both increase the experience of the social network more to their taste, increase the time they spend on, and offer more meaningful and focused advertisement to them. A third factor is that raw data can also be marketed to third parties.

2. Privacy invasion is the unjustifiable interference, without permission, into the personal life of another. The infringement of privacy, though, is not a tort of its own; rather, it normally consists of four different causes of action. States differ in both whether they accept certain causes of action and what elements are required to prove them, but before bringing court action, you should make careful to review the rules of your state or speak with a lawyer.

3. Gone are the days when everyone had to focus on mainstream ads. You have to note that there was a moment where the customer wanted to get a little matter out of his home. Now this has improved, now that the substance meets the human being itself. There are sites like this today, where you can order some product from your home. That, too, though saving their money and their time. There are also many individuals today who are still reliant and giving more emphasis to conventional marketing. The method of purchasing and selling goods, merchandise, and services over the internet is e-Commerce. E-Commerce is known as Online Commerce or Electronic Commerce. Customers can conveniently purchase and sell goods and services over the internet from their homes in E-Commerce. Therefore, with the additional feature of distribution at the doorstep, by taking advantage of powerful and strong discounts often. Traditional marketing, on the other hand, is the method of trading products and services in the form of currency.

4. Ignore the "About Me" sections of your social media accounts to protect your online privacy. You don't have to let individuals know what year or where you were born, which might make identity fraud an easy target for you. Explore multiple settings for protection, too. You may want to restrict those you've personally invited to the individuals who may access your content.

To help discourage anyone from signing into them under your name, create secure passwords for your social media accounts, too. This means that at least 10 digits, special characters, and upper- and lower-case letters are merged. And never use informal, easy-to - guess details as your password, such as your birthdate or the name of your cat.


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