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You’ve Been Warned – Spotify Wants to Spy on You in Every Way Imaginable
You’ve Been Warned – Spotify Wants to Spy on You in Every Way Imaginable
I clearly remember the moment several years ago when my closest friend from NYC was at my place pleading with me to download and use Spotify. The pitch was compelling and I was open minded about the concept, until I learned that you had to login through Facebook to use it (no longer the case I believe). I immediately found this creepy and refused to use it.
Fast forward to 2015, and Forbes has come out with a very important article highlighting the incredible creepiness factor in Spotify’s new “privacy policy.” Here’s some of what it found:
Music streaming market leader Spotify has decided that it wants to know a lot more about you. It wants to be able to access the sensor information on your phone so it can determine whether you’re walking, running or standing still. It wants to know your GPS coordinates, grab photos from your phone and look through your contacts too. And it may share that information with its partners, so a whole load of companies could know exactly where you are and what you’re up to.
This has all been made apparent by a rather significant update to the Spotify privacy policy, pushed out to users today. Upon opening the Spotify app up this morning, your reporter was greeted with a request to agree to the new conditions. A quick comparison with the previous privacy policy using the Wayback Machine showed some major changes had been made. I’m now considering whether the £10 I pay for a premium membership is worth it, given the amount of privacy I’d be giving away by consenting.
Here are a couple of the key updates found by Forbes:
…click on the above link to read the rest of the article…
The Looming Bankruptcy Of Saudi Arabia
The Looming Bankruptcy Of Saudi Arabia
There’s two interesting little stories in this idea that Saudi Arabia is going to go bust in a couple of years as a result of the sagging oil price. Both are more general economic ideas than just the story of that oil price. The first is that mono-anything in economics is something we don’t really like. We certainly don’t like either monopolies or monopsonies, but we should also be very careful of an economy that relies on any one product or even supplier. The perils of resting an entire economy on the production of just the one commodity should be obvious here. But the same could and should be said about reliance upon any one supplier in an economy as well. We want diversity, always, of producers and suppliers. The second is that this is an object lesson in why most economists don’t really believe in the idea of predatory pricing. Sure, it’s possible for a dominant supplier to try to lower prices and drive others out of the marketplace. The idea is that once they’ve bankrupted those others then they can sweep back in, raise prices and thus enjoy monopoly profits having killed the competition. There’s an element of Saudi having tried this, trying to kill off shale. And it’s not working: and economists have never really seen anyone making this tactic work. Which is why they don’t really believe in it as anything other than a theoretical possibility.
So here’s Ambrose Evan Pritchard: and it should be said, love him dearly though we do, he can be just a little over enthusiastic about his latest idea:
If the oil futures market is correct, Saudi Arabia will start running into trouble within two years. It will be in existential crisis by the end of the decade.
The contract price of US crude oil for delivery in December 2020 is currently $62.05, implying a drastic change in the economic landscape for the Middle East and the petro-rentier states.
…click on the above link to read the rest of the article…
