What do they want from you?

16 Dec

How do you think Facebook, Twitter, LinkedIn and YouTube are making the majority of their money? Right now every social networking company wants your information because they are striving to build up their Business Intelligence (BI).

Social Networking sites are making money hand over first from selling your information to third party companies. The more information you type into your profile, tweet or podcast is causing their bank accounts to soar. Even if you have a locked down account, it doesn’t matter because you agreed to each of the social networking site’s legal agreements. They want your information and they can do what they want with it.

Takeaway: Be aware of the information you are typing into your social networking accounts.

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