by Karl Denninger
Market-Ticker.org
I know plenty of people basically live on Facebook, but the company is dangerous.
Very dangerous — to you.
Personally.
Facebook has always been dangerous to your wallet. That’s the only way they stay alive. The claim is that they “just sell advertising” and, well, you’ve always had advertising, right? You see it on TV, you get spam in your mailbox from the local car dealer, etc.
Except Facesucker is different. Their advertising is “targeted.” What that means is that you are singled out to be disadvantaged.