191
US man accused of making $1.8m from listening in on wife’s remote work calls
(www.theguardian.com)
this post was submitted on 23 Feb 2024
191 points (94.8% liked)
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Can you give example? How do they use this kind of confidential information for stock trading?
You need an example of big tech companies collecting personal information and exploiting it for profit?
No, for stock trading, as this guy did.
Why would you need that?
Yeah, but Google, Facebook, and other megacorps profit from doing the same kind of thing and that seems to be fine.
Oh I see. You’re getting stuck on semantics. You see, when I used “same kind of” in my sentence, that was to specify that it is not the same exact thing. My concern lies in the fact that personal data is taken and exploited for personal profit, the details of how the data is exploited is less important to me than the fact that it is allowed to be collected and exploited in the first place. Actually, since you bring it up, I wonder if a megacorp with bots collecting data from consumers all across the web might have the resources to predict and possibly manipulate the stock market themselves? Hmm…
That’s what I asked example of.
Making money on personal information while might be immoral, but legal (as far as what Google does), this guy did something different and illegal. I honestly do not see similarities.