Facebook, WhatsApp, Google, Instagram, SnapChat and much more services are available to all of us with zero charges. Nonetheless, these companies are worth billions of dollars, even without charging a dime from its users.
Something isn’t right in this equation.
I was obsessed with this question for many years in the past until recently I have discovered what these companies are up to.
Well, here’s the thing there are two types of companies in the world.
1. The companies that sell you things.
2. The companies that sell you.
If you are not paying for the service, you are the product for sale. The time we spent on these website ensures that we are looking at their ads. So basically we are trading our time instead of money which is worse.
“There’s a myth that time is money. In fact, time is more precious than money. It’s a nonrenewable resource. Once you’ve spent it, and if you’ve spent it badly, it’s gone forever.”
~ Neil A. Fiore
We spent hours on these websites staring at the newsfeed and looking at the sponsored posts. The time we waste on the social media platforms is worth much more than we think it is.