I think we're talking about slightly different things here. While many financial institutions (and others now) will provide a plain English explanation of the whole contract, I'm just talking about the key terms.
"Your house may be at risk if you do not keep up with repayments. Variable rates can go up and down." etc.
These sorts of things are required not just at point of agreement, but everywhere a financial product is marketed. They're short enough. Same thing as you'll see in where medical marketing is allowed.
So in that vein, before Facebook takes data about you, it should be explaining that they and their partners operate a marketing platform that is used to monitor and influence your political views. That they can use your photos of you and your children and others for their own marketing purposes. That licenses you grant them to your content are everlasting and irrevocable.
It's over-done (on purpose) but initialling each term like this should be a requirement for contracts that subvert your rights [to privacy, here] as is required elsewhere.
I don't have data on the efficacy of said warnings. The rules here have existed longer than I have. But it's not illogical to suggest that forcing somebody to actually engage with the text before they give up data will mean more will read it.
"Your house may be at risk if you do not keep up with repayments. Variable rates can go up and down." etc.
These sorts of things are required not just at point of agreement, but everywhere a financial product is marketed. They're short enough. Same thing as you'll see in where medical marketing is allowed.
So in that vein, before Facebook takes data about you, it should be explaining that they and their partners operate a marketing platform that is used to monitor and influence your political views. That they can use your photos of you and your children and others for their own marketing purposes. That licenses you grant them to your content are everlasting and irrevocable.
Somebody did a "joke" list of what Facebook's might look like https://signupforfacebook.org/
It's over-done (on purpose) but initialling each term like this should be a requirement for contracts that subvert your rights [to privacy, here] as is required elsewhere.
I don't have data on the efficacy of said warnings. The rules here have existed longer than I have. But it's not illogical to suggest that forcing somebody to actually engage with the text before they give up data will mean more will read it.