I generally view "data is the new oil" arguments as a sign that the journalist doesn't know what they are talking about, especially if they can't characterise what data they are referring to or why it is valuable.
More likely, this is about control of the recommendation algorithm, and therefore control of the narrative.
Absolutely but I do think there is a slice of data. Unlike meta selling its data, we have no idea the full scope of what bytedance collects and sends home. My one thorn is we are so consumed with China but somehow it ignore Russia.
I think the difference between these apps is that in China the "recommendation algorithm" is that the wrong sort of people just go missing. There's less heavy lifting for the app to do. That's why people like it more, it itself has a simpler agenda: make people enjoy using it.
In the US, for the most part, the app must do both surveillance and coercion, which is why the kids prefer the Chinese app.
And how does the recommendation algorithms work? Without user data, it’d be nowhere near as potent at being addictive and dominating in the collective human attention economy.
Oil isn’t useful in its raw form either. Do you think we’d be plagued by cookie banners on almost every single website if they didn’t think collecting data was crucial to their business? Not to mention AI, where the analogy is reinforced for obvious reasons.
So data being the new oil is not a terrible analogy. However, I have to agree with you that the reasoning and justification from journalists is often fluffy and completely off-mark. I’d cut them a bit of slack, they’ve been through a complete economic massacre and talent exodus precisely as a result of this new economy.
"Still, TikTok’s opponents hadn’t relented. Jacob Helberg, a member of a congressional research and advisory panel called the U.S.-China Economic and Security Review Commission, has been working on building a bipartisan, bicoastal alliance of China hawks, united in part by their desire to ban TikTok. Over the past year, he says, he has met with more than 100 members of Congress, and brought up TikTok with all of them.
Some lawmakers built momentum for the bill by holding hearings to introduce their colleagues to arguments against TikTok, Helberg said. He also co-hosted a hearing that focused in part on TikTok.
It was slow going until Oct. 7. The attack that day in Israel by Hamas and the ensuing conflict in Gaza became a turning point in the push against TikTok, Helberg said. People who historically hadn’t taken a position on TikTok became concerned with how Israel was portrayed in the videos and what they saw as an increase in antisemitic content posted to the app.
Anthony Goldbloom, a San Francisco-based data scientist and tech executive, started analyzing data TikTok published in its dashboard for ad buyers showing the number of times users watched videos with certain hashtags. He found far more views for videos with pro-Palestinian hashtags than those with pro-Israel hashtags. While the ratio fluctuated, he found that at times it ran 69 to 1 in favor of videos with pro-Palestinian hashtags."
I generally view "data is the new oil" arguments as a sign that the journalist doesn't know what they are talking about, especially if they can't characterise what data they are referring to or why it is valuable.
More likely, this is about control of the recommendation algorithm, and therefore control of the narrative.