Facebook business model banned by German government

Published 13 Feb, 2019

As published by WIRED, on Feb 7th, Germany's Federal Cartel Office, FCO, prohibited Facebook's business model to collect unrestricted data unless granted explicit user consent. 

Andreas Mundt, President of the Bundeskartellamt: “With regard to Facebook’s future data processing policy, we are carrying out what can be seen as an internal divestiture of Facebook’s data. In future, Facebook will no longer be allowed to force its users to agree to the practically unrestricted collection and assigning of non-Facebook data to their Facebook user accounts. The combination of data sources substantially contributed to the fact that Facebook was able to build a unique database for each individual user and thus to gain market power. In future, consumers can prevent Facebook from unrestrictedly collecting and using their data. The previous practice of combining all data in a Facebook user account, practically without any restriction, will now be subject to the voluntary consent given by the users. Voluntary consent means that the use of Facebook’s services must not be subject to the users’ consent to their data being collected and combined in this way. If users do not consent, Facebook may not exclude them from its services and must refrain from collecting and merging data from different sources.” Read More...

Customer is King. Period.

Published 12 Feb, 2019

In a few words let me share with you how we think about OptiMargin: 

1. Customer is King. Period.

2. No Luggage Fees (airlines reference) - Look at Genscape/Vortexa/Kpler/ClipperData/Orbital Insights, etc – amazing companies (genuine fan), yet with every consecutive license sale the value of the ‘edge’ sold to the customer decrease, it’s a model that dilutes the customer in favor of paying a return to the VC. We'll take money from VC's but only if they are on board that customer and product come first. We don't invest in nascent tech and don't require years of cash burn, this is why we prefer early adopters to be early investors. Customers ARE the best investors. Read More...