Hacker Read

itburnslikeice · 2017-05-03 15:49:58+00:00

I assumed this too, those datasets would worth too many $$$

sva_ | karma 7790 | avg karma 3.58 · | 2023-01-03 21:01:47

You can probably buy those datasets for much less per row.

mcguire | karma 18217 | avg karma 1.81 · | 2019-06-17 16:35:47+00:00

"But that $50k represents what the author thinks they can get away with, not the true value of the dataset to your algorithm."

That is how the market works, right? The price of something is set not by the "value" but by what the seller can get. Researchers "get away" with keeping their data proprietary all the time.

reply

kdtsh | karma 839 | avg karma 3.26 · | 2022-09-26 02:32:27

Absolutely, and you can bet this is going to happen once this dataset is sold off.

jbellis | karma 4390 | avg karma 4.86 · | 2024-05-30 01:37:35

I'm baffled that so many people fixate on the estimated cost and miss the fact that it's a public dataset. As in, free.

staunton | karma 1066 | avg karma 1.51 · | 2023-12-20 02:21:18

Just buy some datasets

MichaelGlass | karma 285 | avg karma 4.13 · | 2016-02-05 04:16:03

Regardless of revenue, they were purchased for "over $10,000 per".

I call horse shit.

I agree with this statement, though, "It is undeniably destructive to our economy and future when many of our most innovative and exciting companies are bought by their competition."

Perhaps we're not building monopolies but huge diversified holding companies. My bet is on there actually being huge monopolistic effects of owning all the data.

reply

JeremyBanks | karma 3598 | avg karma 3.1 · | 2016-06-17 18:28:43

Getting valuable data doesn't mean a success if the cost is too high. Too much of the market and reputation was wrapped up in this experiment.

ionwake | karma 1156 | avg karma 1.16 · | 2021-09-16 11:06:39

For this much money they are after the data right? Or am I being too overly dramatic

manx | karma 1252 | avg karma 2.68 · | 2023-07-01 02:53:01

They could just provide or even sell well curated datasets instead.

nl | karma 29762 | avg karma 2.49 · | 2021-08-06 04:30:51

Often, no.

It's because if they charge for it the admin of having to pass money back to participating people is prohibitive.

Often you can't buy these datasets at any price.

reply

meiraleal | karma 1118 | avg karma 0.56 · | 2024-05-28 17:16:15

I'm okay with paying for datasets

0xmohit | karma 8419 | avg karma 6.8 · | 2016-08-25 14:07:51+00:00

Wonder what were the revenues from the monetization of collected data?

Zev | karma 2386 | avg karma 1.73 · | 2008-11-13 05:07:18+00:00

All the data they have might be though. How they're using it isn't worth $4 Billion though.

gdsdfe | karma 599 | avg karma 1.46 · | 2020-02-12 01:29:48+00:00

Do they really think people are using these datasets for commercial applications?

eaenki | karma 207 | avg karma 0.79 · | 2019-11-20 22:44:03+00:00

Even if the data is highly valuable and it’s not losing money, I don’t see how it’s worth $4B with 17M users. Sounds off by like x5

reggieband | karma 2802 | avg karma 6.12 · | 2020-02-20 21:49:20

I agree it is expensive to gather but is it something that can be sold at high cost to 1000s of customers? It seems the market for purchasers of that data might be limited to a small number of companies, probably hoping to build ML models.

aledalgrande | karma 2337 | avg karma 2.17 · | 2021-06-15 18:29:44+00:00

The marketplace should probably be on datasets.

chrismcb | karma 1952 | avg karma 1.05 · | 2020-11-22 23:30:53+00:00

How are you getting shafted if your individual dataset isn't worth that much?

refset | karma 1252 | avg karma 2.95 · | 2024-03-05 22:14:14

But only if the data is valuable enough to cover the (much) higher costs that come with those assumptions.