Facebook and Google are free. They shouldn't be.

You're not Facebook's customer. You're a mere user. And that's a bad thing.

Paying for Facebook.
(Image credit: Illustrated | Courtesy Facebook, iStock)

Most everyone takes it for granted that Facebook, Google, Twitter, Snapchat, and Instagram are free. But we all might be better off if we had to pay for these services.

Because we don't pay them, we aren't actually Google or Facebook's customers. They make money by selling ad space and by amassing data on our internet behavior. Google or Facebook's real customers are the companies paying for that ad space and data. And since the return on any one individual ad is meager, making the business model pay requires collecting vast amounts of data, and then hyper-targeting a ton of ads.

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Jeff Spross

Jeff Spross was the economics and business correspondent at TheWeek.com. He was previously a reporter at ThinkProgress.