Last week, the entire high-tech sector fell out of bed after new reports revealed that private companies were selling– and politicians were buying– the personal information of 50 million Facebook users, prompting government regulation of social media.
However, the Facebook scandal is just the tip of the iceberg. Apple’s iPhone and Samsung’s Galaxy know your every move, even when your cellphone is turned off. And now Amazon and Google have carried invasion to its zenith with the acquisitions of companies making smart doorbells, thermostats and other home security devices. As one analyst put it, “Now they can see your door and hear what’s going on in your house. They can tailor marketing to your consumption patterns. They can fine-tune delivery to catch you when you’re home. In theory they can even let themselves in.” Scary!
CNBC’s Rick Santelli, father of the Tea Party movement, told me this is a “biggie” and could derail the tech and social media industry for some time as government intervenes to start regulating Amazon, Facebook, Apple and other tech companies. Investors, beware!
Action to take: “Big Brother Surveillance Panel” has just been added to our “Emergency Summit” at FreedomFest. We will have a special session with top security and privacy experts: “CAN YOU KEEP A SECRET? How Business, Government and Even Your Doctor are Monitoring You and Mining Your Data, and How You Can Once Again be a PRIVATE Citizen.” Join us at www.freedomfest.com.
Normally, we record all sessions at FreedomFest, but upon request of many of our speakers, we will turn off the tape recording so they can speak freely. You must be there in person to hear it all.
Why meet at FreedomFest? Steve Forbes says it best: “FreedomFest is where the best ideas and strategies are fleshed out.” That’s exactly what we plan to do at this special meeting — determine the best strategies to protect ourselves from the unfolding privacy crisis.
Mark Skousen is the founder and producer of FreedomFest and the editor-in-chief of Mark Skousen’s “Forecasts & Strategies,” now in its 38th year. He is a Presidential Fellow in economics at Chapman University. Go to www.freedomfest.com, or call toll-free 1-855-850-3733, ext. 202 to register.