Almost 87 million people’s personal data was stolen, harvested and sold to other companies and even political parties for huge amounts of money.
These people then used the bought data for psycho profiling, micro targeting and swaying people’s opinion on products and political candidates.
But this is also the main disadvantage of the internet today because it causes an inherent risk of personal information and data being stolen and harvested by companies with lowly ethics.
After the recent revelations of data harvesting by Cambridge Analytica through Facebook API, the entire world has become more aware of the disadvantages of the internet and especially social networks.
Big companies or rich companies can invest lots of money on PPC, online advertising- much more than a startup or small business owners- and therefore the big players capture the majority of leads in the consumer market.
A vicious cycle for the world economy where the already rich companies are getting richer and the smaller, poor companies are getting poorer.
The Internet has now connected local cities with international markets and brands.
So it’s natural that new people or even experts in the local city are unable to compete online.
With a meagre budget for design, most of the websites of small business owners are not responsive and unable to adaptive according to industry trends faster.
there will be a time when in the 1st year of inception 99% businesses will fail.