I actually feel it's misleading and wrong at a very fundamental level; this was the only thing I disagreed with in the whole press release!
Consumers "pay" for Google's services by giving ads attention so the ads have value and Google can sell them.
All the data harvesting is a means to a end: to make the ads more appealing so you'll click. Google don't profit from the data directly; in fact all the data harvesting and processing is a significant cost factor. There are certainly other businesses that resell data and profit directly from data harvesting, but AFAIK, Google is not really one of them.
It's a bit like saying that you pay a café by letting them observe you while you sit in their chairs. A basic misunderstanding of what's actually going on.
Consumers "pay" for Google's services by giving ads attention so the ads have value and Google can sell them.
All the data harvesting is a means to a end: to make the ads more appealing so you'll click. Google don't profit from the data directly; in fact all the data harvesting and processing is a significant cost factor. There are certainly other businesses that resell data and profit directly from data harvesting, but AFAIK, Google is not really one of them.
It's a bit like saying that you pay a café by letting them observe you while you sit in their chairs. A basic misunderstanding of what's actually going on.