Hi Kninjanin,
In my reading about the economy, I have come across the idea of "commodification," where people are just used as commodities to make money! And that is (purported to be) why social media is "free," so-called free anyway, because everything we click on is used to sell stuff to us.
And our privacy is invaded, violated, our most personal information harvested.
So the Internet has a breath-taking potential for us the common people to make connections with each other and learn, exchange ideas and grow...but there is definitely a dark side also. I like this site SOLVED very much because although I wish there were more people, those who do come here are thoughtful, courteous, and well-informed. Lots of joking and fun plus I learn lots!
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To answer your question, I think the video is TRUE.