The Internet Trap: How the Digital Economy Builds Monopolies and Undermines Democracy

The method was similar to the one Netflix uses to recommend movies — no crystal ball, but good enough to make an effective political tool.
http://www.niemanlab.org/2018/03/this-is-how-cambridge-analyticas-facebook-targeting-model-really-worked-according-to-the-person-who-built-it/
* Facebook–Cambridge Analytica data analysis and political advertising uproar * Netflix uses to recommend movies * established voter-targeting methods * hardly the virtual crystal ball * a few have claimed * also show * actually possible * combining personal data * with machine learning * psychographics * data from 50 million Facebook users * lost billions in stock market value * both sides of the Atlantic * opened investigations * social movement * #DeleteFacebook * inner demons * their startup Global Science Research * 270,000 Facebook users and tens of millions of their friends * my own research * machine learning * my forthcoming book * researcher at Cambridge University * Chancellor now works at Facebook * reward of $1 million * independent software developer using the pseudonym Simon Funk * singular value decomposition * series of factors or components * explained in a blog post * most important factor in Funk’s early Netflix model * dimensionality reduction * similar techniques using roll-call vote data * Big Five * SVD-based methods * related models for implicit data * predictive power of Facebook data * 95 percent accurate * predicting users’ scores * public outcry * in response * made users’ likes private * didn’t work out * reverse-engineered the Facebook “likes” model * built all our models * co-occurrence * 70 to 80 percent accurate * appearance on CNN * other academic studies * the role * lack thereof * estimate the Big Five personality scores * actually deleted its trove * seem to still be circulating * being developed further * Matthew Hindman * The Internet Trap: How the Digital Economy Builds Monopolies and Undermines Democracy * this thread * The Conversation * original article here * Web Summit