What is the #1 world commodity?
Is it Oil? Try to name a country that hasn't been reliant on it to survive.
OK, then what about water?
Nonetheless, arguably, a new commodity has taken over. In our new digital era, the #1 commodity is data. And countries (and businesses and people) are becoming even more reliant on it.
The new tech titans also make a massive amount of money. According to the Economist, they collectively made over $25 billion in net profit in Q1 2017.
At this point, most of these titans' sites are monetarily free to use for consumers … But, does that mean that they don't require regulation? Realize, the free sites are a way to attract users, and then to sell data and ads to companies marketing to them.
One thing is for sure … Privacy is a rare commodity in a time of digital omniscience.