INTERNET PRIVACY ? It's been 10 years: Why won't people pay for privacy? | Politics and Law
source: http://news.cnet.com/8301-13578_3-10443575-38.html?tag=rtcol
-
-
- BUILDUSMAXIMUS
- added this
"Think about how much business is predicated on the flow of personal information!" one of the founders predicts. "If you need to add privacy as a foundation under all of that, what is that industry worth? It's huge. Billions and billions and billions."
The year was 2000, and the company was named Zero Knowledge Systems. Even by the standards of that era, it spent staggering sums of money with virtually no sales: ZKS brought in only $400,000 in 2001 in license revenue from its flagship Freedom software, while losing $24 million a year, according to documents filed for its initial public offering. The IPO was canceled two months later, and ZKS abandoned the idea of selling privacy for a profit; under a new name it sells IT services to Internet service providers.
http://news.cnet.com/8301-13578_3-10443575-38.html?tag=rtcol;inTheNewsNow
The year was 2000, and the company was named Zero Knowledge Systems. Even by the standards of that era, it spent staggering sums of money with virtually no sales: ZKS brought in only $400,000 in 2001 in license revenue from its flagship Freedom software, while losing $24 million a year, according to documents filed for its initial public offering. The IPO was canceled two months later, and ZKS abandoned the idea of selling privacy for a profit; under a new name it sells IT services to Internet service providers.
http://news.cnet.com/8301-13578_3-10443575-38.html?tag=rtcol;inTheNewsNow
-
- groups:
- The Retail Sector
