Why are you letting Facebook make money from your life?

John Battelle:

 But allow me to relate a more economic argument: At present, there’s no way for our story tellers to make money directly from Facebook for the favor of crafting engaging narratives on top of the company’s platform. And from what I can divine, Facebook plans to make a fair amount of money selling advertising next to these new timeline profiles. As they get richer and more multi-media, so will the advertisements. Do you think Facebook intends to cut its 800 million narrative agents into those advertising dollars? I didn’t think so.

And that’s before he mentions Facebook as the Panopticon 2.0.