Data and AI mystification: Ownership, control, and financialization in the platform

The social relation between the platform and its users is defined by engagement with digital infrastructures and the rendition of this engagement into data. User-data, however, are surrounded by regulatory and legal ambiguities as they are not accounted for as intangible assets and their ownership a...

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Main Author: Andrew W Alexander
Format: Article
Language:English
Published: SAGE Publishing 2025-09-01
Series:Big Data & Society
Online Access:https://doi.org/10.1177/20539517251355617
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author Andrew W Alexander
author_facet Andrew W Alexander
author_sort Andrew W Alexander
collection DOAJ
description The social relation between the platform and its users is defined by engagement with digital infrastructures and the rendition of this engagement into data. User-data, however, are surrounded by regulatory and legal ambiguities as they are not accounted for as intangible assets and their ownership and control are not transparent. I investigate how platforms rectify these ambiguities to realize user-data value as codified capital through an intensive case study of two major platforms. I use qualitative content analysis (QCA) to analyze annual and earnings reports, terms of service (ToS) agreements, and internal documents from 2017 through 2023 with qualitative data analysis (QDA) software. The findings reveal the exploitation of user-data ambiguities by platforms on two fronts: the necessary relationship between user-data inputs and platform outputs, with a growing emphasis on artificial intelligence, and the ownership and control of user-data. I argue that these ambiguities are exploited by platforms in a process of mystification of user-data to investors and other political economic actors at one end and users at the other. Mystified assets are then transformed into codified capital through financialization in the platform, contributing to studies of corporate financialization and fictitious capital. The findings place the ownership and control of user-data and their relationship to platform outputs as essential to advancing data accumulation and platform financialization.
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spelling doaj-art-a8807ccd70af4468bda98ec2e791aa222025-08-20T03:30:15ZengSAGE PublishingBig Data & Society2053-95172025-09-011210.1177/20539517251355617Data and AI mystification: Ownership, control, and financialization in the platformAndrew W AlexanderThe social relation between the platform and its users is defined by engagement with digital infrastructures and the rendition of this engagement into data. User-data, however, are surrounded by regulatory and legal ambiguities as they are not accounted for as intangible assets and their ownership and control are not transparent. I investigate how platforms rectify these ambiguities to realize user-data value as codified capital through an intensive case study of two major platforms. I use qualitative content analysis (QCA) to analyze annual and earnings reports, terms of service (ToS) agreements, and internal documents from 2017 through 2023 with qualitative data analysis (QDA) software. The findings reveal the exploitation of user-data ambiguities by platforms on two fronts: the necessary relationship between user-data inputs and platform outputs, with a growing emphasis on artificial intelligence, and the ownership and control of user-data. I argue that these ambiguities are exploited by platforms in a process of mystification of user-data to investors and other political economic actors at one end and users at the other. Mystified assets are then transformed into codified capital through financialization in the platform, contributing to studies of corporate financialization and fictitious capital. The findings place the ownership and control of user-data and their relationship to platform outputs as essential to advancing data accumulation and platform financialization.https://doi.org/10.1177/20539517251355617
spellingShingle Andrew W Alexander
Data and AI mystification: Ownership, control, and financialization in the platform
Big Data & Society
title Data and AI mystification: Ownership, control, and financialization in the platform
title_full Data and AI mystification: Ownership, control, and financialization in the platform
title_fullStr Data and AI mystification: Ownership, control, and financialization in the platform
title_full_unstemmed Data and AI mystification: Ownership, control, and financialization in the platform
title_short Data and AI mystification: Ownership, control, and financialization in the platform
title_sort data and ai mystification ownership control and financialization in the platform
url https://doi.org/10.1177/20539517251355617
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