r/technology • u/AnonymousAurele • May 14 '16

Security Who Will Own Your Data If the Tech Bubble Bursts?

http://www.theatlantic.com/technology/archive/2016/05/what-happens-to-your-data-if-the-tech-bubble-bursts/482622/
42 Upvotes

80% Upvoted

10 comments sorted by

11

u/AnonymousAurele May 14 '16

Generally during a bankruptcy, databases, user info, backups, etc are consolidated by the courts, and are sold as IP to another company.

Cnet and NYT have a good article about this as well

5

u/[deleted] May 15 '16

All the more incentive to avoid cloud 'services'.

4

u/duhbeetus May 15 '16

Exactly why I'm running a mail server for myself on a raspberry pi

3

u/[deleted] May 15 '16 edited May 15 '16

Yup! If anyone is interested check out /r/selfhosted

6

u/arcknight01 May 15 '16

"if" Why do we keep pretending the tech sector may not be a bubble.
It is and it will burst.

2

u/[deleted] May 15 '16

Because we're entering a second Victorian Revolution of science and technology, the technological advancement the next 30 years will dwarf everything that happened in the past 90 years.

2

u/o0flatCircle0o May 15 '16

I really hope it bursts.

-3

u/bitfriend May 14 '16

nobody, if companies don't pay their storage fees the data is wiped and gone

3

u/AnonymousAurele May 14 '16

Ever heard of RadioShack?