First the bad news: reading online privacy policies would cost $365 billion a year in lost productivitiy and leisure.
Now the good news: it doesn't matter because nobody reads them.
What?
A recent study by researchers at Carnegie Mellon University estimated that if each web-surfer read the full privacy policy of each website they visit once a year, it would take far too much time. Gotta make them shorter, sweeter and easier to understand.
See: Study: Reading online privacy policies could cost $365 billion a year.
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