ITIF Says Social Media Users Shouldn’t Be Paid for Data
Social media users shouldn’t be paid for their data, and even if large shares of company profits were shared, they would be minimal, the Information Technology and Innovation Foundation said Tuesday. Some have suggested Facebook could pay its users about…
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$15 per year for their data, the ITIF report said. Google and Facebook earned about $28 billion in combined profits in 2017 and have some 4.6 billion users globally, ITIF said: “If the payments to users were equal to half their profits, then each user would get just of $3 per year.”