Facebook’s Study app will pay you for your data

Earn money by sharing with Facebook how you use apps

Facebook on Tuesday launched a new research app that will pay users for sharing information about how they use apps on their devices. The British political consulting company, Cambridge Analytica, is said to have mined personal data from millions of Facebook profiles without their consent.This led to USA congressional hearings where Facebook chief executive Mark Zuckerberg testified. "We plan to take this same approach going forward with other market research projects that help us understand how people use different products and services", Ben-Zedeff said, hinting that the company is working on more market research projects.

They have also promise that it wont be selling any information from the app to third parties or use it to target ads.

The most recent of the app which faced a major backlash that led to its shut down was called Facebook Research.

Those who do sign up will learn how the app works and what information it will collect. Once downloaded, the app asks users to register using their email ID, where a code is sent to complete the registration process. Now sensitive of data abuse claims, the firm lets users know exactly what data they'll be giving up. Last month, Google announced that it has banned apps its Play Store that facilitate the sale of marijuana or related products, as part of a change to its content policy. "Only people who are 18 and older will be eligible to participate at launch, and all participants will be able to opt out at any time". Facebook will run ads about Study on its platform and elsewhere.

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While some of the details of Facebook's program are up in the air, including the all-important price of your phone usage data, you should probably err on the side of "not participating" if you see an ad for the study pop up during your regular use of the Facebook app. The Study app will keep track of the amount of time a user spends on certain apps.

Users will be paid monthly and via their PayPal account, but no word yet about how much people would be compensated for the "reward-based market research program". Earlier, users used to get the refund for paid apps or in-app purchases within 15 minutes.

That Facebook gathers personal information from its users should come as no surprise - it could be argued that it is the social network's raison d' être.

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