Facebook allowed users’ personal data to be shared with third parties (like Cambridge Analytica) and there is now a legal settlement for $725 million. You and about 200 million other Americans can get a piece of that settlement. If almost everyone who is a US user of Facebook applies then each applicant will get about $5 but if only 25% apply then they will each get $20.
You can file your online claim here.
By the end of 2022, Meta’s ARPU (average revenue per user) worldwide was $10.86. In the USA the average revenue per user was about $59. Most of this revenue is Facebook using the data to help advertisers be more effective at selling directly or indirectly to Facebook Users.
Brian Wang is a Futurist Thought Leader and a popular Science blogger with 1 million readers per month. His blog Nextbigfuture.com is ranked #1 Science News Blog. It covers many disruptive technology and trends including Space, Robotics, Artificial Intelligence, Medicine, Anti-aging Biotechnology, and Nanotechnology.
Known for identifying cutting edge technologies, he is currently a Co-Founder of a startup and fundraiser for high potential early-stage companies. He is the Head of Research for Allocations for deep technology investments and an Angel Investor at Space Angels.
A frequent speaker at corporations, he has been a TEDx speaker, a Singularity University speaker and guest at numerous interviews for radio and podcasts. He is open to public speaking and advising engagements.
And to get it you have to cough up more data!
Pass.
Selling one’s data to advertisers is one thing. But collecting data for political weaponization by the spy agencies (CIA, FBI, etc.) is a much more serious issue.