Techno-News Blog

February 18, 2014

Sell Your Personal Data for $8 a Month

Filed under: Uncategorized — admin @ 12:14 am

By Tom Simonite, Technology Review

Would you let a startup track your social media accounts and credit-card transactions in exchange for cash? Data about our likes and habits is captured in abundance, but we reap only a small portion of the resulting value. A startup called Datacoup is far from the only tech company hoping to get rich by selling insights mined from your personal data. But it may be the only one offering to give you money for that information. atacoup is running a beta trial in which people get $8 a month in return for access to a combination of their social media accounts, such as Facebook and Twitter, and the feed of transactions from a credit or debit card. The New York City-based startup plans to make money by charging companies for access to trends found in that information, after it has been removed of personally identifying details.

http://www.technologyreview.com/news/524621/sell-your-personal-data-for-8-a-month/

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