Feb 132014
 
 February 13, 2014  Posted by  Business

Tom Simonite writes:

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.

Datacoup 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.

Read more on MIT Technology Review.

I think it’s a fairly safe bet that I will not be signing up with them.  Perhaps a better question would be, “Would you pay $8 a month to keep your data from businesses?”

 

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