Senators Mark Warner (D-Va.) and Josh Hawley (R-Mo.) will introduce legislation on Monday to require Facebook, Google, Amazon and other major platforms to disclose the value of their users’ data, as first reported Sunday evening on “Axios on HBO.”
Why it matters: Our personal data is arguably our most valuable asset in the digital age, but internet users don’t have any way of knowing how much their data is actually worth.
The big picture: Two decades ago, consumers made a bargain — we traded our data in exchange for using “free” sites like Facebook, Instagram, Google, YouTube and Twitter. Warner says he wants consumers to be more informed about the real value of what they give up in the form of, for example, location data, relationship status, data about the apps we use, our age, gender and lifestyle.
View the complete June 23 article by Kim Hart on the Axios website here.