Tech giants 'should pay' for sharing user info

INSUBCONTINENT EXCLUSIVE:
A new study has revealed that German Facebook users believe the social network should pay them $8 per month for sharing their contact
It is the first study of its kind to attempt to quantify the value of online privacy and data.TPI examined the habits of people in the US,
Germany, Mexico, Brazil, Columbia and Argentina to compile its study in order to assess how much privacy is worth in each country.The study
also comes at time when consumers have become increasingly concerned over how tech giants and retailers have been collecting and monetizing
their personal data.President and senior fellow at TPI, Scott Wallsten explained to Reuters how it is necessary to quantify the value of
countries suggests that people in some places may prefer weaker rules while people in other places might prefer stronger rules
want to be paid more for letting technology companies share their personal data with third-parties than US consumers do
However, people in all the countries surveyed place the highest value on financial information, such as bank balances and biometric
information, while location data is the least valuable.According to the study, a technology platform would have to pay consumers $8.44 a
month to share bank balance information, $7.56 to share fingerprint information, $6.05 to read someone's texts and $5.80 to share
information on cash withdrawals
Surprisingly, survey participants want to be paid just $1.82 per month to share their location data.We've also highlighted the best VPN
servicesVia Reuters