Passive Income? New Start-Up Would Pay you to Share Personal Data

[franky1]

issues:
company helping you data scrape other services = they access your other accounts
company promising or asserting it will give you continual income
once company sells on your data.. its done, over, other companies have your data but not obligated to pay you while they can themselves sell the data on and on and on and on

passive income is when you set up a business you then just become a silent partner and jsut let the cheques roll in, or a royalty or a fee per use

this scheme is neither of those

its a give too much to them once, they may pay you low amount maybe twice then your name/personal details appears everywhere and resold a million times with you getting nothing

its been done to death many times before.
the only success is where people create 10 persona's for themselves a day. and sell them to these schemes where it becomes a full time job making fake"you" each day to sell

best advice. much like signature spammers on this forum create new accounts to make nonsense posts each day

create new persona's each day and sell them to the schemes advertising as selling data to make you profit... just dont give them your real info. that way you lose nothing but the time of creating "fake you's"

[The Sceptical Chymist]

I remember seeing something similar a few months ago, unless I'm mistaken.

Me, too.  I read about it in a print magazine that had other articles on crypto, and though the service being offered was different (I think this company was paying for people's biometric data with crypto), it was basically the same type of operation--paying for your data outright instead of sneakily stealing it like big corporations do.

And yeah, I agree with others that people can do what they like, but this kind of thing basically preys on the ignorant and desperate and I don't like it at all.  The more data companies and/or governments have on people, the worse off we are.

[xSkylarx]

So they are really doing this just to gather your data. $50 per month to remove your privacy; I'm sure many people will agree to this because they don't realize how dangerous and not good it is to be without privacy. I won't say yes or no with this since $50 per month is already huge to us and we are in need of money, but at the same time we need privacy. That is why we really won't be very vocal on social media because we want privacy.

[AicecreaME]

The startup, Caden Inc., operates an app by the same name that helps users download their data from apps and services—whether that’s Amazon.com Inc. or Airbnb Inc. —into a personal “vault.” Users who consent to share that data for advertising purposes can earn a cut of the revenue that the app generates from it. They also can access personal analytics based on that data. The idea of giving consumers a cut of whatever brands might pay to reach them isn’t new, but it has been reinvigorated as outside companies have found it harder to harvest and share so-called third-party data. The digital ad industry has been seeking new sources of the consumer data that guides online marketing efforts as traditional tracking techniques have come under pressure. A new Apple policy last year requires apps to ask permission to track users, for example, permission that many people have declined to give.

Would you share personal your data to an ad company for a pay? The data will be used for advertising purposes where you can earn a cut of the revenue that the app generates from it. This data would include- what you buy or watch on your mobile device. For instance, a user could consent to sharing his ride-share history so advertisers could create segments of people who ride a certain amount. That would eventually pay consumers up to $50 a month. Can you do it? Could this be considered as a passive income?

News Source

I wouldn't even do this even if this is my last resort to earn money. Personal data is meant to be shared only if it is needed, but the other party of course is legit and know what's the law regarding about privacy in this matter. Don't share your data especially online just for some few bucks, because the consequences later might be more expensive than that, be wise.

[jaberwock]

Anything that can give us a continuous stream of income without doing a repetitive job is considered a passive income.  People shares their moments on FB and other social media, so I do not think an issue for them to share some of their personal data that will generate income.  It doesn't share your bank account and address anyway.  Those FB users already exposed their identity so I think there is nothing to be concerned about the apps as long as it is legitimate.  

I am talking about people who are very public on social media but  I won't do it.   I won't sell my privacy for a mere $50 a month besides, I can still provide my family with a decent lifestyle and I am not desperate at this moment to sell my privacy for a mere $50 a month (this won't even suffice for single person's 1month meal).

Wont really that ideal nor really that worth for 50 bucks a month even if its passive but its something that you cant just easily share up or giving access on what you do browse or something like that.

Even if we are living on a high-tech era where everything is almost exposed specially on socmed but there are things which arent really supposed to be share up.I cant just take off the risk
just for that amount but if we are talking with some 4 digit or 3 digit then i might be having some reconsideration but for 50 bucks then
it isnt really just worth.

Well, for you yes maybe because you are a high earner but for someone who earn low or don't have any job at all then they will grab this opportunity and usually those types of people doesn't really care about their data's or privacy if it will be exposed or not. They think 50 bucks per month from doing nothing is already decent.

I think this wasn't the first company to implement an idea like this but I already came across one before. I think it was swash if I am not mistaken but it only works in the browser of our pc and laptop as it was a browser extension. I even tried it before but the pay isn't that great although the pay isn't in a monthly basis but it can be earlier than that.

[Swordsoffreedom]

At least Caden Inc, are intending to pay us when they collect our personal data, they are not as bad as Google or Facebook are doing to us. They silently mine all the user's data without reporting or paying the user a dime. I believe a lot of people are using social media, which seems appealing to them, as they are the ones who usually show off everything on social media, so it won't affect them much. As for me, I'm trying to protect myself from this crap, I used to have to change my phone numbers when giving them to real estate agents. And I don't think my personal data can be bought so cheaply .

[stompix]

This is something I'd personally only do if I'm struggling and in dire need of money. I'd imagine most of their customers would be people in poorer countries.

How much you would pay for the spending habits of a guy who earns 200$ a month and only pays his bills and buys the cheapest food to support his family, somebody that doesn't eat at restaurants, hasn't set foot once in a cinema, and will need to work for 200 years straight to buy the cheapest car?
I think a lot of people exaggerate what their data is worth for those companies, look at what you're spending based on ads, think about what profit margin those guys have on a sale, and then decide how much they think you're worth.

For instance, a user could consent to sharing his ride-share history so advertisers could create segments of people who ride a certain amount. That would eventually pay consumers up to $50 a month, Caden said.

Yeah right, and who is going to pay 100$ because as obviously, this company will take half of that money for their 'help" to find out that x goes from y to z?
This is just wishful thinking, the said company could just hand 25$ in gift card money to customers that link their google maps profile to their app and it will get more customers and info about them than from such a deal! If a guy is willing to sell his uber history for 50$ he will sell his google maps for 50$ for sure.

[goaldigger]

I want to earn passive income and just do not know what to do. In future I want to be a part of big influential things and also other such things that could be beneficial for me.

If you are willing to give out your personal information then you might want to try this, and earn some passive income.
Honestly, I don't have any trust anymore with my social accounts online because I know they are already giving out my information and selling it, this is why I'm receiving an ads even if its not my interest. Anyway, Facebook will pay a big penalty because of spreading the information of their users and that is the proof that those companies are really involve into this kind of scheme, they are selling our personal information.

[teosanru]

The startup, Caden Inc., operates an app by the same name that helps users download their data from apps and services—whether that’s Amazon.com Inc. or Airbnb Inc. —into a personal “vault.” Users who consent to share that data for advertising purposes can earn a cut of the revenue that the app generates from it. They also can access personal analytics based on that data. The idea of giving consumers a cut of whatever brands might pay to reach them isn’t new, but it has been reinvigorated as outside companies have found it harder to harvest and share so-called third-party data. The digital ad industry has been seeking new sources of the consumer data that guides online marketing efforts as traditional tracking techniques have come under pressure. A new Apple policy last year requires apps to ask permission to track users, for example, permission that many people have declined to give.

Would you share personal your data to an ad company for a pay? The data will be used for advertising purposes where you can earn a cut of the revenue that the app generates from it. This data would include- what you buy or watch on your mobile device. For instance, a user could consent to sharing his ride-share history so advertisers could create segments of people who ride a certain amount. That would eventually pay consumers up to $50 a month. Can you do it? Could this be considered as a passive income?

News Source

I think it's great, see anyways companies are going to take away your data even without your proper consent, so it's better if you can properly sign up for this and even get paid for it. I see this as an absolute win. I think this a good example of web 3.0. where the user is incentivized as well for giving.

[Ultegra134]

I remember seeing something similar a few months ago, unless I'm mistaken.

Me, too.  I read about it in a print magazine that had other articles on crypto, and though the service being offered was different (I think this company was paying for people's biometric data with crypto), it was basically the same type of operation--paying for your data outright instead of sneakily stealing it like big corporations do.

And yeah, I agree with others that people can do what they like, but this kind of thing basically preys on the ignorant and desperate and I don't like it at all.  The more data companies and/or governments have on people, the worse off we are.

I think we're talking about the exact same application with biometrics.

Anyway, on the one hand, I find it saddening that people would be willing to sell their data for a few bucks, but on the other hand, I believe that we're already providing corporations with a huge amount of data for free. From a little research I did on their website, this start-up is capable of extracting data from apps like Netflix, Amazon, Spotify, etc., analyzing them, and providing you with insights depending on your preferences. So far, it sounds harmless enough; would I do it though? Probably not.

We'll see how it plays out; it's still in beta testing, and I expect to see more information in the near future.

[Cookdata]

Would you share personal your data to an ad company for a pay? The data will be used for advertising purposes where you can earn a cut of the revenue that the app generates from it. This data would include- what you buy or watch on your mobile device. For instance, a user could consent to sharing his ride-share history so advertisers could create segments of people who ride a certain amount. That would eventually pay consumers up to $50 a month. Can you do it? Could this be considered as a passive income?

News Source

This reminds me of a time when Facebook paid people to keep an APP on their phone without doing anything with the app in return, they will pay you $30 every month at the end of the month, which may be more than the amount as it depends on your location, I believe New York (US) were highly paid during that period to keep the app running in the background and some people were using VPN to bypass the restriction from forbid countries and after few months, they ended the loyalty program.

There are two sides to the outcome of a paid tester, the company may receive inaccurate data from people because most restricted users would want to use that opportunity to earn as well, and anyone who agrees to receive a penny for their privacy to be used as a lab rat does not value himself/herself, you are being paid because they need something from you, otherwise, they would have used their family members. We should value privacy above money.

[livingfree]

$50 per month for allowing advertising companies to know your ride history? Thanks but no thanks!

That's totally dangerous when you're aware someone's monitoring where you're going and much worse that it's passed on to other advertising companies.

You'll never know if the people behind that knows your ride history or any important detail can be trusted or might sabotage you. Just a plain no although I'm aware that there's no way out on this through the apps we use today.

[Smartprofit]

The startup, Caden Inc., operates an app by the same name that helps users download their data from apps and services—whether that’s Amazon.com Inc. or Airbnb Inc. —into a personal “vault.” Users who consent to share that data for advertising purposes can earn a cut of the revenue that the app generates from it. They also can access personal analytics based on that data. The idea of giving consumers a cut of whatever brands might pay to reach them isn’t new, but it has been reinvigorated as outside companies have found it harder to harvest and share so-called third-party data. The digital ad industry has been seeking new sources of the consumer data that guides online marketing efforts as traditional tracking techniques have come under pressure. A new Apple policy last year requires apps to ask permission to track users, for example, permission that many people have declined to give.

Would you share personal your data to an ad company for a pay? The data will be used for advertising purposes where you can earn a cut of the revenue that the app generates from it. This data would include- what you buy or watch on your mobile device. For instance, a user could consent to sharing his ride-share history so advertisers could create segments of people who ride a certain amount. That would eventually pay consumers up to $50 a month. Can you do it? Could this be considered as a passive income?

News Source

Yes, of course, monthly receipt of $ 50 can be considered passive income. 

At the same time, you need to understand that by receiving these 50 dollars a month, you provide very important information about yourself to strangers. 

Will there come a time when you will regret it?  Will there be a situation when this information (this data) will be used against you?

I am very wary of the idea of ​​providing my personal data to third parties.

[vv181]

Truth be told, for average Joe who uses the same email for all of their platform/application usage, they are somewhat already has a personal vault of their own data. That is what Google and Meta have been doing, and many more companies who share consumer data.

The main target of this kind of startup, besides the mentioned tech early adopters and couponers as stated in the article, is the people who already do not give a single care about their own digital identity, and the people who are willing to sacrifice their own personal data for some bucks. The thing is, this kind of idea will give the users some "shares", which is might a good thing if they decide to do it and comprehended the awareness of their personal data belonging.

[Mr.right85]

That would eventually pay consumers up to $50 a month. Can you do it? Could this be considered as a passive income?

News Source

$50, really! Surely not worth the risk. As I've lost far more than that in not going through KYC on platforms that are fairly trusted not to mention giving an unknown company the right to understudy me for $50 monthly.

It's a passive income alright and even in the event that they are legit, its just something I won't do. These guys aren't just understudying you but putting you out there for the public as well and who knows whom might gain interest in your activities, directly bringing you in harms way.
Also, you just might get phished on and you can hardly link it bak to them. Especially after the expiration of your contact with them and a malware has already by installed on your device.

In our today society, there is a greater level of safety by not being too exposed.

[franky1]

I think a lot of people exaggerate what their data is worth for those companies, look at what you're spending based on ads, think about what profit margin those guys have on a sale, and then decide how much they think you're worth.

For instance, a user could consent to sharing his ride-share history so advertisers could create segments of people who ride a certain amount. That would eventually pay consumers up to $50 a month, Caden said.

Yeah right, and who is going to pay 100$ because as obviously, this company will take half of that money for their 'help" to find out that x goes from y to z?

to expand on what your saying

that $50 is fiction
its the pretend total industry amount from data thats sold and resold
in short your data is worth 0.00000412 to and end company and 0.10 to a data scraper and 0.05 to you ..(should they 50% profit share)

here is how it plays out
a data scraper gets data, its sold brokers and to eventually millions of companies and if you add on those resells down main layers of broker traders and add up the volume..
then it appears as being $50 complete market volume for your data point

the thing is scrapers dont sell direct to companies. they sell to brokers where broker then resell to companies where by if a broker says they have 500 companies wanting said data
the scraper would charge
0.000212 per data point
which if the scraper has access to say 500 brokers
nets the scraper 0.1 per data point

however
once those 500 brokers have it they sell that data on.. the first scraper gets nothing for it. thus the customer gets nothing

data is only valued at such a rate for NEW data.
for instance names and emails of people have been cycled so much its only worth $0.000004  per name+email

however if there was a NEW data point no one has ever asked or stored. for instance. how many times a man [used a breath mint and deodorant and wears a clean shirt on a date with someone they met on tinder]..

that would be worth $0.000004 to tinder.. and some other dating apps and some deoderant and breath freshner companies each

but not worth a combined $50 to the scraper

[Mauser]

Would you share personal your data to an ad company for a pay? The data will be used for advertising purposes where you can earn a cut of the revenue that the app generates from it. This data would include- what you buy or watch on your mobile device. For instance, a user could consent to sharing his ride-share history so advertisers could create segments of people who ride a certain amount. That would eventually pay consumers up to $50 a month. Can you do it? Could this be considered as a passive income?

Finally a company that wants to give something back to the users which have been giving away all their personal information for free over the last 10 years. It's a good idea in my opinion and I would consider signing up there when going back to social media. I never used Instagram, TikTok or any other of the new social media companies. My Facebook account I closed down long time ago as I am against all the personal information that is being collected and sold without me knowing about it. I mean if a company gets the rights to all the pictures that are being posted online something is wrong in my opinion. There are some nice documentaries about the whole business model behind Facebook and how they are able to influence what people read online. For me these big companies have too much power and don’t even pay the people which they generate their money from. This is a good step forward as consumers should be made aware of how much money company can extract from our personal information. So if our data is being collected and sold to different companies at least pay us for it.

[Findingnemo]

The startup, Caden Inc., operates an app by the same name that helps users download their data from apps and services—whether that’s Amazon.com Inc. or Airbnb Inc. —into a personal “vault.” Users who consent to share that data for advertising purposes can earn a cut of the revenue that the app generates from it. They also can access personal analytics based on that data. The idea of giving consumers a cut of whatever brands might pay to reach them isn’t new, but it has been reinvigorated as outside companies have found it harder to harvest and share so-called third-party data. The digital ad industry has been seeking new sources of the consumer data that guides online marketing efforts as traditional tracking techniques have come under pressure. A new Apple policy last year requires apps to ask permission to track users, for example, permission that many people have declined to give.

Would you share personal your data to an ad company for a pay? The data will be used for advertising purposes where you can earn a cut of the revenue that the app generates from it. This data would include- what you buy or watch on your mobile device. For instance, a user could consent to sharing his ride-share history so advertisers could create segments of people who ride a certain amount. That would eventually pay consumers up to $50 a month. Can you do it? Could this be considered as a passive income?

News Source

Google is already tracking all the personal data and file manager if we have Google photos and they are making money by selling it to advertising companies but we in general trust the Google and feel we are in safer hands but the same kind of trust may not be expected in a start-up company so even for the pay it will take lot of time to get their customers and build the database required.

[xSkylarx]

The startup, Caden Inc., operates an app by the same name that helps users download their data from apps and services—whether that’s Amazon.com Inc. or Airbnb Inc. —into a personal “vault.” Users who consent to share that data for advertising purposes can earn a cut of the revenue that the app generates from it. They also can access personal analytics based on that data. The idea of giving consumers a cut of whatever brands might pay to reach them isn’t new, but it has been reinvigorated as outside companies have found it harder to harvest and share so-called third-party data. The digital ad industry has been seeking new sources of the consumer data that guides online marketing efforts as traditional tracking techniques have come under pressure. A new Apple policy last year requires apps to ask permission to track users, for example, permission that many people have declined to give.

Would you share personal your data to an ad company for a pay? The data will be used for advertising purposes where you can earn a cut of the revenue that the app generates from it. This data would include- what you buy or watch on your mobile device. For instance, a user could consent to sharing his ride-share history so advertisers could create segments of people who ride a certain amount. That would eventually pay consumers up to $50 a month. Can you do it? Could this be considered as a passive income?

News Source

Google is already tracking all the personal data and file manager if we have Google photos and they are making money by selling it to advertising companies but we in general trust the Google and feel we are in safer hands but the same kind of trust may not be expected in a start-up company so even for the pay it will take lot of time to get their customers and build the database required.

We have no idea what will happen to that start-up company because, if they are giving $50 per month, how are they going to profit from one of us? It is some sort of passive income, and it is also kind of fishy since they can't pay all the users since I am sure there are a lot of people globally signed up on that platform. In terms of Google, we can be sure that it is really in good hands, and their data protection is good, but if we are really into our privacy, aside from Google, let's just keep our privacy to ourselves.

[Cryptomultiplier]

That would eventually pay consumers up to $50 a month. Can you do it? Could this be considered as a passive income?

News Source

$50, really! Surely not worth the risk. As I've lost far more than that in not going through KYC on platforms that are fairly trusted not to mention giving an unknown company the right to understudy me for $50 monthly.

It's a passive income alright and even in the event that they are legit, its just something I won't do. These guys aren't just understudying you but putting you out there for the public as well and who knows whom might gain interest in your activities, directly bringing you in harms way.
Also, you just might get phished on and you can hardly link it bak to them. Especially after the expiration of your contact with them and a malware has already by installed on your device.

In our today society, there is a greater level of safety by not being too exposed.

Rightly put! Am more or less concerned about the exposure to phishing sites and as we all know, the internet never forgets. Even if the said company folds up tomorrow, your data will still remain on the internet. I don't know about you, but unless I have more than one phone, with several alais and login credentials then I can't obviously consent to such kind of intrusion as an advert for $50 monthly. Its rather too intrusive on my privacy.