California Might Force Silicon Valley to Pay ‘Data Dividends’ – How Will Google & Facebook Respond?
California Governor Gavin Newsom wants tech giants like Facebook and Google to pay “Data Dividends.” | Source: REUTERS / Mike Blake / File Photo
A little over four weeks since being sworn into office, California Governor Gavin Newsom has already started making enemies in the tech sector – specifically with Silicon Valley powerhouses like Google and Facebook.
Gavin Newsom is Already Making Enemies in Silicon Valley
In his inaugural State of the State Address given on Tuesday, Governor Newsom revealed that a proposal was being developed with a view toward ensuring that internet users profit from the data obtained from them by online platforms, according to The Sacramento Bee:
“California’s consumers should also be able to share in the wealth that is created from their data. I’ve asked my team to develop a proposal for a new Data Dividend for Californians, because we recognize that your data has value and it belongs to you.”
Newsom did not provide any details on how the Data Dividend proposal would work. This includes such details as to how the users of the various platforms would get paid – as well as how the amount that each user would be paid would be determined.
Want Maximum Data Dividends? Spend More time on Twitter
While the Data Dividend plan might be resisted by tech giants, it would most certainly be welcomed by users. Assuming payments for one’s data were to be based on a percentage of each platform’s average revenue per user (ARPU), the payouts would vary considerably. Consequently, one of the most profitable platforms for users would be Twitter.