Does Facebook sell personal data?
Facebook has long maintained that it does not sell its users’ data. But the NYT said that one of the arrangements it struck was to get contact lists from Amazon, Yahoo and Huawei, which it used to run its own People You May Know facility.
How much does Facebook make selling data?
The data of an average American is worth between $0.20 and $0.40. Facebook has about 190 million users in the U.S., so we estimate that Facebook can make between $38 million and $76 million from selling such data points on American users.
Does Facebook sell data to third parties?
Although Facebook doesn’t directly sell your data to outside parties, it does make money from it.
Why does Facebook sell your information?
No, we don’t sell your information. Instead, based on the information we have, advertisers and other partners pay us to show you personalized ads on the Facebook family of apps and technologies. Keep in mind: We can show you ads without telling advertisers who you are.