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Gavin Newsom, Governor of California on Tuesday proposed a new kind of digital dividend that will ensure users share in the billions being generated by technology firms from the use of their personal data.
TheNewsGuru (TNG) reports Gavin, who made the proposal in his annual State of the State speech, said technology firms “collecting, curating and monetizing our personal data have a duty to protect it”.
If the proposal scales through, it means California’s users of Facebook and Google that raked in over $22 billion and $30 billion respectively last year, and other Internet services that collect users data, will benefit from the use of their personal data.
“Consumers have a right to know and control how their data is being used. California’s consumers should… be able to share in the wealth that is created from their data.
“And so 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, the Californian Governor stated.