Last month, former presidential hopeful Andrew Yang launched a new initiative called the Data Dividend Project that would force social media companies to compensate users for the use of their data.
In 2019, California governor Gavin Newsom also called for creating a digital dividend.
DDP aims to build off the successes of the Consumer Privacy Act to establish a digital dividend.
Second, it is clear that Yang’s digital dividend, which he says would be “something like $20, $50, or $100,” is far too steep.
Third and most importantly, Yang wants to force Facebook and other firms to become cash payment business models, which would be a death sentence.