California Governor Gavin Newsom proposed a “digital dividend” that would let consumers share in the billions of dollars made by technology companies in the most populous U.S. state. In his “State of the State” speech on Tuesday, Newsom said California is proud to be home to tech firms. But he said companies that make billions of dollars “collecting, curating, and monetizing our personal data have a duty to protect it. Consumers have a right to know and control how their data is being used.” He went further by suggesting the companies share some of those profits, joining other politicians calling for higher levies on the wealthy in U.S. society.
Newsom didn’t describe what form the dividend might take, although he said “we can do something bold in this space.” He also praised a tough California data-privacy law that will kick in next year. The world’s largest internet advertising companies, including Alphabet’s Google and Facebook are based in California. Google made more than $30 billion last year, while Facebook earned over $22 billion. Alphabet shares gave up some gains in New York trading, while Facebook turned negative, following Newsom’s comments. Representatives of the companies didn’t immediately respond to requests for comment.
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https://sanfrancisco.cbslocal.com/2019/02/14/newsom-calls-for-data-dividend-wants-users-to-profit-from-online-data/
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