Facebook wants to pay you for your data — read this before you sign up

Facebook FB, +2.18% wants to pay users to fork over their data, but privacy experts say the risks could outweigh the potential financial benefits.

The social-media giant this week announced Study, a “market research program” that will compensate willing users of Android, Google’s GOOG, -0.31%GOOGL, -0.43% operating system, in exchange for information about their phone-app use. Eligible Study participants must be 18 or older at the launch of the program and can opt out whenever they want to, the company said.

Users will be paid a flat monthly rate through their connected PayPal account.

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