Facebook wants your data so bad it'll pay you for it

The interface for Facebook's new app Study which pays users who let their phone be tracked is seen in images released by the company

The interface for Facebook's new app Study which pays users who let their phone be tracked is seen in images released by the company

The apps installed on your phone.

The market research initiative, called "Study" is a programme that FB is introducing to legally seek information about users' internet browsing and app downloads, as it tries to tune its platforms and apps to current user trends and habits. The app will be used to help the company conduct market research and all participants will be paid.

Not anyone can participate in Study.

The app is now only available on the Google Play Store and not on the Apple App Store, so only Android users can register for it. Participants will also need to provide their PayPal account which will be used for the financial compensation.

"We believe this work is important to help us improve our products for the people who use Facebook", Facebook said in a post announcing the launch of Study.

The company's product manager, Sagee Ben-Zedeff, assured users that Facebook won't sell any of the data to third parties, or use it for ad targeting.

The research app allows users who are 18 and older to participate and can be opted out anytime they want.

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The Android app is only meant for adults residing in the U.S. and India.

The Mark Zuckerberg platform promises to not snoop through any personal files and whatever data is collected, will be kept safe and away from any third parties.

Participants must be 18 years old, and now it is only available to people in the US and India.

Facebook will also know where a user if from, what phone or device they're using as well as their network connectivity details.

In retaliation, Apple temporarily suspended all of Facebook's internal apps, including those that employees use to schedule meetings and look up shuttle schedules, essentially bringing numerous company's processes to a halt.

Facebook said it is not collecting user IDs, passwords or any content like photos, videos or messaging.

"Providing users this up front sort of notice is definitely a good thing, and should be the norm for any company which markets, advertises or otherwise makes use of users' personal information for generating revenue", said Nathan Wenzler, the senior director of cybersecurity at wealth management firm Moss Adams. You can register by clicking on the ad and if you are qualified, you will be invited to join the app.

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