How does Facebook and Google make money from data?

Targeted adverts are one of the biggest moneymakers for Facebook. By utilising the vast amount of personal data from the 1.71 billion active users, the social media giant can tailor adverts to suit your situation.

How does Facebook make money from data?

“There’s a very common misperception about Facebook — that we sell data to advertisers,” Zuckerberg said on Tuesday. “And we do not sell data to advertisers. We don’t sell data to anyone.” Indeed, Facebook makes it money through advertising. Facebook doesn’t provide data to advertisers — it does the work for them.

How does Google profit from data?

While the company earns its cash in many different ways, it primarily earns its revenue on the back of your Google data. With this system, Google can help advertisers pinpoint the exact demographics to which they might want to advertise. This revenue stream makes up the bulk of that daily $400 million cash flow.

How does Mark Zuckerberg make money off Facebook?

⚙️ How Does Facebook Make Money from Advertising. Facebook makes money by auctioning off space for ads within Facebook and Instagram users’ feeds and stories. Advertising represents 98\% of Facebook revenue.

Does Facebook sell my data?

Even though companies like Facebook and Google aren’t directly selling your data, they are using it for targeted advertising, which creates plenty of opportunities for advertisers to pay and get your personal information in return.

Does Google share Facebook data?

Facebook shares user data with Google, Apple, and Microsoft without consent.

How is Whatsapp making money?

Whatsapp is earning its revenue through two different ways: 1) Subscription Fee: Whatsapp allows it’s user to enjoy the services for free for first year. However, after that it charges $0.99 for continued service. All the conversations on Whatsapp are backed up on Whatsapp servers constantly.

Does Facebook and Google sell your data?