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Science & tech: gen z found ingenious way to cash

SCIENCE & TECH: Gen Z found ingenious way to cash in on endless doomscrolling

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They’re turning doomscrolling into dollars.

Gen Z β€” the generation glued to their screens for nearly seven hours a day β€” has found a way to cash in on their scroll time: selling their personal data.

Generation Lab, a youth polling company, just launched a cheekily named new venture called Verb.AI that pays young people to let an app track their every digital move β€” from what they browse to what they binge β€” all in the name of market research.

Gen Z spends all day glued to their phones β€” now they’re getting paid for it by selling their digital lives to the highest bidder. maxbelchenko – stock.adobe.com

β€œWe think corporations have extracted user data without fairly compensating people for their own data,” Cyrus Beschloss, CEO of Generation Lab, said per Axios.

β€œWe think users should know exactly what data they’re giving us and should feel good about what they’re receiving in return.”

In this case, that β€œsomething” is cash.Β 

The app can pay $50 or more per month, depending on activity β€” simply for installing a tracker that builds a β€œdigital twin” to answer queries for clients ranging from political groups to venture capitalists.

β€œFor decades, market research has been the equivalent of a doctor asking a patient to describe their symptoms. VERB is an MRI machine,” the company’s pitch deck boasts.

It’s the latest example of Gen Z flipping the script on data exploitation. Instead of being tracked for free, they’re getting a paycheck β€” and they’re not mad about it.

A youth polling firm just dropped a slick new side hustle called Verb.AI β€” and it’s paying Gen Z to let an app snoop on everything from their scrolls to their streams. Mdv Edwards – stock.adobe.com

β€œEighty-eight percent of Gen Z is open to sharing personal information with social media companies,” according to eMarketer, 20 points higher than older generations.



And they’re not just watching content β€” they’re inhaling it.

Gen Z consumes more content than any other age group, clocking nearly seven hours per day (6.6 to be exact), according to a recent Talker Research study.

The app shells out $50 or more a month just for slapping a tracker on your phone β€” one that builds a β€˜digital twin’ to spill your secrets to politicos and VCs. Pixels Hunter – stock.adobe.com

Some even binge for 15 hours or more.

They’re also shelling out big bucks β€” around $97.70 a month β€” on streaming services and subscriptions.Β 

No surprise, then, that nearly two-thirds of Gen Z say they consume β€œtoo much” media, with 66% admitting they feel overwhelmed by the constant barrage.

Gen Z is glued to their screens more than anyone else, clocking nearly seven hours of daily doomscrolling, according to a Talker Research study. Seventyfour – stock.adobe.com

β€œThe first step is to figure out what’s causing the excessive content consumption in the first place,” explained Natasha Thapar-Olmos, Ph.D., associate professor of psychology at Pepperdine University, as per South West News Service.Β 

β€œWithout understanding the cause, efforts to intervene will be less effective. Try keeping a log of when the behavior tends to happen and any patterns in what might precede it.”



But instead of guilt-tripping, many are monetizing.

Still, while they’re open to sharing, Gen Z also wants boundaries.Β 

A 2022 McKinsey study found they’re more likely than older adults to pay for privacy protections or wipe their data once they’re done with a service β€” proof they want control, not surveillance.

Gen Z may sell their data β€” but they’re not suckers. A 2022 McKinsey study found they’re more likely than boomers to pay for privacy or wipe their tracks clean. jittawit.21 – stock.adobe.com

If nothing else, selling your data is giving β€œselling plasma” energy β€” except now, the only thing bleeding is your battery.

With a goal of reaching 5,000 users by fall, Verb is banking on one very Gen Z truth: if they’re already being watched, they’d rather turn Big Data into big bucks.



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