Facebook's Study program pays for information about the apps you use

Facebook announced today that it has launched a new app for Android users called Study from Facebook. The app will be used to help the company conduct market research and all participants will be paid. This isn't an app that you can download from the Google Play Store at any time. Instead, Facebook will be running ads online and if you click on one, you can register to download Study. But you still have to qualify, and if you do, the app will then show up in the Play Store like magic.

Those who do sign up will learn how the app works and what information it will collect. As the late Robin Williams might have said, "Transparency. What a concept." Facebook also is now sensitive to the use of teen data and will require that those installing Study be 18 years of age or older. And yes, participants will be able to opt out at any time. Right now, the program will be available only in the U.S. and India.

Facebook says that the information it collects will include:

The Study app will not collect user ID's, passwords, or content stored on your phone. The information is not sold to third parties, used to serve optimized ads, or added to a user's Facebook account if they have one.

While Facebook doesn't say how much it will pay you for this data, it does say that participants will earn money for sharing how they use apps.