Facebook data is powering Stanford economist's American inequality study

Facebook is sharing some of your financial secrets with the world's leading researchers. The tech giant has offered up some of its massive treasure trove of personal data to academia.

Stanford economics professor Raj Chetty has been leading a team working on an America inequality study, and in a move that's quite rare for Facebook, the company made some of its user data available, Politico reported. 

This direct participation from Facebook means researchers are not just scrapping data from the social network or using publicly available posts. Rather, Facebook is disclosing actual data that may include demographic information and social interactions.  Read more...