Okay kiddo, let me explain to you what a data broker is. Imagine that you have a big collection of toys that you don’t want anymore. You decide to sell those toys to your friends for a small price, but you also tell them everything about each toy, like what color it is and how old it is.
Well, a data broker is someone who collects a lot of information about people and then sells that information to other companies, just like you sold your toys to your friends. But instead of toys, they collect information about people like how much money they make, where they live, and what they buy.
These companies can use the information they buy from the data broker to try to sell things to people, like toys you don’t want anymore. Sometimes they use this information to try to help people, like finding them a job or getting them a good deal on something they need. But sometimes they use it to trick people into buying things they don’t need, or to be mean to them.
So it’s important to be careful about who knows your information and what they might do with it!