"Talk about how Facebook wants your bank data now" Mon Aug-06-18 12:37 PM by jdub1313
It's out there on the socials.
WSJ just posted an article (paywall) about Facebook telling the banks "you give us your data, we'll give you our users". Looks like Facebook wants to sell its users more options or some other shit. Say they will not sell our data to 3rd parties.
Somebody tweeted not being able to login to FB because of insufficient funds LOL
Black mirror turning into real life everyday man.
credit worthiness, card transactions, approvals/denials. all so they can target more ads??
At this point you gotta delete your account. not deactivate.
As hard as its going to be for a lot of yall, delete instagram too.
So privacy isn't expected anymore, that's where we are?
Discuss.
*edit* link from Bloomberg that references the WSJ article. Had no idea you can already pay for stuff through Messenger.
A Wall Street Journal report earlier Monday said the talks with banks are ongoing, sending shares up as much as 4 percent. The company has started to feel more urgency to make money from its properties beyond the Facebook social network since saying last month that sales growth will slow and expenses will climb in the next few years -- a forecast that sent the shares tumbling 19 percent in one day. It’s also facing questions about its ability to safeguard data following a series of scandals, including a third-party app that mishandled private user information. Some users may be wary of sharing especially sensitive financial details.
Still, Facebook has been building up user comfort with sharing financial information through its site for years. It already allows money transfer between friends and e-commerce transactions with businesses through Messenger. It also lets people buy and sell items through Marketplace, its version of Craigslist. And users in the news feed have become more comfortable using their credit cards there because of a product that enables people to ask their friends to donate to charitable causes.
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