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Facebook Wants Your Banking Data

posted by martyb on Wednesday August 08 2018, @01:12AM   
from the please-practice-pragmatic-paranoia dept.

bradley13 writes:

Facebook wants banks to "share detail financial information about their customers, including card transactions and checking account balances". Summary article here, original paywalled WSJ article here, alternative link may avoid paywall.

Facebook says that "it wouldn't use bank data for ad-targeting purposes", and that they "don't have special relationships, partnerships, or contract with banks or credit-card companies to use their customers, purchase data for ads." You can just hear the missing word yet. In fact, later on the article specifically says "As part of the proposed deals, Facebook asked banks for information about where its users are shopping with their debit and credit cards".

Of course, the great mass of people will have no problem allowing Facebook into their financial lives...

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Original Submission

• Re:It's obvious now Re:It's obvious now (Score: 3, Interesting) by stretch611 on Wednesday August 08 2018, @07:36AM (3 children)

  by stretch611 (6199) on Wednesday August 08 2018, @07:36AM (#718693)

  Just remember, when you think of how stupid the average person is... think a second more and realize that half the people are even worse.

  --
  Now with 5 covid vaccine shots/boosters altering my DNA :P

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  Starting Score:	1		point
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• Re:It's obvious now Re:It's obvious now (Score: 0, Insightful) by Anonymous Coward on Wednesday August 08 2018, @09:06AM (1 child)

  by Anonymous Coward on Wednesday August 08 2018, @09:06AM (#718710)

  Just remember, when you think of how stupid the average person is... think a second more and realize that half the people are even worse.

  That being the case, you should also consider that you don't understand what a median average is or that 95% of scores on IQ tests are within two standard deviations.

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  • Re:It's obvious now (Score: 2, Insightful) by Anonymous Coward on Wednesday August 08 2018, @07:48PM

    by Anonymous Coward on Wednesday August 08 2018, @07:48PM (#718956)

    that 95% of scores on IQ tests are within two standard deviations.

    I want to know just how wide that standard deviation is. From what I've seen, I'd guess 20 points.

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• Re:It's obvious now (Score: 2) by Pslytely Psycho on Friday August 10 2018, @08:58AM

  by Pslytely Psycho (1218) on Friday August 10 2018, @08:58AM (#719843)

  Damn but I miss Carlin's cutting wit.
  Nothing of that caliber left today unfortunately.

  --
  Alex Jones lawyer inspires new TV series: CSI Moron Division.

  Parent