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

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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  • (Score: 2) by DavePolaschek on Wednesday August 08 2018, @01:36PM (2 children)

    by DavePolaschek (6129) on Wednesday August 08 2018, @01:36PM (#718766) Homepage Journal

    And, once again, I have to point out that these people own nothing. The repo man can come and take any or all of "their" property if/when they fall behind in payments.

    I have a neighbor who falls into that category. In six or seven years, she's on her fifth TV. Two were thrown in the trash with a boot-shaped dent in the screen, and two looked like they had been knocked over and had fallen to the floor (big cracks in the bezel). Nothing worth repossessing there. I sometimes wonder just how many TVs she's making payments on.

    But then she clothes her kids by buying clothes at Goodwill, then when the clothes are dirty they get thrown in a pile in the basement. Cheaper than rent-to-own-ing a washer and dryer, I guess.

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  • (Score: 0) by Anonymous Coward on Wednesday August 08 2018, @05:44PM (1 child)

    by Anonymous Coward on Wednesday August 08 2018, @05:44PM (#718876)

    But then she clothes her kids by buying clothes at Goodwill, then when the clothes are dirty they get thrown in a pile in the basement.

    Color me skeptical but how in the hell do you have access to your neighbor's basement?!? Are you sure you are not doing a bit of projecting here?

    • (Score: 1, Touché) by Anonymous Coward on Wednesday August 08 2018, @10:19PM

      by Anonymous Coward on Wednesday August 08 2018, @10:19PM (#719070)

      Some people visit their neighbors once or twice a year