Facebook to banks: "Can we pretty-please have financial data of your customers?"

[DetlefK]

https://gizmodo.com/facebook-hey-can-we-pretty-please-maybe-have-lots-of-y-1828150440

According to the Journal’s report, sources say the social media giant—which, for the record, has been enjoying months of controversy over its reckless handling of user data—has reached out to major banks including JPMorgan Chase, Wells Fargo, Citigroup Inc., and U.S. Bancorp to pitch “potential offerings it could host for bank customers on Facebook Messenger.” In exchange for potential features including fraud alerts and checking-account balance checks, Facebook is asking for some of its users’ most sensitive financial information, such as their balances and where they use debit and credit cards. (Just think of the last venue you visited that you might not want a massive social media company to know about.)

...

They haven’t been entirely successful, the Journal added, with at least one bank (JPMorgan) declining due to privacy concerns. The system would be opt-in only, and Facebook told the paper that it had no plans to use the data for ad targeting or to share it with third parties:

Yeeeeeah. They also had no intention to be spied on by Cambridge Analytica.

[democratisphere]

1. Zuckerberg has lost his f'ing mind!

[malaise]

2. No anyone who is still on Facebook has lost her or his mind

Seriously

[nmgaucho]

3. I deleted my account years ago

Its an evil company