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I would really like to know what data they are sharing with Experian. If its just helping them target ads then they should explain why Experian is allowed to c

I would really like to know what data they are sharing with Experian. If its just helping them target ads then they should explain why Experian is allowed to continue, but I am more concerned with Experian being "creative" with Facebook's tools and incorporating some of that into their credit scoring models.

mbrumlow 9y ago
I am guessing it is something even worse. Like, Experian uses Facebook data to adjust credit scores. And some time in the near future your credit score will suck if you don't have a social media footprint.
- nohat 9y ago
  A social media footprint on Facebook in particular, conveniently enough.
- Spivak 9y ago
  Sure, but people already go to extreme lengths to groom their credit histories, at least this method doesn't require spending money. Just as an example, I have a friend who has an account that's older than her that her parents made for the sole purpose of bumping her score. Pulling data from more sources doesn't change the underlying problem of faceless businesses assigning people scores based on vague unknown requirements.
- Slansitartop 9y ago
  > And some time in the near future your credit score will suck if you don't have a social media footprint. People will just create fake accounts that "like" things like "saving money" and "paying off debt."
  - mechhrt 9y ago
    Sure but anyone judging your credit score isn't looking for that. "Paying off debt but not too quickly" or "Carrying enough debt to accrue interest without defaulting" are more likely what they would want to see.
bogomipz 9y ago
>"I would really like to know what data they are sharing with Experian." Sure, I think most people who use FB would. Zuckerberg has been talking a big game lately about regaining user's trust and how "we have a lot of work to do." If he were at all serious about those sentiments FB would begin providing meaningful disclosure about what data they were collecting and sharing with which third parties. They would also update their privacy settings and give user's the ability grant or deny access to the sharing of that data with third parties. Similar to how users now have to grant apps permissions to access contacts, the camera etc. FB's desire to continue operating in total secrecy and simultaneously court public trust seems to be the very height of cognitive dissonance.
- Slansitartop 9y ago
  > Zuckerberg has been talking a big game lately about regaining user's trust and how "we have a lot of work to do." If he were at all serious about those sentiments FB would begin... > FB's desire to continue operating in total secrecy and simultaneously court public trust seems to be the very height of cognitive dissonance. Is it cognitive dissonance if they're self-consciously lying? My take is nothing's fundamentally changed for them, and "the work they have to do" is distracting people until the spotlight's off, making only marginal changes in the process. Take this change, for instance, it may have nothing to do with user privacy and everything to do with pushing advertisers to FB's own targeting platform more heavily.
  - bogomipz 9y ago
    >"Is it cognitive dissonance if they're self-consciously lying?" I don't think it would be no, at least not clinically. And that actually makes the rhetorics even more insidious.
cmac2992 9y ago
As far as I'm aware, the data only flows one direction, from the 3rd party data partner into facebook, not the other way around.
- mbrumlow 9y ago
  What wait? Why would Experian send data to facebook? I thought facebook already knew enough. ALSO WTF Experian can sell my data about me to the highest bidder?
  - durub 9y ago
    It is used for income targeting in ads. Sorry about the lousy/spammy reference, but it's the best explanation I could find. From [1]: "Partner categories are, importantly, only available in specific areas. Acxiom provides data from Australia, France, Germany, the US, the UK, and Japan. CCC Marketing provides data from Japan. Epsilon provides data from the US. Experian provides data from Australia, Brazil, the UK, and the US. Oracle provides data from the UK and the US, and Quantium provides data from Australia." [1] https://boostlikes.com/blog/2017/08/target-facebook-users-income https://boostlikes.com/blog/2017/08/target-facebook-users-in...
  - cmac2992 9y ago
    Ya, that's exactly what these data brokers do. Its anonymous(when in FB ecosystem) to the end advertisers but they sell your data to ad platforms or advertisers.
- philipodonnell 9y ago
  That's why I put the word creative in there. If you ran the segmentation one way and ran some ads and then uploaded some data into Facebook and ran the same ads, you could infer what effect your added data had when combined with Facebook's data, possibly to the individual level if the person interacted with the ads/converted to a paying customer. I don't have a specific use case because its not my industry, but Facebook's approach seems to be to give people tools they know can be misused in creative ways but then frown sternly if they get misused, so it wouldn't be out of character.
deleted 9y ago
[deleted]

mbrumlow 9y ago

I am guessing it is something even worse. Like, Experian uses Facebook data to adjust credit scores. And some time in the near future your credit score will suck if you don't have a social media footprint.

nohat 9y ago
A social media footprint on Facebook in particular, conveniently enough.
Spivak 9y ago
Sure, but people already go to extreme lengths to groom their credit histories, at least this method doesn't require spending money. Just as an example, I have a friend who has an account that's older than her that her parents made for the sole purpose of bumping her score. Pulling data from more sources doesn't change the underlying problem of faceless businesses assigning people scores based on vague unknown requirements.
Slansitartop 9y ago
> And some time in the near future your credit score will suck if you don't have a social media footprint. People will just create fake accounts that "like" things like "saving money" and "paying off debt."
- mechhrt 9y ago
  Sure but anyone judging your credit score isn't looking for that. "Paying off debt but not too quickly" or "Carrying enough debt to accrue interest without defaulting" are more likely what they would want to see.

bogomipz 9y ago

>"I would really like to know what data they are sharing with Experian." Sure, I think most people who use FB would. Zuckerberg has been talking a big game lately about regaining user's trust and how "we have a lot of work to do." If he were at all serious about those sentiments FB would begin providing meaningful disclosure about what data they were collecting and sharing with which third parties. They would also update their privacy settings and give user's the ability grant or deny access to the sharing of that data with third parties. Similar to how users now have to grant apps permissions to access contacts, the camera etc. FB's desire to continue operating in total secrecy and simultaneously court public trust seems to be the very height of cognitive dissonance.

Slansitartop 9y ago
> Zuckerberg has been talking a big game lately about regaining user's trust and how "we have a lot of work to do." If he were at all serious about those sentiments FB would begin... > FB's desire to continue operating in total secrecy and simultaneously court public trust seems to be the very height of cognitive dissonance. Is it cognitive dissonance if they're self-consciously lying? My take is nothing's fundamentally changed for them, and "the work they have to do" is distracting people until the spotlight's off, making only marginal changes in the process. Take this change, for instance, it may have nothing to do with user privacy and everything to do with pushing advertisers to FB's own targeting platform more heavily.
- bogomipz 9y ago
  >"Is it cognitive dissonance if they're self-consciously lying?" I don't think it would be no, at least not clinically. And that actually makes the rhetorics even more insidious.

cmac2992 9y ago

As far as I'm aware, the data only flows one direction, from the 3rd party data partner into facebook, not the other way around.

mbrumlow 9y ago
What wait? Why would Experian send data to facebook? I thought facebook already knew enough. ALSO WTF Experian can sell my data about me to the highest bidder?
- durub 9y ago
  It is used for income targeting in ads. Sorry about the lousy/spammy reference, but it's the best explanation I could find. From [1]: "Partner categories are, importantly, only available in specific areas. Acxiom provides data from Australia, France, Germany, the US, the UK, and Japan. CCC Marketing provides data from Japan. Epsilon provides data from the US. Experian provides data from Australia, Brazil, the UK, and the US. Oracle provides data from the UK and the US, and Quantium provides data from Australia." [1] https://boostlikes.com/blog/2017/08/target-facebook-users-income https://boostlikes.com/blog/2017/08/target-facebook-users-in...
- cmac2992 9y ago
  Ya, that's exactly what these data brokers do. Its anonymous(when in FB ecosystem) to the end advertisers but they sell your data to ad platforms or advertisers.
philipodonnell 9y ago
That's why I put the word creative in there. If you ran the segmentation one way and ran some ads and then uploaded some data into Facebook and ran the same ads, you could infer what effect your added data had when combined with Facebook's data, possibly to the individual level if the person interacted with the ads/converted to a paying customer. I don't have a specific use case because its not my industry, but Facebook's approach seems to be to give people tools they know can be misused in creative ways but then frown sternly if they get misused, so it wouldn't be out of character.

deleted 9y ago

[deleted]