2 ms·
I wonder if the banks are going to provide enough meta-data about their customers that FB will be able to know which bank you bank at, what type of accounts you
by JustSomeNobody 8y ago
I wonder if the banks are going to provide enough meta-data about their customers that FB will be able to know which bank you bank at, what type of accounts you have, etc. no matter what, ahem, privacy settings you have enabled in FB?
- throwaway2048 8y agoPrivacy settings don't make any difference to what FB can see on your account, only other people (that don't have special access from Facebook)
- ThrustVectoring 8y agoIt's going to wind up as a targeting option. You can sell a million impressions by people with a household income over $100k for far more than the untargeted impression. How it currently works is that Chase etc knows how much money you make and other banking information, so they can upload your contact info and run targeted campaigns with a combination of Chase's information on your banking & credit card info and Facebook's targeting. The change would allow Facebook to categorize you based off your Chase financial info and let other companies start paying a premium to advertise to you as well. In practice, it means that when you get approved for an auto loan and start shopping around, you'll magically start getting advertisements for cars and dealerships, since there's now something like an "approved for an Auto loan in the last 30 days" category that these businesses can target with their advertising. Or when you open a business checking account you'll start getting advertisements for point-of-sale systems.