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They will use the data for ads. Then in a few years when we discover it, they'll say they're sorry and they're trying to do better. Facebook is changing.
by PunchTornado 8y ago
They will use the data for ads.
Then in a few years when we discover it, they'll say they're sorry and they're trying to do better.
Facebook is changing.
- jonathankoren 8y agoProbably not directly, but I can't imagine what purpose this would be except to sell ads. That's what Facebook's business is all about. I wouldn't be surprised if they were trying to run some sort of regression of behavior against bank balance and debt load. So sure, they're not using your bank account for ads, just a proxy of your bank account for ads. Finding proxies for income is decades old (zip code and magazine subscriptions being the classic example), but I'm not aware of anyone doing at this scale and with direct input from banks as opposed to volunteered information.
- anticensor 8y agoTo launch a paid subscription version of Facebook with loyalty discounts? Get in Facebook, get your LinkedIn subscription 50% off for coming 20 years! (this is made up) Disclaimer: Not a Facebook employee.
- bogomipz 8y agoAnd their CEO will write a blog post about how they are "asking themselves hard questions." Followed by an FB advertising campaign stating "financial fraud is not your friend."
- timdavila 8y agoExactly. Just like they repeatedly say "we don't sell your data!" they will come up with their own meanings of words and phrases to try to pacify people.