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>"It turns out that Facebook also buys data about your offline purchases. The next time you pay for a burrito with your credit card, Facebook will learn about t
by StanislavPetrov 6y ago
>"It turns out that Facebook also buys data about your offline purchases. The next time you pay for a burrito with your credit card, Facebook will learn about this transaction and match this credit card number with the one you added in Messenger.
Something else to keep in mind next time you hear the push for a "cashless" economy.
- thrixton 6y agoI don't think a cash economy will help. Pretty soon, maybe sooner if a cashless economy doesn't take hold, they'll use facial recognition to track who purchases what to bypass any cash transactions. The solution has to be a strangthening (new) right not to be tracked which should be on by default. This may then be traded away by free services (gmail, facebook, etc..) but it would be a step in the right direction.
- NotPavlovsDog 6y agoThere's also whole-sale auctions for banking transaction data, insurance, stock holdings and, generally, anything with digital money, which is most money today, CC-related or not. And many consumers that operate with cash use merchant bonus cards or coupons that link back to their PID.