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The problem here is would you trust Facebook with your wallet? I wouldn't, and I'm betting most wouldn't after all of Facebook's Privacy gaffes.

• untog 14y ago
  I'm betting most wouldn't after all of Facebook's Privacy gaffes. I think you overestimate the extent to which average users are aware of/care about Facebook's privacy gaffes.
  • chii 14y ago
    of course not - they are called average users for a reason. But when shit hits the fan and someone's privacy was violated and made the media, then FB will have a nightmare of a PR incident, and if there is money involved, probably law suits etc. Its just human nature to ignore what you can - and this privacy problem is a long term problem that tends to get ignored in the short term.
    • scotth 14y ago
      You're assuming that mistakes made in the past are likely to be repeated. It is as likely to assume that Facebook has learned from their mistakes.
      • tedunangst 14y ago
        Also, Facebook is obligated to provide the results of a privacy audit to the FTC for the next 20 years.
      • tjoff 14y ago
        You are somehow assuming that they only had a reason to learn from their last mistake. The fact that there have been numerous mistakes suggests that they don't get it and won't learn from it.
• freehunter 14y ago
  The thing is, those privacy incidents weren't gaffes: they were intentional. As far as I know, Facebook has only had one unintentional mistake when they accidentally DoS'd themselves. There might be more I'm forgetting, but the point still stands. Facebook didn't reset people's privacy settings by mistake. Getting into payment processing will expose them to SOX and PCI compliance. They'll still be able to reset your privacy settings for your profile, but they'd be sued out of business if they did something like that for your payment profile. No matter how much it looks like they do, Facebook rarely makes mistakes.