Earlier this month, Breitbart’s Charlie Nash reported that Facebook, the social media giant dubbed the “world’s most dangerous censor,” is now asking banks to provide personal financial information — including account balances and transactions– as part of an effort to offer new services to users.
According to Nash, the Wall Street Journal reported that the company has been asking major banks to “share detailed financial information about their customers, including card transactions and checking account balances, as part of an effort to offer new services to users.”
The banks asked by Facebook included JPMorgan Chase, Wells Fargo, Citigroup, and U.S. Bancorp, while one “large U.S. bank pulled away from talks due to privacy concerns.”
“Facebook has talked about a feature that would show its users their checking-account balances, the people said. It has also pitched fraud alerts,” reported the Wall Street Journal, which claimed, “Facebook has told banks that the additional customer information could be used to offer services that might entice users to spend more time on Messenger.”
Despite this, Facebook claimed in a statement that the data would not be used for advertisement targeting.
“We don’t use purchase data from banks or credit card companies for ads,” said Facebook spokesperson Elisabeth Diana. “We also don’t have special relationships, partnerships, or contracts with banks or credit card companies to use their customers’ purchase data for ads.”
Is America headed for a recession?
I have two words for this. Actually, it’s more like five: “Not no, but HELL, NO.”
Let’s keep in mind this is the same Facebook that recently deplatformed Alex Jones’ Infowars, and the same outfit that is now throttling traffic to conservative sites like this one.
It’s also the same company that seems to have a problem with keeping user data private.
Remember, this is FACEBOOK — the company whose moderators can’t tell the difference between pornography and a lilac tree. It’s also the same company that’s recently been accused of hindering a murder investigation.
I can see it now… Bank customers getting 30-day bans for buying things Facebook doesn’t approve of.
Sounds crazy? Who would’ve thought three years ago that social media companies would be controlling the information we’re allowed to see? Who would’ve ever thought we’d see Silicon Valley tech giants have the monopolistic power and control they have now?
Let’s face it — Facebook is the LAST company on earth that should be allowed access to private financial information.
One cannot help but wonder: What is CEO Mark Zuckerberg REALLY up to?
- Facebook accused of hindering investigation into murder of teenage girl
- Facebook bans German author over book on migrant crime
- Opinion: Silicon Valley tech giants like Facebook, Google now a direct threat to U.S. freedom, democracy
- Video of the Day: Mike Adams calls for arrest, criminal prosecution of executives running tech giants
- Congress needs to rein in out-of-control social media giants while there’s still time
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