Apparently figuring its reputation isn’t bad enough, Facebook has been asking banks to share customer data — including bank balances and recent purchases. Enough, already.
Over the past year, the social-media giant has asked JPMorgan Chase, Wells Fargo, Citigroup and US Bancorp, as well as Google and Amazon, to discuss a feature that would show users their checking-account balances, The Wall Street Journal reports. Facebook has also pitched the idea of sending fraud alerts.
The banks have declined, citing … their duty to keep customers’ data private. Yay — and duh, too.
Consumers don’t need Facebook snooping, however “helpfully.” And while financial institutions can likely make e-banking easier and more convenient (but still safe), bringing Facebook’s Messenger app into the mix seems beyond superfluous.
Anyway, Team Zuckerberg has a long way to go to restore trust, what with its ongoing “shadow profile” issues, not to mention the no-consent abuse of some 87 million Facebook users’ data in the Cambridge Analytica scandal.
We understand the company’s in a pickle just now — signs its profits are decelerating have slammed its stock of late. But really, it’s high time Facebook starts thinking about growth that isn’t based on a creepy stalker model.
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