Facebook wants your financial data

The social-media giant has asked large U.S. 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.

Facebook increasingly wants to be a platform where people buy and sell goods and services, besides connecting with friends. The company over the past year asked JPMorgan Chase Co., Wells Fargo & Co., Citigroup Inc. and U.S. Bancorp to discuss potential offerings it could host for bank customers on Facebook Messenger, people familiar with the matter said.

What the hell does this man want? There is no reason for Zuckerberg to have your personal financial data. Personally, I’m considering dropping Facebook.

Author: Chris Blackwood

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