Well I declare; Facebook is sniffing around US banks to obtain users transaction data. By proxy, considering that Facebook maintains databases which compile profiles on even non-users like myself, this is dangerous territory. I have already written to the banks of whom I am an account and shareholder for assurances that they will not provide any customer transaction data to Facebook or any other Social Media company whatsoever. Whether these ‘Social Media’ companies are ‘actively’ seeking it or not. Personally I find the denials flimsy and untrustworthy.
The risk here is that Facebook, Twitter, Google et al are actively seeking to extend their tentacles into every aspect of modern life. Given these platforms propensity for shadow banning, account deletion and general censoriousness, there is good reason to suspect that once such access is gained they will use it to further their own corporate agendas, not just sell advertising. Given that these platforms have demonstrated a clear propensity for de-platforming people they disagree with, those who do not conform may find their financial affairs restricted.
Working as I do with money, which has no politics, I find the hinted intrusion of Social Media companies into the financial arena a direct threat to my affairs, even if that threat is so far existential. As far as I am concerned, Facebook (LinkedIn), Alphabet Corporation (Google, YouTube), Twitter etc. just became the bad guys, forming an ‘Axis of evil’. “Don’t be evil.” just lost the “Don’t.” These corporate monsters now represent a more insidious form of soft Fascism than anyone would have previously thought possible, but here we are. All the trust we have given them, they have routinely abused.
Over the next few days I will also be deleting my Facebook-owned professional LinkedIn account, after first informing all my real life friends and professional contacts that I am doing so via email. LinkedIn never brought me any worthwhile work offers anyway.