Then in a few years when we discover it, they'll say they're sorry and they're trying to do better.
Facebook is changing.
Then in a few years when we discover it, they'll say they're sorry and they're trying to do better.
Facebook is changing.
Just like they repeatedly say "we don't sell your data!" they will come up with their own meanings of words and phrases to try to pacify people.
I wouldn't be surprised if they were trying to run some sort of regression of behavior against bank balance and debt load. So sure, they're not using your bank account for ads, just a proxy of your bank account for ads.
Finding proxies for income is decades old (zip code and magazine subscriptions being the classic example), but I'm not aware of anyone doing at this scale and with direct input from banks as opposed to volunteered information.
Get in Facebook, get your LinkedIn subscription 50% off for coming 20 years! (this is made up)
Disclaimer: Not a Facebook employee.