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Facebook eyes user banking data

Facebook eyes user banking data

Facebook has had conversations with large banks about getting access to their customers’ data for new features, the Wall Street Journal reports.

Why it matters: Facebook’s recent privacy controversies may collide with its attempts to keep users engaged, and the Journal reported that one of the banks had exited conversations with the company over privacy questions. A Facebook spokesperson told the newspaper that it doesn’t “use purchase data from banks or credit card companies for ads.”

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