Tuesday, September 18, 2018

FACEBOOK and "THE TRUTH" (!)_ Facebook and Financial Firms Tussled for Years Over Access to User Data

THE WALL STREET JOURNAL

MARKETS

Facebook and Financial Firms Tussled for Years Over Access to User Data

The social network’s negotiating stance with institutions evolved

By AnnaMaria Andriotis and Emily Glazer

Sept. 18, 2018 5:30 a.m. ET

Facebook Inc. had been haggling with financial firms over its access to users’ sensitive financial information for years, well before the social-media company came under fire for its handling of personal data.

As recently as last year, the social-media company pressed financial firms for the ability to use customer data flowing through its Messenger platform for a range of purposes, including advertising, according to people familiar with the matter and documents reviewed by The Wall Street Journal. Concerned about privacy,...

READ MORE: https://www.wsj.com/articles/facebook-sought-access-to-financial-firms-customer-data-1537263000


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