According to Wall Street Journal’s article, two major credit-card companies, Visa Inc. and MasterCard Inc., are planning to use their customers’ buying history to deliver targeted ads online. I don’t know how do you feel about this, but I think that this is outrageous. Those companies are entrusted with our money. They have so much power already, but they want even more? Google and Facebook have enormous databases and now we will have Visa and MasterCard spying on us? It’s major privacy issue, that’s for sure.
I hope that European Commission will look into this. Ideally, companies should be prohibited from sharing their customers’ data with third-party and punished harshly for any data leak. Naturally I do not expect to see such laws implemented in the near future, I’m not naive. There is just too much money in the targeted ads’ market.
Do you live in Europe and have a grudge against Facebook? Want to make the life of people working there as miserable as possible? Reddit users found a way how to really annoy them.
According to European data protection law every individual has the right to get a copy of all personal data a company holds about him. Sounds reasonable, right? I would presume that normally there is pretty small number of people, who want to exercise this right. But imagine what could happen, if thousands of people would request their personal data from Facebook. Reddit users decided that it would be actually fun to try. The outcome is predictable:
Facebook wants to gather even more data on all of their users. You didn’t think that it is even possible? Then check their recent video:
User profiles will be soon redesigned and presented as a timeline. Other users will be able to rummage through the events from your biography, check your old photos, and the like. It’s identity thief’s dream made reality.
By the way, Facebook disabled comments for this video. Probably because their predicted what kind of reaction this video will trigger.