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Facebook Sold Your Private Data To Advertisers So Now More Evil Via GlobalCoin

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Facebook has been selling four types of information about users to advertisers. They sell demographics, location, interests and behaviors.

Facebook leverages all of your personal information via your likes, groups, friends and via spying on your other smartphone apps.

The Winklevoss brothers were involved in the early days of Facebook and later had a large role with bitcoin and other cryptocurrency.

Facebook CEO Mark Zuckerberg have had discussions with the Winkelvoss brothers about the planned Globalcoin that Facebook wants to use to create a global cryptocurrency.

Facebook wants to use Globalcoin to gain advantages of a bank and the benefits of controlling a global currency but with the least regulation.

Facebook has the money to buy off many government officials around the world.

They will be targeting developing countries. Normally one would think that getting the unbanked in developed countries into a financial system would be a good thing. However, Facebook’s track record suggests that this will be abused in every way possible.

11 thoughts on “Facebook Sold Your Private Data To Advertisers So Now More Evil Via GlobalCoin”

  1. OK, I didn’t know about the location and other actions when not using the app.

    I’ve not paid that much attention because I certainly don’t use FB.

  2. It’s not only about what you post, nobody knew until recently that they were tracking your location and many other actions on your phone even when not actively using their app.

  3. The “usual payment” for using facebook is free.

    I don’t see what you’re getting at here.

  4. Don’t people have a right to demand usage of Facebook et al without the usual payment. Why must they be forced to stop using FB inorder to avoid payment, shouldn’t the state harm FB et al until they provide a pathway free of all costs to users.

  5. Actually FB doesn’t sell any private data to advertisers but instead allows advertisers and their agencies to target ppl with certain demographics and other characteristics on their platforms (FB, Insta and partially WA).

    I had predicted that FB will be introducing their own cryptocurrency which not only would put a largely unregulated currency into their hands but also will allow them to benefit and not suffer from a possible disintermediation in the online advertising field.

    Scary …

  6. Get over it.
    It’s not like anyone put anything on facebook that they didn’t want to become public. That was the entire point after all.

    OH NO! If I publish something on the World Wide Web it turns out to be public, world wide, on the web.

    Next major revelation: Publishing your details in a newspaper is not a key to keeping them secret either.

  7. Now they will know I like butter in my coffee! No, not really, I sign into FB maybe 2 or 3 times a year to dismiss messages.

  8. I’d imagine that many nations aren’t going to like global coin and might cut the connection to Facebook over it.

    I don’t miss Facebook.

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