Shah Gilani- Money Morning - Only the News You Can Profit From.
Shah'S LATEST HEADLINES
Investing Ideas 0 Friday, August 10, 2018Facebook's Deeds May Be Dirty, but the Profits Will Be Sweet
Facebook Inc. is trying to cozy up with America's biggest banks.
Talk about a dirty hookup…
The social media behemoth has approached megabanks like Wells Fargo & Co., JPMorgan Chase & Co., Citigroup Inc., and others, hoping to sweet-talk them into sharing customers' card transaction history, their checking account balances, and other personal data.
Why? Because there's a ton of money to be made knowing how much people spend and what they buy. And there's even more money to be made developing platforms and applications that drive business to advertisers and make spending easy.
You don't need me to tell you why this is a bad idea – but I'll do that today anyway.
Plus, I'll tell you why it'll get done regardless.
However, as distasteful as it may be, there is a way to get yourself a piece of the pie.
A big piece.Here's how to do it...
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