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Facebook has been in talks with banks about accessing users’ financial data and integrating it into its platform, according to a new report from The Wall Street Journal on Monday.
The report sparked immediate outrage from critics and privacy activists, who fear the Silicon Valley tech firm is attempting to gobble up ever-more information, mere months after an unprecedented crisis over how it handled user data in the Cambridge Analytica scandal.
But Wall Street has taken a very different view, and Facebook’s stock popped more than 3% on the news, with investors seemingly viewing it as another money-making opportunity for the company.
To read more about Facebook’s talks with major banks, click here.
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