Facebook To Be 'Biggest Bank' By 2015

angry tapir writes "The explosion of social networking commerce will lead to the unlikely candidate of Facebook becoming the world's biggest bank by the middle of the decade, according to a technology observer and entrepreneur. People who don't have a Facebook account should get one or risk having a financial profile created for them says founder and president of Metal International, Ken Rutkowski."

Comments

Re:Rip off bank fees

[MoonBuggy]

For those who haven't RTFA, that's actually a pretty good analogy. The reasoning they use seems to go something along the lines of: "Facebook credits are kind of like money. Also Facebook has a shitton of users. They'll probably be dealing direct with banks for an exchange mechanism soon enough. That makes them a bank with a shitton of customers, right?".

By some fairly tenuous leaps of logic I can see what they're getting at, but it's hardly what the headline claims.

XKCD

[Sechr Nibw]

I can't believe this hasn't been posted yet...
http://xkcd.com/605/

Re:mod

[TaoPhoenix]

Metamod 30 posts in 6 batches of five per day maturely mostly modding up, except for a goatse down, without playing games and you'll get some soon.