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Facebook To Be 'Biggest Bank' By 2015

Posted by CmdrTaco on from the farmville-for-real-bucks dept.

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."

5 of 301 comments (clear)

  1. Metal International? Who? by Hognoxious · · Score: 5, Funny

    More like Mental International, if he thinks anyone believes bullshit like that.

    --
    Confucius say, "Find worm in apple - bad. Find half a worm - worse."
  2. LOL - Facebook credits by halo_2_rocks · · Score: 5, Interesting

    LOL - You know there is an "new" internet bubble when they start saying Facebook credits are going to be worth more than the money you have in the bank. Hmmm - I wonder where we've heard this before?!?

  3. Re:Rip off bank fees by Chrisq · · Score: 5, Funny

    Let's back WAY up.

    Facebook as a BANK?!

    How wrong is THAT?

    "FaceBook. The bank that Likes you."

    I think that to say "Facebook will be the worlds largest bank" is about as accurate as saying "Farmville will be the world's largest agricultural business".

  4. FUD, Bullshit, and lies .... by gstoddart · · Score: 5, Insightful

    I find this article to be somewhat lacking on credibility.

    This is some guy who claims to have invented "Web 3.0" telling us that traditional banks will be creating Facebook profiles on our behalf to track our credit rating? Based on what?

    âoeWhy is its important to have a profile? They are going to start using that to determine what your credit worthiness is.â

    âoeBy the way, if you donâ(TM)t have a profile they will make one for you so itâ(TM)s better for you to create it and manage it then them. Thatâ(TM)s why you want to be selective with what you put on there. If you have kids that are being idiots online make sure you stop them right away as they are creating a pretty negative profile long term and it happens often.â

    This is some marketing idiot who is trying to push an idea.

    I'm sorry, but this stupid article doesn't do anything to make me want to get a *(&%^&*$^ Facebook account. In fact, it reinforces the perception that Facebook is overhyped, with everybody thinking it's the most significant thing to ever happen.

    Biggest bank by 2015? Mandatory Facebook accounts? What drivel. Someone needs to give this guys a smack.

    --
    Lost at C:>. Found at C.
  5. Re:Rip off bank fees by MoonBuggy · · Score: 5, Informative

    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.