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Facebook To Be 'Biggest Bank' By 2015

CmdrTaco posted more than 3 years ago | from the farmville-for-real-bucks dept.

Businesses 301

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."

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301 comments

Rip off bank fees (4, Interesting)

vlm (69642) | more than 3 years ago | (#35806476)

How will it work culturally to have rip off bank fees on a "free" social networking site? If someone complains in a post about being ripped off, will they censor? Or will it be part of the criminally enforceable terms of service not to disparage FaceBank?

Re:Rip off bank fees (2)

TaoPhoenix (980487) | more than 3 years ago | (#35806542)

Let's back WAY up.

Facebook as a BANK?!

How wrong is THAT?

"FaceBook. The bank that Likes you."

Re:Rip off bank fees (5, Funny)

Chrisq (894406) | more than 3 years ago | (#35806572)

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".

Re:Rip off bank fees (1)

david.emery (127135) | more than 3 years ago | (#35806856)

Someone with points mod parent up. Best line I've seen in quite a while!

Re:Rip off bank fees (5, Informative)

MoonBuggy (611105) | more than 3 years ago | (#35806898)

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.

Re:Rip off bank fees (0)

Anonymous Coward | more than 3 years ago | (#35807060)

I don't buy it.

I'll take my chances managing my real money in the real world.

Re:Rip off bank fees (2)

ackthpt (218170) | more than 3 years ago | (#35806976)

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".

Or - Facebook owned mostly by Mark Zuckerberg.

After yesterday's news about the Ceglia case and the way Zuckerberg has been diluting his share, if he ends up with 16%, he'll end up with far less than that.

I'm waiting for what follows Facebook, thanks.

Re:Rip off bank fees (2)

thsths (31372) | more than 3 years ago | (#35806620)

> "FaceBook. The bank that Likes you."

Facebook - the first bank you don't want to trust, but you have to.

Re:Rip off bank fees (0)

Compaqt (1758360) | more than 3 years ago | (#35806792)

Backed by "what's a foreign key?"/"you don't need no steenkin ACID" MySQL and PHP, no less.

Re:Rip off bank fees (2)

vlm (69642) | more than 3 years ago | (#35806888)

MySQL doesn't do foreign keys? You using version 4.0 from 2003?

Re:Rip off bank fees (1)

acedotcom (998378) | more than 3 years ago | (#35807120)

in 2015....facebook likes YOU!

Like PayPal is a bank? (1)

Anonymous Coward | more than 3 years ago | (#35806496)

No, do not want, and Ken Rutowski and his shitcock little outfit can pound sand.

What a cock face (0)

Anonymous Coward | more than 3 years ago | (#35806566)

âoeMy Facebook rank is number 29 of all the users and I have raised $100 million in funding for a few different companies,â Rutkowski said.

Well isn't he just a precious little snowflake?

Are Warran Buffet or Bill Gates on Facebook? No? Then this little turd can shut the fuck up.

Re:Like PayPal is a bank? (3, Insightful)

Anonymous Coward | more than 3 years ago | (#35806632)

This was actually the dumbest article ever posted on Slashdot. It makes "No Wireless. Less space than a Nomad. Lame" look like Pulitzer worthy reporting. I'm still hoping this is some sort of weird stupid joke.

Re:Like PayPal is a bank? (4, Insightful)

DanTheStone (1212500) | more than 3 years ago | (#35806768)

I agree. What a terrible prediction. Facebook trying to make it easy to exchange Facebook credits for currency doesn't make it a bank in any way that a normal person would consider a bank. They don't offer credit lines. People aren't sending money to each other through it. They're not even at PayPal levels of bank functionality.

Re:Like PayPal is a bank? (1)

Dunbal (464142) | more than 3 years ago | (#35807062)

Nah, it's just some stupid little attention whore trying to draw attention to himself by making outrageous claims. And on the internet to boot. Who would have thought.

OR, OR , OOORRRR - (1)

ciderbrew (1860166) | more than 3 years ago | (#35806512)

Banks who give out accounts should require a little more detail before handing out money.

Metal International? Who? (5, Funny)

Hognoxious (631665) | more than 3 years ago | (#35806514)

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

Re:Metal International? Who? (1)

Anonymous Coward | more than 3 years ago | (#35806664)

Mod +1
Agree it's a load of shit. Out of the hundreds my Facebook 'friends', the ones that use it the most are generally the most retarded. If anything there is probably a direct, inverse correlation between Facebook use and creditworthiness.

Re:Metal International? Who? (3, Funny)

hey! (33014) | more than 3 years ago | (#35806684)

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

Close. It's actually *Mental Institutional*

If this is true its a crap bank (4, Insightful)

Chrisq (894406) | more than 3 years ago | (#35806522)

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.

If that's true its a crap bank. Can you imagine Bank of America, Barclays, or BNP Paribas saying "if you don't have an account already you better open one or someone else might do it in your name and build up a financial profile in your name"? If they are going to be a bank they should do some level of customer checking.

Re:If this is true its a crap bank (1)

grub (11606) | more than 3 years ago | (#35806680)


I'd like to see how that would fly in Canada or any other country with strict privacy laws.

Re:If this is true its a crap bank (1)

Chrisq (894406) | more than 3 years ago | (#35806722)

I'd like to see how that would fly in Canada or any other country with strict privacy laws.

Probably the same way that it does for a high-street bank of paypal. In the UK at least you authorise them to perform credit and identity checks.

Re:If this is true its a crap bank (1)

thisnamestoolong (1584383) | more than 3 years ago | (#35806782)

This. If a bank is that lax with privacy/security policy, everyone responsible belongs in a federal PMITA prison.

Re:If this is true its a crap bank (1)

migla (1099771) | more than 3 years ago | (#35806814)

Can you imagine Bank of America, Barclays, or BNP Paribas saying "if you don't have an account already you better open one or someone else might do it in your name and build up a financial profile in your name"?

Heh. Actually, I would personally be unlikely to loose with such a setup, but for anyone with income or any wealth, that sure would seem like a bad bank.

Re:If this is true its a crap bank (1)

migla (1099771) | more than 3 years ago | (#35806828)

(sorry, forgot to quote the first paragraph from the parent)

Re:If this is true its a crap bank (1)

Dunbal (464142) | more than 3 years ago | (#35807090)

Can you imagine Bank of America, Barclays, or BNP Paribas saying "if you don't have an account already you better open one or someone else might do it in your name and build up a financial profile in your name"?

There's an old saying in the business world: Money talks, bullshit walks. Keep your "profile" for what it's worth (nothing), I will keep the cash.

Re:If this is true its a crap bank (0)

Anonymous Coward | more than 3 years ago | (#35807082)

Interesting point , if they hold a profile on me in my name, then Id be entitled to see it under my countries data protection laws.

Wait, what? (2)

Lord Lode (1290856) | more than 3 years ago | (#35806524)

Did I read this article correctly or did it say "they" will be using your FarmVille credits as a measure of your worth? What if you don't play FV?

Re:Wait, what? (1)

Anonymous Coward | more than 3 years ago | (#35806574)

It's how much you are worth to 'them'.

Re:Wait, what? (1)

timeOday (582209) | more than 3 years ago | (#35807124)

That's like saying only gold miners could use gold coins as currency.

LOL - Facebook credits (5, Interesting)

halo_2_rocks (805685) | more than 3 years ago | (#35806526)

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?!?

Re:LOL - Facebook credits (3, Funny)

Spad (470073) | more than 3 years ago | (#35806556)

Indeed, if you believe that I've got some Flooz to sell you :)

Re:LOL - Facebook credits (4, Funny)

rufty_tufty (888596) | more than 3 years ago | (#35806592)

Got to also love the bit here:
"Rutkowski[...] prides himself as being the fist person to coin the term “Web 3.0”"

Fine I'm going to create the term Web 4.0.

I'll get back to you in a few weeks to let you know what it means. Be sure to check my blog regularly for the announcement!

Re:LOL - Facebook credits (0)

Anonymous Coward | more than 3 years ago | (#35806872)

inb4 Steve Jobs creates the term Web X

Re:LOL - Facebook credits (0)

Anonymous Coward | more than 3 years ago | (#35806880)

Well, maybe that's not that far from the truth. facebook credits will certainly get you virtual good in a few years. the USD on the other hand ...

Companies will have their own currency. (1)

captainpanic (1173915) | more than 3 years ago | (#35807106)

It's quite a logical development, really... Companies already have bigger turnovers than some states, often have their own police/security force and their own infrastructure... why wouldn't they have their own currency?

Re:LOL - Facebook credits (0)

Anonymous Coward | more than 3 years ago | (#35807114)

When the US dollar collapses all we will have is Farmville credits. You'll be smirking out of the other side of your mouth then.

Sigh (1)

MaltoMario (1005995) | more than 3 years ago | (#35806536)

I suppose now as good a time as ever to cancel my facebook account. WTF are they thinking? Farmville, free ipad spam, and now banking services? sigh.

FUD, Bullshit, and lies .... (5, Insightful)

gstoddart (321705) | more than 3 years ago | (#35806582)

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.

Re:FUD, Bullshit, and lies .... (3, Insightful)

turing_m (1030530) | more than 3 years ago | (#35806686)

This is some guy who claims to have invented "Web 3.0"

That's - that's good. That's good. Unless, of course, somebody comes up with Web 4.0. Then this guy's in trouble, huh?

Re:FUD, Bullshit, and lies .... (0)

Anonymous Coward | more than 3 years ago | (#35806754)

This is some guy who claims to have invented "Web 3.0"

That's - that's good. That's good. Unless, of course, somebody comes up with Web 4.0. Then this guy's in trouble, huh?

Too late, I am already on web 5.0... It is in 3D!

Re:FUD, Bullshit, and lies .... (4, Insightful)

gstoddart (321705) | more than 3 years ago | (#35806812)

That's - that's good. That's good. Unless, of course, somebody comes up with Web 4.0. Then this guy's in trouble, huh?

He can call it "Web pi*r^2" for all I fucking care.

If he's stupid enough to be envisioning a world in which Facebook is a bank and that it becomes mandatory that I have a profile otherwise a "real" bank (you know, one that's regulated and covered by banking laws) won't have anything to do with me ... well, then he's been smoking something which is likely illegal.

This is one of those random internet prognostications put forth by someone who is trying to sell this to people, not by someone who has insight into what is going to happen. This is a marketing statement, and is therefore worthy of a kick in the nuts, and not much else.

Re:FUD, Bullshit, and lies .... (2)

msauve (701917) | more than 3 years ago | (#35807018)

"Unless, of course, somebody comes up with Web 4.0."

My Internet goes to 11.0!

Re:FUD, Bullshit, and lies .... (0)

Anonymous Coward | more than 3 years ago | (#35807066)

I got dibs on 'Web 95' and 'Web XP' - but 'Web Millenium Edition' and 'Web Vista' is still up for grabs.

Re:FUD, Bullshit, and lies .... (0)

Compaqt (1758360) | more than 3 years ago | (#35806860)

Rant on, bro. I'm with you. We predict this bubble is going to burst. We wouldn't care if this bubble were to burst. We probably might even want this bubble to burst.

Yet, we might have to face the awful reality of it not bursting (in any reasonable time period). Then it's our brains which will be bursting.

Facebook is an interactive soap opera (2)

mangu (126918) | more than 3 years ago | (#35807052)

we might have to face the awful reality of it not bursting (in any reasonable time period)

Other than fucking your privacy in exchange for some petty gossip, facebook delivers no measurable value. It's just light entertainment, an interactive soap opera. There's no reason to believe this bubble won't burst.

If you're after a social network that may bring some monetary rewards, look for linkedin, that's where you go to when you need a job.

Re:FUD, Bullshit, and lies .... (1)

angiasaa (758006) | more than 3 years ago | (#35806864)

You forgot to mention.. This guy also mucked up his grammar. Any article with grammatical errors not only must die, but also must not be worth noting. :) From TFA: "“By the way, if you don’t have a profile they will make one for you so it’s better for you to create it and manage it then them." then them?? :|

Re:FUD, Bullshit, and lies .... (1)

slackzilly (2033012) | more than 3 years ago | (#35807138)

You manage it first, then they will take over and manage if for you.

Re:FUD, Bullshit, and lies .... (1)

swb (14022) | more than 3 years ago | (#35806926)

Doesn't the whole negative Facebook profile issue go away when it becomes normative?

Party pictures, outrageous statements, etc -- it's not like people haven't been doing and saying those things forever. It seems shocking when the first group of people to do it more or less en masse get noticed, but after a while, doesn't it just stop becoming an issue of concern?

Re:FUD, Bullshit, and lies .... (1)

EveLibertine (847955) | more than 3 years ago | (#35807030)

I'm pretty sure this guy has had more than enough smack.

Re:FUD, Bullshit, and lies .... (0)

Anonymous Coward | more than 3 years ago | (#35807086)

amen, I was thinking the same thing.

But seriously, when will World of Warcraft become a bank? I've never played it but I'm thinking I should start because I don't want my character to misrepresent me.

Yea Right (0)

Anonymous Coward | more than 3 years ago | (#35806596)

Just wait till the next social site that everyone moves to. Facebook will fall just like myspace.

YHBT. YHL. HAND. (1)

Anonymous Coward | more than 3 years ago | (#35806610)

In other words, please refrain from feeding the trolls. Yes, I'm aware this is the Internet, but still: try to contain the impulse.

2015+ #1 criminal charge, murder by thyroid rot (0)

Anonymous Coward | more than 3 years ago | (#35806626)

some of us should have had our glow level checked 30 some years ago here? nothing can be done now? that's total crap. all of it. the ongoing fatal to all chosen ones holycost/extermination. all of it. fiction. poorly (hurriedly) written. executed with a flare for the cruel & unusual. it's in the book, all part of our forever eventual, 'reward'.

Re:2015+ #1 criminal charge, murder by thyroid rot (4, Funny)

tgeller (10260) | more than 3 years ago | (#35806816)

This comment made more sense than the original post.

Barf! (1)

migla (1099771) | more than 3 years ago | (#35806634)

Facebook bank? Anxiety attack. A thought that leaps to mind is that we can't have the clowns that run this world running this world. We need to kindly but firmly revolt against the wealth- and power-elites and organize human life on this planet right, decentralized and without hierarchies, IMO.

Re:Barf! (0)

Anonymous Coward | more than 3 years ago | (#35806804)

Damn straight

Predictions, Predictions, Predictions (0)

Anonymous Coward | more than 3 years ago | (#35806636)

I predict that this guy is wrong.

More People Come up with Tech Terms (0)

Anonymous Coward | more than 3 years ago | (#35806640)

I am confused by the term bank in this article, and I believe so is the writer. A bank makes loans and does so by storing money and returning a percentage to its holders for holding that money. Facebook does not store money with the intent of loaning it out. You will be able to put into your account to pay for games, and then spend money on said games. By that definition Xbox Live, PS Network, and the Wii Network are all banks. Android Market, and Apple Store are banks. No they are storefronts.

Love that fact that he also coined the term Web 3.0.

Re:More People Come up with Tech Terms (1)

FireFury03 (653718) | more than 3 years ago | (#35807022)

A bank makes loans and does so by storing money and returning a percentage to its holders for holding that money.

I think you misunderstand how modern banks work. When you get a loan from the bank, that bank then packages the loan up, rates how much risk there is and sells it to someone. This is why the banking system basically collapsed - a load of high-risk loans were sold on under the pretence of them being low-risk and when this was discovered the whole thing went to hell. If the banks still worked the way you describe then this would never have happened as there would have been no reason for them to misrepresent the risk.

Facebook Ranking? (0)

Anonymous Coward | more than 3 years ago | (#35806648)

“My Facebook rank is number 29 of all the users ..."
 
Sounds like this guy needs to stop playing so much Farmville.

Fuck facebook (1)

poptones (653660) | more than 3 years ago | (#35806660)

WTF? This guy says they are going to be a bank and the currency will be for playing games? And if you don't volunteer your information they will just create a profile for you anyway? What fucked up kind of bank is that? I don't do business with bank of america and I am pretty sure there are rules against them just commandeering my financial info and making me an account against my will.

This cocksucker is essentially saying facebook is going to own us all
like niggers on a plantation. Don't want to sharecrop? tough.

Well, fuck you, farley. I don't need your crackhead credit.

I'm sure everyone is just going to stand by and let their credit worthiness be determined by the parasites who make their living selling shit like farmville and dog wars to compulsive computerized crackheads.

Re:Fuck facebook (1)

Anonymous Coward | more than 3 years ago | (#35806928)

Checks the time... 9:16 AM.

Yep. Trite, juvenile slashdot rant posted when the rest of us have jobs.
I personally have the day off, so I get to enjoy this kind of amusement for once.

You took the time to blow your load over an article about some idiot who claims to have invented Web 3.0... and you call Facebook users "compulsive computerized crackheads"???

3rd party self written bio/ WP (1)

Anonymous Coward | more than 3 years ago | (#35806670)

http://kenrutkowski.com/biography.html

Ken Rutkowski is one of the most broadly-informed and connected people in the media, entertainment and technology (MET) market

Looks like he created/ edits his own WP page too http://en.wikipedia.org/w/index.php?title=Ken_Rutkowski&action=history

Why do people do that?

Delayed post from 4/1 (1, Troll)

twigstamc420 (235143) | more than 3 years ago | (#35806700)

Apparently the admin desk at /. has been unmanned since April fools and they are just catching up.

I mean seriously, this is worthy of Slashdot?

The fact that this story was selected makes me seriously wonder why I come here any more...

Re:Delayed post from 4/1 (1)

garatheus (993376) | more than 3 years ago | (#35806884)

For the comments - they are usually far more insightful and interesting than the actual stories...

Oh, and did you see the quality of writing in the article? Wow. So. Bad.

FDIC Insurance? (0)

Anonymous Coward | more than 3 years ago | (#35806734)

So they will have FDIC/CDIC balance insurance right?
So they will be subject to the same privacy and data retention requirements?
So they will compensate me for errors, right?

So they will actually offer me something of value?

Yeah...right..good luck on that one.

Uh, yeah (2)

wcrowe (94389) | more than 3 years ago | (#35806736)

"Also, I invented the question mark", Rutkowski added.

 

Unworthy spammy BS (0)

Anonymous Coward | more than 3 years ago | (#35806738)

This article is utterly terrible. From what I read before I gave up that is...

Loads of typos/spelling mistakes, and "prides himself on coining the phrase Web 3.0" ??? I guess a patent analogy might be "prior art" on that one buddy...

I'm starting to suspect slashdot has begun selling "authority" backlinks to these crapola companies, I think I've seen more truly shite articles here in the last 2 weeks than the previous 5 years! There has always been a lot I wasn't particularly interested in, but very few that actually made me angry they are so full of shit...

Threatening Me? (0)

Anonymous Coward | more than 3 years ago | (#35806750)

Extortion, threatening, menacing. If you motherfuckers even think of creating a profile for me I will own your company, or at least be able to retire very comfortably. Besides, you are going to base my credit worthiness on how much I play games? It's called identity theft assholes. It's illegal in my state. You will go to jail and pay restitution.

Facebook Bailout. (2)

geekmux (1040042) | more than 3 years ago | (#35806772)

"...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."

OK, who the hell is THIS guy to say that we all "need" to get a Farcebook account?!? Give me a break, real banks can barely manage real money, and yet we expect a social networking site to somehow manage it...better? Gee, I can't wait until my paycheck comes in the form of Farmville credits.

God knows how the hell you would ever trust Fuckbook to handle real money with their privacy policies that change with the wind. Oops, sorry, we didn't mean to reveal your checkbook transactions to friends of friends of friends, but didn't you get that memo?(Office Space)

I'm expecting Obama to call up Zuckerberg asking for a bailout soon...

skeptical (1)

Cobble (1116971) | more than 3 years ago | (#35806776)

I predict Facebook will be a bigger version of itself in 2015. Not a bank. Not a sparkly unicorn.

Re:skeptical (0)

Anonymous Coward | more than 3 years ago | (#35807028)

I predict that the bubble will burst somewhere around 2015. I've done some guesswork where I compared it to the bubble of the 90's, and it seems like a reasonable number.

Real Estate (4, Insightful)

Wiarumas (919682) | more than 3 years ago | (#35806778)

In other news, Facebook will be the largest realtor by 2020. Better sign up and purchase a Facebook mortgage or else you might miss the bubble pop.

"social networking commerce" (1)

unity100 (970058) | more than 3 years ago | (#35806794)

what the fuck is that ? i have a goodly amount of people in my facebook list, yet i havent seen a single one of them buy something from facebook, its 3rd party interests or each other.

i guess a suit is inventing a new buzzword to shake the fools' money in wall street.

Will facebook be around? (2)

pokyo (1987720) | more than 3 years ago | (#35806800)

Will facebook still be around in 4 years? I half expected something else to have majority share by then

Short summary (0)

Anonymous Coward | more than 3 years ago | (#35806802)

The real summary should have been: Massive twat spew bollocks to stroke own ego.

uhhhh... (0)

Anonymous Coward | more than 3 years ago | (#35806806)

For f**k sake cmdrtaco, please report on something other than your facebook propaganda that's been pulled out of your ass.

Ha! (2, Interesting)

Capt James McCarthy (860294) | more than 3 years ago | (#35806808)

I just created Web 4.0, it's all magic. The cloud is gone in Web 4.0. It has become a fog. Go to the fog. It will really obscure your view of anything real.

Wonder if I'll get funding?

As for the article, what a load of BS. These social sites only have value because eyeballs are watching them and nothing more. Once the eyeballs go away, so does their value. Much like a highly watched TV show. When it's hot actors and the stations get $$$$. Once it jumps the shark, they get canceled. For if anything holds true, Facebook too will jump the shark one day.

Re:Ha! (1)

gstoddart (321705) | more than 3 years ago | (#35806932)

I just created Web 4.0

Yeah, well I'm envisioning "Web 11.0", the last word in the internet ... it'll be better, stronger, and faster ... with more boobies than ever before ... and a new minty fresh taste.

Phear me, bitches. ;-)

Questions... (2)

Dcnjoe60 (682885) | more than 3 years ago | (#35806826)

I have a few questions....

1) If Facebook is becomes the biggest bank, does that mean they will be considered too big to fail and have to be bailed out when they do fail?
2) Will Facebook have to comply with all banking regulations both in the States and abroad?
3) If not #2, then won't this allow Facebook to be the new money laundering scheme of the this decade?

...or it will have disappeared entirely (1)

T.E.D. (34228) | more than 3 years ago | (#35806854)

How may years ago was it that Myspace was the big deal? Less than four I believe. And before that, there was Geocities, and AOL. Facebook may well going the same way eventually.

I don't know about everyone else... (1)

Anonymous Coward | more than 3 years ago | (#35806862)

But I've long since deleted my facebook account, and many of my friends / family have done the same over the last few years or have stopped using it all together. I know its anecdotal evidence, but it seems to me (at least in my group of friends) that the website is already on the decline.

Hello spam filter? (1)

CFBMoo1 (157453) | more than 3 years ago | (#35806876)

"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."

This sounds like some sort of big money making scheme mixed with scare tactics to push people to get on Facebook for someone else benefit rather then their own.

Makes Sense... (0)

Anonymous Coward | more than 3 years ago | (#35806900)

Ties in with my prediction that Facebook will be the biggest high street supermarket by 2016....Using teleporters to stack shelves and supply the stores!

What utter crap. (1)

sirwired (27582) | more than 3 years ago | (#35806942)

This article was nothing more than verbal diarrhea by yet another self-appointed "expert" (interchangeable with "consultant" or "analyst".)

Biggest bank? Errr... no. That would be BNP Paribas, with $36B in capital and $3T in assets. While I could see Facebook setting up some kind of money transfer service (ala PayPal), that's a very long stretch from being an actual bank

And what is this crap about credit ratings based on non-existent facebook profiles? Web 3.0? An organization that "launches" 1,000 companies a year?

Maybe Rob Enderele will hire this clown!

Re:What utter crap. (0)

Anonymous Coward | more than 3 years ago | (#35807084)

My thoughts exactly. Launches 1000 companies a year, so I'm guessing most are gone in a month aka those college at home scam infomercials on TV and other such shady crap

What about privacy? (1)

Lunaritian (2018246) | more than 3 years ago | (#35806948)

Suddenly those privacy leaks that happen every once in a while sound much scarier.

Perfect icon (1)

snspdaarf (1314399) | more than 3 years ago | (#35806950)

The empty suit. Seems to be exactly what is needed for this story.

In Related News (2)

rlp (11898) | more than 3 years ago | (#35806958)

Facebook to apply for TARP funds from the Obama administration. :-)

That's it. I'm done on the Internet for the day. (1)

Anonymous Coward | more than 3 years ago | (#35806978)

This is by far the dumbest thing I've heard thus far today. It's going to be hard to top. Filing this statement and this guy in my "Where the hell are they now and how are their predictions doing?" folder to be opened in 2016.

XKCD (3, Informative)

Sechr Nibw (1278786) | more than 3 years ago | (#35806982)

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

Uhhhh no. (1)

Dunega (901960) | more than 3 years ago | (#35806988)

Ken Rutkowski should spend some of his Farmville credits on something resembling intelligence. What a piece of trash of an article.

what crap (0)

Anonymous Coward | more than 3 years ago | (#35807002)

Boycott Facebook! Freedom from business profiling

how about this... (0)

Anonymous Coward | more than 3 years ago | (#35807004)

go f*** yourself facebook.

I tend towards the K.I.S.S. principal for everything, that includes posts :)

Slashdot = National Enquirer (-1)

Anonymous Coward | more than 3 years ago | (#35807026)

I am sick of this utter bullshit that pretends to be news.

Fuck you, Malda, and fuck the horse you rode in on.

Yeah Right (1)

AMindLost (967567) | more than 3 years ago | (#35807046)

I know this is a bold claim to make, but I have never before seen such twaddle posted on slashdot. I don't even know where to begin in describing how ludicrous this idea is.

What an eDork (1)

Agent0013 (828350) | more than 3 years ago | (#35807056)

Rutkowski runs the Founder Institute in Los Angeles which launches about 1000 companies year and prides himself as being the fist person to coin the term “Web 3.0” during a press conference with Google CEO Eric Schmidt.

What an Idiot! I very much doubt this guy knows anything at all.

And for the record I am coining the term "Web 4.0" right now. It is on record here and I am very proud of my new accomplishment. Brand new term, nothing similar has ever before been uttered.

announced revolutions (1)

kubitus (927806) | more than 3 years ago | (#35807070)

will not take place.

seen too many hypes of things to be the next big thing.

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