"No, you have to be highly conspiratorial to wrap up hospitals, Facebook, the banking system all working together to concoct an illegal, real-time price discrimination scenario."
If you go read the comments on the original WSJ story you'll notice a pattern, not a single comment echoing your sentiments, in fact, most of them fear almost exactly what I described. so basically the whole world has become conspiratorial.
Given the casualness of your response to something so serious, it makes me think you are a Fb shill or somebody who has invested a lot in FB stock. BTW since the announcement FB stock is up 5pc+, that makes me think market is pricing in such predatory scenarios.
Yes, populism is like that - people are conspiratorial and easy to rile up by the press who are always looking to spook us a little bit.
To the point wherein if someone doesn't buy into their conspiracy, they immediately call others 'naive' and then claim they must be 'paid secret plants' by said organization.
The scenario you described is not going to happen, and analysts are not remotely 'pricing it in'. They're not even thinking about that.
They are however thinking that if FB gets into 'current account banking' for folks ... then that could be a very popular thing.
You may be surprised to find that most product managers and analysts are surprisingly normal people.
If you go read the comments on the original WSJ story you'll notice a pattern, not a single comment echoing your sentiments, in fact, most of them fear almost exactly what I described. so basically the whole world has become conspiratorial.
Given the casualness of your response to something so serious, it makes me think you are a Fb shill or somebody who has invested a lot in FB stock. BTW since the announcement FB stock is up 5pc+, that makes me think market is pricing in such predatory scenarios.