Facebook knows everything, and wants to know more

Share where you are travelling to, transfer money, and share your location using the social tool
Facebook knows everything, and wants to know more

Come on; take a step into the world where Facebook is the Big Brother of everything social (not like it’s not already). The social media giant is going to be everywhere, and we mean everywhere.

Facebook is sticking its foot into many areas, and one can only speculate what it intends to do with all that information.

Last week, it quietly rolled out a new “travelling to” feature globally, which lets you share your international escapade plans with your friends. Found within the activity and emotion sharing feature on both web and mobile, the function appends a tiny plane icon on your status composer when you select a destination city.

It’s perfect for those of you who want to make say, impromptu coffee catch-ups whilst you’re in New York for a business trip, or have some company over pina coladas when winding down in the likes of Boracay.

And just for emoji lovers, some destinations get their own special icons, like the Statue of Liberty for New York, or a Hollywood sign representing Los Angeles.

X marks the spot

Facebook will be unveiling a “nearby friends” feature

In line with travel, Facebook will be unveiling a “nearby friends” feature from Thursday. Warning – enable it and there’s no running away or denying you were there.

Once you tweak your settings, it will use your smartphone GPS system to alert your Facebook friends that you are close – of course, they must have the feature turned on as well. But don’t worry, it provides a rough gauge of your position instead of sharing your exact location for only an hour.

But, there are some restrictions Facebook has put up to avoid privacy fiascos – you have to be in the US and be over the age of 18. Somehow, we think a few individuals might fake their real age to get their hands on this.

Facebook money transfer

Facebook money transfer

Not only does Facebook want valuable data on what’s important to us, it also wants to be the portal for your monetary services, somewhat similar to Western Union.   

It has been aiming to penetrate the e-money transfer service in Europe, giving it the same controls as a bank. Yes, you can store money with the social network or buy online goods.

Currently, the only thing in its way is the regulatory approval for an "e-money" status – which enables recipients to issue digital credits for conversion into cash.

Facebook declined to comment on its progress, but we presume that subject to regulatory agreements, it’s only in time that this feature will be rolled out globally.

So now, Facebook knows our education background, likes, etc. and will soon also know our financial details, and location. Are we the only ones to find this extremely freaky? 

[Sources: Today onlineTechCrunch, and The Guardian]