Facebook recently received a $5 billion fine from the Federal Trade Commission for mishandling users’ personal information. But how does Facebook’s handling of personal information affect its users?
In this partnership with PBS NewsHour, Reveal examines how Facebook is partnering with social casino games to monitor and analyze the behavior of vulnerable players. The companies are using big data and advanced software to predict which people will spend massive amounts of money on the games and then targeting these people with aggressive marketing.
For some people, these games result in financial ruin. Suzie Kelly, a grandmother from suburban Dallas, ultimately spent $400,000 playing a virtual slot machine game on the Big Fish Casino app on her iPhone. She took out two home equity loans, spent her family inheritance and borrowed money from her husband’s 401(k), all to pay off credit card debt from the game.