Facebook Has a Wealth Algorithm Based on Your Profile Info

Facebook has developed a feature that allows the platform to guess whether you're rich or poor based on your profile information. The social media network would take into account places you've travelled, your age, a generated estimate of your earnings, and household data to deduce which "socioeconomic group" you would fit in. The idea was filed as a patent only two years ago but has only recently become public knowledge after its publication. Facebook says it could use this technology as an adve...