Privacy

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A place to discuss privacy and freedom in the digital world.

Privacy has become a very important issue in modern society, with companies and governments constantly abusing their power, more and more people are waking up to the importance of digital privacy.

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PayPal Is Planning an Ad Business Using Data on Its Millions of Shoppers (www.wsj.com)

submitted 6 months ago by badelf@lemmy.ml to c/privacy@lemmy.ml

19 comments fedilink hide all child comments

Wall Street Journal (paywalled) The digital payments company plans to build an ad sales business around the reams of data it generates from tracking the purchases as well as the broader spending behaviors of millions of consumers who use its services, which include the more socially-enabled Venmo app.

PayPal has hired Mark Grether, who formerly led Uber’s advertising business, to lead the effort as senior vice president and general manager of its newly-created PayPal Ads division.

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[–] henfredemars@infosec.pub 38 points 6 months ago (2 children)

Friends don’t let friends use PayPal. If something goes wrong and eventually something will, you will find zero customer support. Add exploitation to the list of reasons.

[–] KingThrillgore@lemmy.ml 4 points 6 months ago* (last edited 6 months ago)

I've told companies that use PayPal to register as a business, not as an individual. If you're an individual and a lot of money comes through, they will lock you down for "regulatory reasons." Which is hilarious because they are technically not a bank (But I think they are a NA). You'll never see that money again.

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