316
submitted 7 months ago by badelf@lemmy.ml to c/privacy@lemmy.ml

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.

you are viewing a single comment's thread
view the rest of the comments
[-] jabathekek@sopuli.xyz 2 points 7 months ago
[-] FaceDeer@fedia.io 4 points 7 months ago* (last edited 7 months ago)

This is indeed one of the things cryptocurrencies exist for, but social media denizens around these parts have long conditioned themselves to hate it.

So a rock and a hard place, it seems. Which is more hated; the big data-harvesting corporation co-founded by Elon Musk, or a big bad NFT-hosting blockchain?

For people who are concerned about data harvesting I would recommend something like Monero or Aztec over Bitcoin, though. Bitcoin's basically obsolete at this point, coasting on name recognition and inertia, and has no built-in privacy features.

this post was submitted on 28 May 2024
316 points (98.8% liked)

Privacy

32492 readers
919 users here now

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.

In this community everyone is welcome to post links and discuss topics related to privacy.

Some Rules

Related communities

much thanks to @gary_host_laptop for the logo design :)

founded 5 years ago
MODERATORS