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PayPal will use your purchase information and shopping patterns to sell targeted ads
(www.theverge.com)
this post was submitted on 29 May 2024
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As far as data goes, purchase data is one I can live with businesses doing this kinda stuff with. I'm using their platform to complete the sale, so it'd make sense to me they'd have data of that sale. And it makes sense to me that a business would leverage that data in ways to benefit themselves.
Someone tell me if I should be concerned, but this seems like what everyone else has done as long as they've been able to do it.
Thw issue is aggregation of all of the data into mega datasets that are used to fix prices.
A lot of the inflation we are seeing recently is literally result of these dataset being compiled.
They know how much you make, how much you save etc so they can determine how much they can extract from you esp once you add behavioral data. We are all profiled and they know what you like.
Although fast food seems to finally hit a wall on that...
The worst part is that it doesn't just affect you, it'll make it much easier to profile new users going forward so future generations will be screwed over even more. Imagine your insurance prices or phone bill being calculated by your max tolerance you would pay before searching for a different provider
we started down this path when we all signed for cash back credit card tbh...
but yes data does have a snow ball property... and boy have we hit critical mass. at this point, i doubt any of this can be reverted or even properly countered.
Best we can do is small direct action since the government sold out us and will side with mega corps.