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.

  • henfredemars@infosec.pub
    ·
    4 months ago

    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
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      4 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.

  • 1984@lemmy.today
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    4 months ago

    All posts should be like this, say if it's paywalled so we don't have to click.

    • qjkxbmwvz@startrek.website
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      4 months ago

      There's a certain irony in bemoaning subscription news paywalls on an article about the alternative, unsavory monetization paradigm...

  • kingthrillgore@lemmy.ml
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    4 months ago

    Unable to find other sources of income, PayPal is now squeezing the margins for money. The detachment of the stock market from reality marches on.

  • Takios@discuss.tchncs.de
    ·
    4 months ago

    Please no. :( I do like 99.99% of online payments through them because the convenience they offer is really great, especially with recurring payments. :/

  • johnyma22@lemmy.ml
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    4 months ago

    Do we all need a competitor to Alphabet/Google? I'd say yes, I don't think Alphabet is behaving fairly.