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Mmastodon BusinessBanking first seen 11 h ago, last 1 h ago, peak #8

Costco criticized for sharing member purchase data with partners

Original: Costco shares members' purchase history, payment method, and visit frequency with its financial-services partners. A mem

Costco is facing criticism after claims that it shares members' purchase history, payment methods, and visit frequency with its financial-services partners. Privacy advocates argue that a Costco membership card effectively functions as a name-attached purchase record that can be cross-referenced with data brokers to build detailed consumer profiles, raising concerns about how loyalty programs trade discounts for personal data.

Why now: Growing public concern about how loyalty programs and retailers monetize member data is drawing attention to Costco's data-sharing practices.

Costco

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Rank over time, top of the chart is #1. 8 snapshots from 11 h ago to 1 h ago.

Evidence

API: https://socialmediatrends-api.osmike.com/v1/trends/1719997