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Mmastodon BusinessBanking first seen 12 h ago, last 2 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

Privacy advocates are calling out Costco for sharing members' purchase history, payment methods, and visit frequency with its financial-services partners. Critics argue that a membership card effectively functions as a name-attached purchase record that can be cross-referenced with data brokers to build profiles of shoppers, raising concerns about how loyalty programs trade consumer privacy for discounts.

Why now: People are alarmed by revelations that everyday loyalty programs collect and share detailed shopping data with third parties.

Costco

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Rank over time, top of the chart is #1. 3 snapshots from 5 h ago to 2 h ago.

Evidence

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