Companies are SELLING Your DATA | #shorts #business

14 Aug 2023 · 1 min

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In this short video, the speaker asserts that major commerce and payment platforms—including Square, Stripe, PayPal, Shopify, and Amazon—own the data they collect from users and actively sell it. He highlights that these companies gather extensive transactional information, enabling them to provide detailed analytics such as the number of pillow purchases broken down by ZIP code and seasonal trends. The claim underscores concerns about how everyday consumer behavior is captured, packaged, and monetized without users’ explicit awareness.

Chapters

And they own the data and they sell the data. I've said this for a long time. Companies like Square, Stripe, PayPal, Shopify, even Amazon, I would put in there, right? Because Amazon is a— has basically a mall and they're selling stuff that's theirs and other people's stuff. Yep. And they're collecting a ton of data. Sure. If you go to Amazon and you say, I want the data on how many people buy pillows, they could tell you how many people buy pillows by zip code, right? And when they buy them and what's the best months for someone to get built by. But they definitely have that data.