“If you’re someone who’s buying products on the web, we know who is buying the products where, and we can leverage the data”
PayPal hired Uber’s former ad chief to sell your purchase history, and it will collect the data by default. Asked what data it will use, PayPal said it doesn’t have “definitive answers” yet. Opt-out comes with a promise of “transparent, easy-to-use privacy controls” that don’t exist. A payments company just admitted its real customers are advertisers.