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Privacy Technology

Venmo Drops the Global Social Feed That Could Make Your Payments Visible To Strangers (theverge.com) 19

Venmo announced it's removing its global social feed on Tuesday, the payment appâ(TM)s notorious feature that allows strangers to potentially view payments you make and receive on Venmo. From a report: Now Venmo's social elements will be limited to your actual friends on the app in the "friends feed" without you having to toggle any features in the app. The company buried the change in a blog post detailing an update to the Venmo app. [...] Until recently, Venmo also offered users no control over who saw their friends list within the app, which is potentially incriminating in an entirely separate way from seeing the content of a transaction. After Buzzfeed News discovered President Biden's Venmo account and the accounts of people in his inner circle via the friends list, the company added additional privacy controls for the visibility of your Venmo contacts.
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Venmo Drops the Global Social Feed That Could Make Your Payments Visible To Strangers

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  • Honest question in the title.

    • Only douche bags want you to see what they are spending money on. You no longer have to parade around town with your toys to "prove" how successful (in debt) you just post your purchases. (I imagine people will then return said item but not post that) People are so fucking lame.
    • by tlhIngan ( 30335 )

      Honest question in the title.

      Why do people post photos of their meals? Why do people post photos of their latest acquisition? Why do people post mundane things on social media?

      At least Venmo seems to be cutting out a step - if you post a photo of your meal, Venmo could make it so others could buy the same meal. Buy a book? Same deal. etc. etc. etc.

      It's sharing for sharing's sake. Or bragging.

    • Because Venmo came of age at a time where having a "social" aspect to your product was a quick way to attract a pile of VC cash chasing the next Facebook, and most people don't change the default privacy settings.
  • by Sebby ( 238625 ) on Tuesday July 20, 2021 @05:28PM (#61602317)

    This was reported in tech circles well before the incident involving Biden; and I can't fanthom why they would even have a 'social feed' of everyone's transactions in the open - sounds like a major privacy nightmare I wouldn't want to deal with as CSO of any company, no matter how "social" it might be.

  • You helped stupid criminals expose themselves all around the world, perhaps most notably Matt "Pizza" Gaetz's connoisseur of prostitutes of legal-ish age, Joel Greenberg. [thedailybeast.com]

  • How else are we going to find out about stuff like this [thedailybeast.com]?

  • It's been a ridiculous "feature" from the start that Venmo would turn your private financial transactions into a social media feed for everyone to see. But they were sure they "knew better than the complainers" -- right up until it upset high-up political figures who used the service.

    I suppose Venmo figured it differentiated their payment platform from all the other ways to transfer funds between parties, to have this crap in it? I dunno... The sad thing is, I've been compelled to use them a few times, j

    • by AuMatar ( 183847 )

      The daily limits on Venmo is around 2K, from experience. So unless you're doing something very unusual, its sufficient.

      • by leptons ( 891340 )
        When signing up for a new financial service (like Venmo), it's not unusual for the daily limits to be much lower than long-time users of the service.

        Venmo clearly states on their site:

        If you have not yet completed identity verification, you will have a lower weekly spending limit of $299.99.

        So, OP likely signed up for Venmo on-the-spot and tried to pay someone for a job costing more than $299.99, and had to use other services to get to what he owed them.
    • because I had people doing work at my house who needed to be paid on the spot and they wouldn't accept a personal check.

      Time to find a different company to work at your house. Any business that demands cash or debit transfer probably doesn't have insurance or a bond for any problems that occur at your home. I would also be worried about any warranty they promised. "We sub-contracted that work out to company Y. You'll have to take that up with them." The extra $100 that a job with a reputable firm incur

    • Venmo’s always been a bit dodgy, just like its parent PayPal. Fortunately it’s been successful enough that it basically forced the banks to create Zelle, which is less dodgy and fills the same need.

  • when I signed up for it. Shows you millennials/GenZ don't give a shit about privacy.

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