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Consumers Sacrifice Privacy By Oversharing On Venmo

Many consumers are prone to oversharing on Vanmo, a mobile wallet system with a social media component. "Venmo is a strong example of how even as social norms shift on the ways we use technology, the companies and their apps don’t change much," per The New York Times. "Venmo was founded in 2009 as a music start-up that let users buy songs from bands through a text message. By the time eBay acquired it in 2013, it had become a mobile wallet service that was trendy among younger people who were gung-ho about sharing information about themselves online."

Read the whole story at The New York Times »

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