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What is the business case for their making transactions public? Venmo can still mine and sell user data without it being public. I believe they can also use the
by bogomipz 8y ago
What is the business case for their making transactions public? Venmo can still mine and sell user data without it being public. I believe they can also use the FB social graph api without transactions being public as well. Am I missing something obvious?
- awakeasleep 8y agoYes The only public thing in venmo is the note you attach. You choose whether to publish it. It can contain anything you want. It doesnt have a dollar amount attached. A significant chunk of the population finds this fun.
- bogomipz 8y agoI see so it provides "engagement value." But if I send you money we could both read that attached message without the entire internet having access to it. Or do I have this wrong and the the fun is really in reading strangers transaction messages? If the majority of people are unaware that these messages are public wouldn't this mean that the "significant chunk" are a minority of Venmo's total users?