Is Social Media Going too Far?

Want Everyone To See Your Credit Card Transactions? Of Course You Do. Meet Blippy.
http://www.techcrunch.com/2009/12/11/blippy/

A new social network lets you publicly share your credit card transactions with your followers.

Yes, I know this is a controversial idea — that’s part of what makes it potentially a great one. Imagine being able to see everything your friends buy with a credit card as they do it. This not only tells you what kind of things they’re actually into (rather than someone just saying they like something), but also other information like how cheap they are, as well as where they actually are at a given time. There is actually a lot of data tied into the transactions we make, and Blippy takes that and makes it social.

..."The big question that Blippy answers is 'What are your friends buying?"...

The comments on the post are funny: :)

What do you think?