PayPal Takes Financial Hit After ‘Misinformation’ Policy ‘Error’ Angers Users
Payment processor PayPal is in financial hot water over a policy that initially called for imposing a heavy fine on users deemed guilty of spreading “misinformation” via the platform, which company officials later said was issued in “error.”
following the initial report, many users fled the platform, claiming they won’t subject themselves to capricious left-wing definitions of “misinformation” or any subsequent fines associated with such a determination.
Just moved all money I had in my PayPal account out of it. And I very must suggest you do the same.
— Candace Owens (@RealCandaceO) October 8, 2022
This is serious.
They are delaying the transfer “pending review” for 12 hours. But at least it’s done. #PayPal is dead. pic.twitter.com/Cr1EA1yQjh
The platform has since suffered heavy financial fallout. On Monday, the company’s stock fell more than 5 percent, per the Daily Wire.
It’s hard for me to openly criticize a company I used to love and gave so much to. But @PayPal’s new AUP goes against everything I believe in. A private company now gets to decide to take your money if you say something they disagree with. Insanity. https://t.co/Gzf8faChUb
— David Marcus (@davidmarcus) October 8, 2022
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