Posted on 10/10/2022 1:18:17 PM PDT by Red Badger
After Big Tech Giant PayPal told the whole world they would be fining people for ‘misinformation’ ($2500!!!), and then tried to backpedal claiming it was a mistake when the pushback was of a GLOBAL nature, seems their stock is kinda sorta taking a beating today.
And by kinda sorta, we mean a serious beating.
Couldn’t happen to a nicer, more deserving company.
Oh yes, yes we can.
At the time of this writing they’ve rebounded a bit (only down 5.64%) but pretty safe to say their actions are impacting their stock in a bad way. And c’mon, did they really think anyone would believe them? They ACCIDENTALLY told the world they’d fine people $2500 for misinformation? This would have gone through legal, design, user experience … this had to be something they’ve been working on for quite a while.
This was no accident.
They just didn’t think they’d get nuked the way they did.
And thank God they did.
Misinformation Fine.
Ri-damn-diculous.
Just when we thought 2022 couldn’t get any dumber.
Was no accident. It was a test run. I rate it an F for failure.
I almost wish I had some money in stocks, so I could quickly buy short as some company goes ‘woke’.
I wonder if some of them are actually doing that on purpose
I remember when Coca-Cola stock plummeted after they “accidentally” marketed something called “New Coke”.
Just cancelled my PayPal account and asked them to delete my info. Had forgotten how many merchants I had paid with PayPal. There loss.
“Accidentally” threatening to slit my throat financially speaking. I’ll pass. Go ahead, PayPal, blame the whole
imbroglio on a nameless, invisible “Intern”.
“Go Woke, Go Broke” is finally coming to fruition?
I still say that was to replace sugar with HFCS and people wouldn’t notice when they brought back “Classic Coke”.
I cancelled this AM—
BTW, a few cantankerous Freepers will yell at you for not using the “search” function before posting in 3.....2.....
Did they mean your comments on ANOTHER platform? I mean, was PayPal threatening to ‘fine’ you if you posted something they didn’t like on Facebook?
That takes some brass balls...
Either way, cancelling my account today.
Is there any other platform like this?
Ya know, President Trump could literally crash their stock if he came out and urged the MAGA Conservative crowd to NOT BUY anything from a company that accepts PayPal.
All I can say is, “HAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHA!!!”
It’s a different source....................
So... Paypal admits they misinformed people by publishing that? Do we each get $2,500 now?
These woke CEO’s dont consider or care what happens to their stock price...they think they’re doing the right thing. Then they get fired by the board.
Extremely successful from 1886 until 1985, when they decided to change the drink. What colossal a-hole thought of that?
Good!!!
PayPal sucks...One of the worst companies I’ve ever dealt with.
Such a business opportunity.
A MAGA business could make bank.
That’s why people try to get “Mexican Coke”. They still use real sugar.
Just FYI Coca-Cola not yayo...
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