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.
I think the number of people closing accounts is much worse than has been reported.
Paypal was around 270 bucks a year ago and has been in a long down trend and today’s drop was pretty tame and typical compared to larger price shifts along the way. To spin it as some massive unusual drop due to Paypal’s stupid 2500 dollar misinformation thing is silly.
Remember when Schick went woke and started dogging on toxic masculinity? Go woke go broke works every time it is tried.
It was no accident. Did they think we would believe that?
I’m surprised they didn’t try the “glitch “ excuse.
Remember biden’s dysinformation nazi agency?
He was forced to disband it. I knew would come back. He’s using payment processors to implement it.
Nazis never give up.
ooooh nice turn :)
Since PayPal is nothing but an online pseudo bank they don’t have content such as news and commentary. So yes, they would monitor other sites and “fine” people with whom they disagree.
The idea of a $2500 fine had to have gone through company heads and legal heads in the company, and, most importantly...
their political consultants’ heads, namely, the democrat party and the lefty media.
Nothing gets politicized unless the democrats have a hand in it.
and float down undamaged thanks to their golden parachutes.
Spot on. They took the abuse for "marketing mistake of the century" and laughed all the way to the bank with their new HFCS based Coke that would not have been accepted without that little 'new coke' game.
They still teach that in B-schools as the biggest marketing snafu when they should teach it as the greatest marketing triumph of all time.
Based on what I’m seeing in various remarks on forums, there is a veritable “stampede” of people closing PayPal accounts. The arrogance/hubris of PP to think they can just rip people off for $2,500 any time they feel like it - that is a LOT of money and any amount of money for ‘censoring’ is too much. PP has been closing conservative accounts, bad behavior that didn’t get the attention it deserved, so this was the in-your-face straw that broke the camel’s back for many.
Schick? That was Gillette.
https://www.theglobaldispatch.com/gillette-tries-new-direction-after-woke-toxic-masculinity-campaign-failed-pg-lost-8-billion/
They didn’t really apologize. They just lied. Everyone should get far away from them. My wife is very easygoing and she cancelled her account.
It was some Latin American guy who leveraged nascent wokeness to get control of Coca Cola. He became the CEO of Coca Cola and set in motion the whole New Coke, HFCS Coke thing. Roberto was a cluster funk.
Roberto Críspulo Goizueta Cantera had no business in messing with the mother's milk of good ol' boys. He didn't understand the iconic role played by Coca Cola in American life. Roberto was totally clueless and out of his league when it came to American tastes.
I have no doubt either they seriously thought they could slip this one by, or it was a test run for the fed’s social scoring system via digital currency. I have absolutely no doubt PayPal is working hand-in-glove with the corrupt federal government to set up the Central Bank Digital Currency (CBDC) and usher in a social scoring network.
“I almost wish I had some money in stocks, so I could quickly buy short as some company goes ‘woke’.”
You don’t need to have money in stocks to go SELL short or buy put options.
Cancelled account
“All I can say is, “HAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHA!!!””
Are you sure you were a Marine?
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