PayPal stock plummets after they ‘accidentally’ threaten to FINE people $2500 for wrong-think … and there is MUCH rejoicing

Twitchy ^ | Posted at 1:48 pm on October 10, 2022 | by Sam Janney

[DesertRhino]

If I’m not mistaken, Elon musk owns PayPal. If that’s the case, they know his stance on free speech. So this would clearly have to be some executive decision designed to give Elon the finger. Let’s see if he pimp slaps them back into line.

[unixfox]

I almost wish I had some money in stocks, so I could quickly buy short as some company goes ‘woke’.

An Index fund for woke. Now there's an interesting concept.

[kara37]

Paypal was around 270 bucks a year ago

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Exactly, I always find it amazing that any company would chase away customers on purpose, but especially one that desperately needs every customer they can get.

[flamberge]

I think the focus of the PalPal TOS update (to be implemented Nov. 3, ‘22) were businesses/organizations....the receivers of PayPal payments/money.

This was a first direct strike at small businesses which use PayPal - such as blog authors and niche retailers who cater to "unapproved" customers or market "unapproved" ideas.

Free Republic and similar forums that still use PayPal are all obvious targets.

But the policies apply to purchasers and customers of "unapproved" business as well. That is the follow-up strike.

They are going after everybody who does not submit to their approval.

PayPal is not really a viable business any longer. It is government outsourcing of totalitarian control. A deniable variation of "Operation Choke Point"

[maddog55]

Thanks for the info.

[jdege]

Has anyone checked Google’s search statistics for “PayPal alternatives”?

[TXBlair]

I need to cancel my PP account, too. May I ask what service you might use instead? Any recommendations?

[TXBlair]

Is there a particular service that you use instead of PP? I need to cancel my account, too, but I’ve used if for so long (initially for eBay, like you) that I don’t really know what else is out there.

Thanks in advance!

[SubMareener]

Just CC on the merchant’s site.

[SuperLuminal]

Did my part...

[madison10]

Same. Got it for ebay.

[Prince of Space]

I used PayPal once in 2021…to buy ivermectin and hydroxychloroquine from India. Sometimes ya gotta bite the bullet.

[Striperman]

6.1% not that much of a drop really, hope it’s start trending down.

[LouAvul]

I just this day cancelled my paypal account.

[Shady]

I won’t use them again.

[Shady]

It was Gillette, and they whimpered.

[Shady]

It was Gillette, and they whimpered.

[Skwor]

Closed my account today, best thing all can do is just leave Paypal.

[FlingWingFlyer]

PayPal sucks.

[rod5591]

Closed my PayPal account today. Told them why I did also.