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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

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.



TOPICS: Business/Economy; Constitution/Conservatism; Culture/Society; Politics/Elections
KEYWORDS: andagain; getworkgobroke; payenemy; paypal
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To: Red Badger

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.


61 posted on 10/10/2022 2:57:32 PM PDT by DesertRhino (Dogs are called man's best friend. Moslems hate dogs. Add it up..)
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To: Mr. K
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.

62 posted on 10/10/2022 2:58:11 PM PDT by unixfox (Abolish Slavery, Repeal the 16th Amendment)
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To: AndyTheBear

Paypal was around 270 bucks a year ago

********************************

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.


63 posted on 10/10/2022 3:02:31 PM PDT by kara37 ( )
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To: Drago
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"

64 posted on 10/10/2022 3:06:17 PM PDT by flamberge (Those who pose the greatest danger to you are living within five miles of you.)
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To: Drago

Thanks for the info.


65 posted on 10/10/2022 3:14:24 PM PDT by maddog55 (The only thing systemic in America is the left's hatred of it!)
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To: Red Badger

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


66 posted on 10/10/2022 3:16:56 PM PDT by jdege
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To: SubMareener

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


67 posted on 10/10/2022 3:27:11 PM PDT by TXBlair (We will not forget Benghazi.)
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To: MAKOTHEDOG

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!


68 posted on 10/10/2022 3:31:08 PM PDT by TXBlair (We will not forget Benghazi.)
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To: TXBlair

Just CC on the merchant’s site.


69 posted on 10/10/2022 3:38:30 PM PDT by SubMareener (Save us from Quarterly Freepathons! Become a MONTHLY DONOR)
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To: Red Badger

Did my part...


70 posted on 10/10/2022 3:49:31 PM PDT by SuperLuminal
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To: TXBlair

Same. Got it for ebay.


71 posted on 10/10/2022 4:12:42 PM PDT by madison10 (There is no King, but Jesus.)
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To: maddog55

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


72 posted on 10/10/2022 4:20:19 PM PDT by Prince of Space (Let’s Go, Brandon! )
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To: Paladin2

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


73 posted on 10/10/2022 4:53:08 PM PDT by Striperman (Striperman)
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To: Red Badger

I just this day cancelled my paypal account.


74 posted on 10/10/2022 5:07:22 PM PDT by LouAvul (Complacency is the enemy of courage.)
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To: Red Badger

I won’t use them again.


75 posted on 10/10/2022 5:46:06 PM PDT by Shady (The #JihadJunta: "We are now a nation of Men, Not of Laws. You are not as equal as we are...")
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To: Texas resident

It was Gillette, and they whimpered.


76 posted on 10/10/2022 5:48:01 PM PDT by Shady (The #JihadJunta: "We are now a nation of Men, Not of Laws. You are not as equal as we are...")
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To: Texas resident

It was Gillette, and they whimpered.


77 posted on 10/10/2022 5:48:05 PM PDT by Shady (The #JihadJunta: "We are now a nation of Men, Not of Laws. You are not as equal as we are...")
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To: Shady

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


78 posted on 10/10/2022 5:52:32 PM PDT by Skwor
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To: Red Badger

PayPal sucks.


79 posted on 10/10/2022 5:53:00 PM PDT by FlingWingFlyer (Let's Go Brandon! FJB.)
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To: Red Badger

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


80 posted on 10/10/2022 6:05:02 PM PDT by rod5591
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