PayPal reverses plan to fine users $2,500 for "misinformation," claims announcement "went out in error"
After yesterday's shocking report of PayPal's new terms allowing the company to fine users $2,500 if they deem them guilty of spreading "misinformation," the company has now walked back the new policy and even claimed it was announced "in error."
They will still do it, just call it something else.
PayPal Still Threatens $2500 Fines for Promoting "Discriminatory" "Intolerance" (Even if Not "Misinformation") - https://reason.com/volokh/2022/10/09/paypal-still-threatens-2500-fines-for-promoting-discriminatory-intolerance-even-if-not-misinformation/
Promoting discrimination against Whites and Asians will not be punished by Paypayl though.
This is old news by this point. The story is evolving, now thet are possibly facing bankruptcy from what is effectively a bank run.
We can only hope.
Edit: I advocate a bank run in general due to non-existent savings rates in light of relatively high federal reserve rates. Look at the 13 Week Treasury Bill yield currently. Pays much better than a savings account or stuffing your money into a checking account.
This was actually good as I logged into paypal to cancel it and found I have some money that I can return to me.
Then cancel once it's in my hand.
Down over 5 percent in stock value today. Their executives should be in prison.