Paypal planned to punish users $2,500 for “misinformation”, then reverses after backlash
Posted on by Constitutional Nobody
If you have money in a Paypal account, you may have had $2,500 stolen from you by Paypal if you posted anything they considered “misinformation”. Then after a ton of backlash, Paypal reversed the decision. If you have money in a Paypal account, you may want to consider taking it out. Don’t be surprised if Paypal or some other online “cashless” companies try to pull the same crap.
PayPal has backtracked on a published policy that would have fined users $2,500 for spreading “misinformation,” claiming the update had gone out “in error.”
“An AUP notice recently went out in error that included incorrect information. PayPal is not fining people for misinformation and this language was never intended to be inserted in our policy. Our teams are working to correct our policy pages. We’re sorry for the confusion this has caused,” a spokesperson told National Review in a written statement.
The course reversal comes after the policy changes had started to attract media scrutiny as well as criticism on Twitter. Former PayPal president David Marcus even blasted the company over the implication that it could seize customers’ money for finding their views objectionable.
“It’s hard for me to openly criticize a company I used to love and gave so much to. But @PayPal’s new AUP goes against everything I believe in,” the cryptocurrency entrepreneur said Saturday. “A private company now gets to decide to take your money if you say something they disagree with. Insanity.”
This has Klaus Schwab and the WEF written all over it.
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