PayPal Pulls Plan to Fine Customers $2.5K for Promoting Misinformation – PayPal issued a policy which would fine users $2,500 for “misinformation” after a barrage of criticism on social media, including from Elon Musk and another one of the company’s former leaders. According to the Daily Wire, which first reported the change on Friday, the penalties posted on PayPal’s website would be issued to users who “promote false information” or “pose a threat to user safety or wellbeing.”
The new policy was scheduled to be implemented on November 3, according to the report. Yahoo News reported that a company representative said the change was published “in error.” “An AUP notice recently went out in error that included incorrect information,” the statement said. “PayPal is not fining people for misinformation and this language was never intended to be inserted in our policy.”
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At least two of the company’s former leaders, including the company’s founder Elon Musk, took the proposal from the famously woke corporation seriously, and responded via Twitter. “It’s hard for me to openly criticize a company I used to love and gave so much to,” tweeted former company president David Marcus. “PayPal ’s new AUP goes against everything I believe in. A private company now gets to decide to take your money if you say something they disagree with. Insanity.” “Agreed,” Musk commented in the replies.
PayPal Pulls Plan to Fine Customers $2.5K for Promoting Misinformation – PayPal also banned users who espouse views it says that promote hate, violence, or discriminatory intolerance. Earlier this month, the company banned a group called “Gays Against Groomers,” which LGBT advocates have labeled a “hate group.”
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