PayPal reversed its decision to fine users $2,500 for violating its terms of service after Elon Musk and a former executive led a furious backlash against the move on social media.
In a tweet Saturday, former PayPal President David Marcus spoke out against a new policy, first reported by The Daily Wire, that would apparently allow the digital payment processor to charge users $2,500 for posting materials that “promote misinformation” or “present a risk to user safety or wellbeing.”
Elon Musk, a co-founder of PayPal, said he agreed with Marcus’ criticism, joining a number of others who have spoken out against the new policy.
“It’s hard for me to openly criticize a company I used to love and gave so much to,” Marcus wrote on Twitter. “But @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 wrote in reply to Marcus.
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. A private company now gets to decide to take your money if you say something they disagree with. Insanity. https://t.co/Gzf8faChUb
— David Marcus (@davidmarcus) October 8, 2022
The criticism from Marcus and Musk, who was on the board of directors and briefly CEO of PayPal during its early days, were at the front of a fury of backlash to the proposed policy.
“Get your money out of [PayPal] right now,” venture capitalist David Sacks tweeted.
“Seriously, close your PayPal account immediately if they don’t reverse this today,” replied Scott Adams, creator of the “Dilbert” comic strip.
“Why would anyone use @PayPal ever again?” conservative commentator John Cardillo wrote. “They’ve flat out told you they’re going to steal your money if you disagree with the regime.”
“The ‘misinformation’ police are now extending their reach beyond your social media accounts and into your financial accounts,” author and entrepreneur Vivek Ramaswamy wrote.
“PayPal probably isn’t protected by Section 230, so it could face legal liability in states with political nondiscrimination statutes,” Ramaswamy added later. “It’s an easier case to make than against a social media platform.”
“Orwellian. Paypal reserves the right to take your money if you post a message that Paypal decides is ‘misinformation,’” former FCC Commissioner Brendan Carr said. “This is why it is so vital that state and federal legislatures pass laws that prohibit discrimination by tech companies and protect free speech.”
“’PayPal mafia’ was supposed to be an endearing reference to the company’s alum—not a business plan,” Carr added.
Sen. Marsha Blackburn (R-TN) hinted at congressional action in a reply to The Daily Wire’s report. “PayPal is censoring speech,” Blackburn wrote. “If you don’t listen, they will steal your money. We cannot allow this to happen.”
Arizona Republican Senate Candidate Blake Masters also hinted that he would take action against PayPal if he is elected. “I will be putting a stop to this soon,” Masters tweeted.
Podcaster and Locals.com creator Dave Rubin also hinted at a fix of his own. “Coming soon. We are working on solutions…” Rubin wrote in a Twitter thread.
The backlash prompted PayPal to walked back the new policy. “An AUP notice recently went out in error that included incorrect information,” the company said in a statement, obtained by National Review reporter Caroline Downey. “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.”
🚨FROM PAYPAL SPOX:
“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.”
— Caroline Downey (@carolinedowney_) October 8, 2022
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Perhaps the first time that a PayPal executive or Board Member is strung up and hung from a bridge for stealing, the current generation of woke Luciferians would reconsider the paths they are choosing.
PayPal has been stealing money from account holders for at least 2 years. No reason is ever given and account holders have to take them to court and then PayPal settles out of court. Nothing ever happens to them and they continue to do it to this day. I hate them and have been trying to get my husband to close his PayPal account for a long time.
And I suppose Paypal(Rapepal)will use the power of the STATE to collect?!?
True Fascism!….
I’ve had an account that I have used for convenience since I first opened an eBay account years ago. I closed it yesterday. I told them that I hope they go bankrupt. Couldn’t resist dropping the “go woke, go broke” line on them before I hung up.
I gave that exact reason on their website when I closed my account yesterday.
So will Paypal fine itself for spreading misinformation?
Why not name the creep behind this criminal effort to steal people’s money for their thoughts and words? His name is Daniel H. Shulman (sometimes spelled Schulman), CEO of PayPal. Look him up. He is a born leftist troublemaker, the spawn of two other filthy, treasonous subversives. He has been undermining our country since his Red mother spit him out. Born in New Jersey, he now has a home in Berkshire County, Massachusetts (and we can assume many others in the garden spots of the world).
A poster boy for the kind of arrogant, America-hating shits who populate the upper ranks of CEOdom.
His wife, Jennie Kassanoff, and his two brats, Molly and Jake, surely make up a lovely foursome.
This country is careening towards open civil conflict. Human cesspits like Danny boy imagine that their money can protect them from retribution for what they have done. The French and Russian aristocrats no doubt shared similar thoughts.
People like him are solely responsible for the violence that will soon engulf our country, harming guilty and innocent alike.
“Leftists” have a name and it is usually jew.
Idiots have a name and it is usually Kendoll stupid.
And who the hell is paypal to define “misinformation”? Did someone elect them to be the ministry of truth? I am perfectly capable of deciding for MYSELF what is accurate and what is not. I don’t need paypal or any other corporation to be my daddy and protect me from scary words.
Denninger rightly rants about this:
https://market-ticker.org/akcs-www?post=247132
Denninger also links a .pdf of the policy.
Funny thing, the policy says “last updated November 3, 2022″ (my emph.)
I don’t know what that means. Does it mean Denninger got a phony .pdf? Is the policy not real? Or, as I suspect, it was never meant to go into effect until November (and, obviously, not meant to see the light of day until then, either).
Which makes me ask, “Does PayPal know about something that’s going to happen in the next month that I don’t know?”
`É uma ótima questão, sinceramente!
It was an upcoming EULA change, it hadn’t gone into effect.
Anybody that would still use PayPal after this is an idiot. It was obvious this would happen. They need to loose all of their customers. Apparently PayPal customers weren’t watching Canada.
Let me see if I have this information processed correctly: if I criticize the WH Squatter of Basement Fraud and his cohort of anti-American, Anti-Constitutional Imperial Vatican Bilderberg CFR Trilateral Globalist DOMESTIC TERRORISTS, paypal will ‘fine’ me? If so, someone call Rogue FBI and file a report. Rogue VS Rogue would be an interesting look.
All of this hysteria about speech started back in the 90’s when every benign thing was labeled “racist” then moved on to “hate speech” and now we have “misinformation” and “disinformation”. Just shut up and take your deathjab.