AFTER THREATENING TO STEAL MONEY FROM CUSTOMERS WHO SHARE “MISINFORMATION,” PAYPAL CLAIMS IT WAS ALL A MISUNDERSTANDING– PayPal made a bold assertion that it had a right to fine its customers for spreading misinformation when it changed its policy to reflect that assertion. After losing stock value and customers, the seditionist corporation is now feigning ignorance, claiming it never intended to do what it claimed it would actually do.
NEWSWATCH BLURB:
PayPal Says It Never Intended to Fine Users for ‘Misinformation’ – finance.yahoo.com
Excerpt:
(Bloomberg) — PayPal Holdings Inc. said it has no intention of fining customers for spreading misinformation, after attracting criticism for publishing a new user agreement outlining such a plan.
The issue gained traction over the weekend after the company published policy updates prohibiting users from using the PayPal service for activities identified by the company as “the sending, posting, or publication of any messages, content, or materials” promoting misinformation, in an Acceptable Use Policy due to kick in on Nov. 3. A penalty of $2,500 could be imposed for each violation, according to the update.
The notice included “incorrect information,” a spokesperson for PayPal said in a statement to Bloomberg News. “PayPal is not fining people for misinformation and this language was never intended to be inserted in our policy.”
Shares of the company tumbled as much as 5.3% to $85.43, the biggest intraday decline since July 26. They dropped 4.7% to $85.90 at 9:48 a.m. in…
