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Benzinga
Benzinga
Business
Melanie Schaffer

PayPal Stock Flushes Lower Following Acceptable Use Policy Update, Widespread Backlash: What's Happening?

PayPal Nasdaq

PayPal Holdings, Inc (NASDAQ:PYPL) gapped down and lost 6.27% in Monday's session after the financial technology company walked back a change it published to its acceptable use policy (AUP), which would have allowed PayPal to debit users $2,500 for spreading “misinformation.”

PayPal said the AUP was published in error and contained incorrect information.

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