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Chronicle Live
National
Catherine Addison-Swan

PayPal users rush to delete accounts after ‘misinformation’ policy update

PayPal Elon Musk Financial World

There was a huge spike in PayPal users looking to delete their accounts after the online payment system updated its policy.

The new addition to the policy said that PayPal users could be fined $2,500 for spreading misinformation about the company. The update sparked an intense backlash on social media at the weekend, with many voicing their anger at the policy including Tesla and SpaceX CEO Elon Musk.

PayPal quickly retracted the update, with a spokesperson saying: “PayPal is not fining people for misinformation and this language was never intended to be inserted in our policy.” But the initial announcement has done lasting damage, with many users seemingly considering ditching the company.

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