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The Latest Breaking News from PayPal

PayPal receives customer backlash as users delete accounts due to £2,200 fine warning

The announcement came as part of a new policy that aimed to stop the spread of misinformation - but since then, the payment giants have been forced to turn their policies back.

Edinburgh Live

PayPal issues £2,200 fine warning causing users to delete accounts

PayPal has since done a U-turn following the backlash

Liverpool Echo

PayPal users rush to delete accounts due to fears over £2,200 fines

Google searches for 'delete PayPal' skyrocketed following the firm's announcement that users could be fined for spreading misinformation

Nottingham Post

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PayPal users scramble to delete accounts after £2200 fine warning

“A private company now gets to decide to take your money if you say something they disagree with. Insanity."

Manchester Evening News

Google searches for ‘delete PayPal’ explodes after £2,200 fine warning to users

PayPal's policy announcement, which said users can be fined $2,500 for spreading misinformation, has now been retracted - and previous co-founder Elon Musk was among those criticising

Daily Mirror

Google searches for 'delete PayPal' spike in new policy backlash

The e-finance giant said that it was going to fine users over €2,500 for making false claims online

Dublin Live

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

PayPal quickly retracted the new addition to its policy, which said that users could be fined up to $2,500

Chronicle Live

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Thousands of people searching how to 'delete Paypal' after 'insane' new policy announcement

“A private company now gets to decide to take your money if you say something they disagree with. Insanity"

Irish Mirror

'Delete Paypal' searches rise by 1,400 per cent after policy announcement

Co-founder Elon Musk was among those criticising the online payments giant

Wales Online

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

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), wh

Benzinga

PayPal Says It Won't Fine Users $2,500 for Misinformation, but It Will Fine Them for 'Intolerance'

"Sounds like a good reason to think twice about using PayPal," writes Eugene Volokh.

Reason

Russia Launches Fresh Offensive, Musk Concerned Over Nuclear War, PayPal Saves Face With Policy Rollback And More: 5 Key Stories You May Have Missed From The Weekend

The market is in a dire state as macroeconomic uncertainties and geopolitical tensions abound. With earnings season around the corner, every development, news and comment is likely to be sifted through by traders to analyze their implication on the market trajectory. Here's a recap of a few major headlines that…

Benzinga

Do you use Zelle? Here's how to spot increasingly common scams

Credit cards and digital payment apps such as PayPal offer some distinct advantages over cash, including the ability to recover money paid to scammers.

Los Angeles Times

PayPal Still Threatens $2500 Fines for Promoting "Discriminatory" "Intolerance" (Even if Not "Misinformation")

Yahoo! Finance (Adam Sabes) reported yesterday (as did many other sites): A new PayPal user agreement that threatens to fine users up to $2,500 if they use the service to "promote misinformation," was sent out "in error," a PayPal spokesperson tells FOX Business. The updated PayPal Acceptable Use Policy effective…

Reason

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Financial Times

Elon Musk: ‘Aren’t you entertained?’

The Tesla chief talks to Roula Khalaf about moving to Mars, saving free speech via Twitter — and why ageing is one ‘problem’ that should not be solved

Evening Standard

The Right Stuff: Conservative dating app founded by former Trump staff mocked online

The Republican dating app’s prompts include “view profiles without pronouns”, and is backed by Paypal co-founder Peter Thiel

Reason

"FIRE Statement on Free Speech and Online Payment Processors"

Seems quite sound to me; here's the introduction and some examples, but read the whole thing: The issue: Online payment processors like Venmo and PayPal often deny Americans access to these vital services based on their speech or viewpoints. The concern: When these companies appoint themselves the arbiters of what…

Wales Online

Nephew stole dead uncle's cryptocurrency worth £17,000 to buy gadgets

Callum Burn-Keen-Friel, 21, was given details to the cryptocurrency account by another uncle while staying at his house in Cwmcarn, Caerphilly

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Belfast Live

Leah McCourt shares 'creepy' messages she gets from fans

"I get loads of messages saying 'Can I pay you, can I send you money on my Paypal?"

StockNews.com

3 Fintech Stocks to Add to Your Watchlist This Fall and 1 to Avoid

The fintech industry has grown significantly over the past few years due to the pandemic-driven accelerated pace of digitization. Continued digitization of businesses and financial transactions should keep driving the industry’s growth. Thus, investors could add promising fintech stocks Visa (V), AssetMark Financial (AMK), and Regional Management (RM) to their…

Irish Mirror

Irish arm of PayPal recorded over €54m profit in 2021 but still cut over 300 jobs

The 333% increase in pre-tax profits at Paypal Europe Services Ltd came ahead of a Paypal decision during the first quarter of this year to cut its Irish workforce in Dublin and Dundalk

The Independent UK

Jacob Rees-Mogg claims PayPal indulging in ‘cancel culture’ over blocked accounts

US giant should not ‘push political opinions’, says cabinet minister after Toby Young accounts blocked

StockNews.com

2 Robinhood Stocks That Are Far From Being Safe

Robinhood (HOOD) is a securities brokerage firm that offers commission-free investing services. Stocks traded on the HOOD platform are considered highly popular. However, not all the hyped stocks traded on the HOOD platform possess fundamental strength. Hence, amid the persistent market volatility and looming recession, fundamentally weak Robinhood stocks PayPal…

Wales Online

Conmen ran fake modelling agency to get intimate images of women to sell on

Oliver Pendleton and Jason Maguire pretended to be a woman called Gemma Wright who ran a modelling agency called Shining Star

StockNews.com

Is PayPal Stock Getting Its Mojo Back?

Digital payment company PayPal (PYPL) reported approximately 10% year-over-year revenue growth in the fiscal 2022 second quarter. However, its bottom-line performance suffered significantly. Furthermore, analysts seem bearish on its earnings growth prospects due to declining user growth and the current macro headwinds. So, given PYPL’s solid top-line growth, can the…

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