On 10-7-22, The Daily Wire published the following article:
New PayPal Policy Lets Company Pull $2,500 From Users’ Accounts If They Promote ‘Misinformation’
By Ben Zeisloft
*Link to full article: https://www.dailywire.com/news/new-paypal-policy-lets-company-pull-2500-from-users-accounts-if-they-promote-misinformation
A new policy update from PayPal will permit the firm to sanction users who advance purported “misinformation” or present risks to user “wellbeing” with fines of up to $2,500 per offense.
The financial services company, which has repeatedly deplatformed organizations and individual commentators for their political views, will expand its “existing list of prohibited activities” on November 3.
Among the changes are prohibitions on “the sending, posting, or publication of any messages, content, or materials” that “promote misinformation” or “present a risk to user safety or wellbeing.” Users are also barred from “the promotion of hate, violence, racial or other forms of intolerance that is discriminatory.”
The company’s current acceptable use policy does not mention such activities.
The next day on 10-8-22, as a reaction to the backlash caused by the Daily Wire article, PayPal “reversed” their policy statement:
PayPal Reverses Plan To Fine Users $2,500 For ‘Misinformation’ After Daily Wire Report
By Greg Wilson
*Link to full article: https://www.dailywire.com/news/paypal-reverses-plan-to-fine-users-2500-for-misinformation-after-daily-wire-report
A red-faced PayPal walked back a shocking new policy announcement that users who advance “misinformation” could face fines of $2,500 per offense, saying it was all a mistake after The Daily Wire called attention to the chilling scheme.
The financial services company, which has repeatedly deplatformed organizations and individual commentators for their political views, announced Saturday, one day after The Daily Wire story broke, that the announcement went out in error.
“An [Accepted Use Policy] notice recently went out in error that included incorrect information,” a PayPal spokesperson said. “PayPal is not fining people for misinformation and this language was never intended to be inserted in our policy. We’re sorry for the confusion this has caused.”
The following is a recap and commentary by YouTube channel Hayden Otto Crypto:
*Direct link to video: https://youtu.be/CSZ2UqeL2LY
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