Share prices for PayPal dropped nearly 5% on Monday morning after a report from The Daily Wire highlighted the firm’s attempt to fine users $2,500 for spreading “misinformation” through the platform.
The financial services company, which has repeatedly deplatformed organizations and commentators for their political views, had announced a forthcoming update to its acceptable use policy that would have banned the promotion of “misinformation,” as well as “hate, violence, racial or other forms of intolerance that is discriminatory.” Within one day of The Daily Wire breaking news of the policy change, PayPal claimed that the new guidelines were published “in error” and apologized “for the confusion this has caused.” Read more…
