![]() ![]() The tech entrepreneur, who is also an alum of Facebook/Meta, tweeted: On the same day, ex-PayPal President David Marcus exerted even more pressure on the company when he took to Twitter to express his disappointment in his former employer. Impressive, but that was just the beginning. The hashtag earned 59,544 tweets, most of which were sent on 8 October, according to TweetBinder. ![]() One of the first signs that things had gone awry for CEO Dan Schulman and his board was when “bankruptPayPal” started trending on Twitter. While it is difficult to say which response was the straw that broke the camel’s back for PayPal, we can certainly try. PayPal had distanced itself not only from former peers but also customers and investors. "PayPal is not fining people for misinformation and this language was never intended to be inserted in our policy.”īy that time, the damage had already been done. PayPal chalked it up to "incorrect information,” stating to media outlets: It may have been the weekend, but the backlash didn't take long, causing the company to quickly backpedal. The board and management seemingly thought it was a good idea to update their Acceptable Use Policy (AUP) and publish language stating that users would be fined $2,500 for every instance of spreading what PayPal deemed to be “misinformation,” according to reports. ![]() PayPal caused quite a kerfuffle over the past week when it attempted not only to censor, but also threaten its users. ![]()
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