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The announcement of layoffs also comes as the company still faces backlash for an updated terms of service policy that showed they wanted to fine users $2500 for spreading "misinformation," directly taken from their bank accounts.
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Learn to code!!!
ReplyDeleteOh... right.
They're unwilling to allow that the "$2500 fine for unapproved content" scandal could have something to do with it, aren't they?
ReplyDeleteYou noticed that too, huh? It got only a brief mention down at the bottom.
DeleteI canceled my PayPal account that day. I won’t say I’ve never wished I still had that account, but I can certainly live without giving my money to Communists.
ReplyDeleteI closed mine that same day too.
DeleteIt sucks that I was getting $300-400 bucks a month for my time and effort on this blog when I had paypal and now I'm lucky if I get 20 bucks in the mail, but it is what it is.
No regrets.
Do you have cashapp?
DeleteKenny, let Elon know your situation. Apparently he is looking to make Twitter into a payment processor.
DeleteAnd to think; I used to love paypal. Now I see them as communist a-holes. If I have to use them in the future I am going to get a walmart prepaid card to use and will remove my debit card number that they currently have.
ReplyDeleteWent woke-tyrant and going broke. Saying they could just penalize their customers and take their money was a massive mistake. I wonder how much their revenue is down because of it.
ReplyDeleteMusk just filed SEC paperwork earlier this week for Twitter to handle / process money, a la Paypal. Would be ironic if he killed Paypal, since he helped launch it. IIRC that's where he made his first millions.
My daughter is an artist, and wants to set up a PayPal account to sell some of her digital art to a few people who have asked about commissioning a couple of things, and so she wants an account to get paid. Her mom and I keep a close eye on her finances, since she is pretty much a social nightmare, I must admit. She is smart as a whip but has no street smarts, to put it kindly.
ReplyDeleteI have an account in a bank that I use only to pay my internet bill from, and I plan on linking her PayPal account to this bank since every single time anything touches the account, be it a check drawn on it, or a debit on it via a card, or any deposit, I get an email immediately.
Since I only keep around 150 bucks in the account at any time, that would be the most money that could be lost, and since I get emails for any withdrawals, I figure that I get enough of a warning to try and stop things and if I am too late, it is not the end of the world, but I would still try and fight it, via my bank.
Since there are so many businesses that lean to the left, with an ever increasing number going full socialist, it actually is pretty difficult to keep trying to pick only businesses that are solid and strong American loving companies. They are still out there, in great numbers, it is just hard to find them. And other companies, like the auto industry, are made of parts from so many different places that you can't call them from any one single country. PayPal might be one crappy company, but they still provide a service that is needed. Just like the car you drive has parts made in China, both Taiwan and CCP. Just don't buy into their line of BS, and don't give them anything you don't have to.
I had 350 in cash sitting in my paypal account. I bought something for that amount and my wife and I closed our accounts. What the fuck are they thinking.
ReplyDeleteTheir earnings call is next week. It might be the highlight of the year, as they try to explain why I, you, and many others zero'd out our accounts in Q4. Was it the recession? Inflation? What could the reason be, they'll ask. Surely those customers will come back, right?
ReplyDeleteIf the large shareholders are paying attention, they'll demand the CEO step down. Anything less decisive will result in more layoffs. Either way, I will continue to LMAO.
I just used mine for paying for internet orders, but damned if I was going to contribute in any way to a company that pulled this crap. Closed my account as soon as I heard about their grift.
ReplyDeleteHey Kenny;
ReplyDeleteI have had my Paypal account since the early 2000's for my ebay shopping and was very happy with it, until the updated "terms of Service", I killed that sumbitch as soon as I confirmed it. dam lefties gotta corrupt another institution....I hope they liked their stock prices cratering...assholes.
Pigpen, get on with a credit union. I use Navy Federal.
ReplyDeleteIf y'all liked the Paypal story Wirecutter posted, you'll love this....
ReplyDeletehttps://www.thefinancialtrends.com/2023/02/03/impossible-foods-will-cut-20-of-its-workforce/
- WDS