PayPal Stock Plunges Despite Pulling Controversial Policy Fining Users $2,500 for ‘Misinformation’

PayPal Stock Plunges Despite Pulling Controversial Policy Fining Users $2,500 for ‘Misinformation’
Paypal headquarters in San Jose, Calif., on April 9, 2018. Justin Sullivan/Getty Images
Jack Phillips
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PayPal’s stock dropped more than 6 percentage points on Monday after reports emerged that the firm may attempt to fine people $2,500 for spreading “misinformation” via the platform.

Over the weekend, the company told The Epoch Times that “PayPal is not fining people for misinformation and this language was never intended to be inserted in our policy,” adding, “An [acceptable use policy] notice recently went out in error that included incorrect information,” the statement said.
Jack Phillips
Jack Phillips
Breaking News Reporter
Jack Phillips is a breaking news reporter who covers a range of topics, including politics, U.S., and health news. A father of two, Jack grew up in California's Central Valley. Follow him on X: https://twitter.com/jackphillips5
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