To investors, PayPal published a new policy towards the end of last week that was set to go into practice in November. Companies do this all the time and there is never any fanfare. But this policy update was quite different. PayPal explicitly stated that they would target anyone “sending, posting, or publication of any messages, content, or materials” that “promote misinformation.” How would they do this? The company would deduct $2,500 from your PayPal account if they deemed you were in violation.
Wow. If they had this policy in place two years ago, how many people would they have stolen from because their VICTIM said things like:
"The vax doesn't stop the spread of covid"
"Natural antibodies are stronger than vax antibodies"
"Ivermectin can aid in the healing process"
"Vit. D, C and Zinc are good prophylactics"'
"Lockdowns do more harm than the virus"
ALL of those statement and more have been proven to be true...but in the beginning of the big vax scare, anyone saying such things was demonized and sometimes deplatformed or shadow banned.
Anthony, do you know of any companies building parallel payment systems to compete? I’m going to try Gabpay, but since Venmo is also owned by PayPal, and Zelle by the big banks, it’s very believable to see a day where people will be deplatformed from the payment systems. It’s already happened to many conservatives.
Like Twitter, PayPal is now judge, jury, and executioner (sentenced to fines). I wonder where they find the time to figure out who is against their world view? Or is having an opinion a popularity contest now and you lose if you’re not in the right clique as in high school.
Yup. But everyone should already not have PayPal accounts after they’ve done all this closing of accounts/theft of funds over speech. If you listen to their CEO, you should see this coming a mile away.
Wow. If they had this policy in place two years ago, how many people would they have stolen from because their VICTIM said things like:
"The vax doesn't stop the spread of covid"
"Natural antibodies are stronger than vax antibodies"
"Ivermectin can aid in the healing process"
"Vit. D, C and Zinc are good prophylactics"'
"Lockdowns do more harm than the virus"
ALL of those statement and more have been proven to be true...but in the beginning of the big vax scare, anyone saying such things was demonized and sometimes deplatformed or shadow banned.
Have we learned nothing???
Anthony, do you know of any companies building parallel payment systems to compete? I’m going to try Gabpay, but since Venmo is also owned by PayPal, and Zelle by the big banks, it’s very believable to see a day where people will be deplatformed from the payment systems. It’s already happened to many conservatives.
has the world gone completely NUTS??!!!
Great post
Like Twitter, PayPal is now judge, jury, and executioner (sentenced to fines). I wonder where they find the time to figure out who is against their world view? Or is having an opinion a popularity contest now and you lose if you’re not in the right clique as in high school.
Well said, Pomp.
Sad that a company founded by based legends like Musk, Thiel, and Sacks has fallen so far. You must Support the current thing company! https://yuribezmenov.substack.com/p/how-to-build-a-killer-business-and
Yup. But everyone should already not have PayPal accounts after they’ve done all this closing of accounts/theft of funds over speech. If you listen to their CEO, you should see this coming a mile away.