Last night right wing social media was in a frenzy over new rules for PayPal that entailed withdrawing $2500 from your bank accounts if you were found to be promoting “misinformation”, such as “woman can only have babies.”
After the uproar, PYPL rescinded the order and said “just kidding.” But everyone knows this was just a trial balloon and there is more freedom of speech in China than in the west. PayPal in particular, along with JP Morgan, have “de-banked” people on the right over and over again for opinions that are deemed to be wrong by the state. Once upon a time I used to espouse such opinions overtly here at iBC but have since stopped in order to remain focused on finance for a plethora of reasons — deplatforming at the top of my concerns.
Over at Stocklabs less than 10% of our user base is via PayPal and we have seen a spike in cancellations since yesterday only for our PayPal users.
If you are concerned about using PayPal — feel free to cancel and rejoin under our Stripe model — which essentially is a card processor. I would nuke PayPal altogether, but it would create a further hassle for me and fuck them. I will, however, be sunsetting their platform and removing it from our landing page for future members soon.
As far as the stock is concerned, I am seeing a lot of PayPal cancellations on Twitter, but I suspect very few of them do large volume on the platform. I don’t think it will have a material effect on them, but would be delighted if I was wrong about this.
In other news, Youtube is now demonetizing accounts who have independent views on the Ukraine war. I know it’s a private company — go make your own global banking and social media systems.
Go fuck yourself.
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What lol, sorry from somebody that is not up to date with any this stuff. It’s the most incomprehensible things, I cannot begin to even understand going ons these days/ years.
A couple years ago, these kinds of actions were beyond imagination.
Apparently nothing is off the table.
A guy who had talk shows in multiple countries said BBC had 2 people on site and reviewed all scripts in advance.
RT – no review or oversight. Only rule: no violence. Odd no?
1st ever – one of my comments was de-digitized on here last wk
Sad. Empire in decline
took 30 mins for this^ to post
Give the guy a break. Fly was busy cooking dinner and putting the kids to bed. Those things are much more important than site moderation.
Color me a doofus but how would PayPal know what people post on blogs, twitter, etc.?
Did they buy that Israeli snooping device (Pegasus) that the Mexican cartel uses to find and kill journalists?
Coordinated effort. They’re all in it together.
LGBT activists have nothing better to do than play act stasi.
@DylanLeClair_
On September 22nd the Bank of Japan spent ¥2.84 trillion ($19.7 billion) to stem the yen’s slide, its first intervention to support the currency since 1998.
Speculators continue to pile on short as yield curve control persists in Japan – USDJPY has since fully retraced.
-Probably nothing