News of the big financial Tech Giant Paypal caught in a Scandal.
The reporting coming from many news outlets in the last 48hrs comes from a policy change in the last 48 hrs which fines anyone that promotes “Hate” Later Paypal backtracks on their policy that it happened to be an “error”. Even Paypal Backtracks will things change?
My take on this is, it was not an error! if this was an “Error” why even continue this policy hidden away from the public not letting the public know what’s even happening in the background.
I don’t know how genuine Paypal walking back on their policy. Personally, Paypal has become dirtier to work with or to keep your money on their Paypal account.
Even Former Paypal President David Marcus Tweet.
It’s hard for me to openly criticize a company I used to love and gave so much to. But @PayPal’s new AUP goes against everything I believe in. A private company now gets to decide to take your money if you say something they disagree with. Insanity. https://t.co/Gzf8faChUb
— David Marcus (@davidmarcus) October 8, 2022
I 100% with David Marcus. Insanity is what I define as Paypal currently. Just because you do not like what’s happening doesn’t mind a company can go out and take out your account because of some mean words that a person said…
Due to the backlash, the founding member of Paypal, Elon Musk agreed on David Marcus in the tweet.
As far as it goes. I am now sure I want to continue doing business with Paypal after the company’s revelation. I know some people will, but why would you?
Venmo
If you have forgotten Venmo is a Paypal product, if you have Venmo I would be the one to get rid of it. I’d never put 100% of my currency on those platforms. If anything shows. You do not own your money the time companies change rules and TOSes, whether you agreed to them or not. This PayPal backlash is a clear indication to let go and get your money out.
Thanks for reading the LLG Entry
