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The Latest Breaking News from PayPal

PayPal Stock Flushes Lower Following Acceptable Use Policy Update, Widespread Backlash: What's Happening?

PayPal Holdings, Inc (NASDAQ: PYPL) gapped down and lost 6.27% in Monday's session after the financial technology company walked back a change it published to its acceptable use policy (AUP), wh

Benzinga

PayPal Says It Won't Fine Users $2,500 for Misinformation, but It Will Fine Them for 'Intolerance'

"Sounds like a good reason to think twice about using PayPal," writes Eugene Volokh.

Reason

Russia Launches Fresh Offensive, Musk Concerned Over Nuclear War, PayPal Saves Face With Policy Rollback And More: 5 Key Stories You May Have Missed From The Weekend

The market is in a dire state as macroeconomic uncertainties and geopolitical tensions abound. With earnings season around the corner, every development, news and comment is likely to be sifted through by traders to analyze their implication on the market trajectory. Here's a recap of a few major headlines that…

Benzinga

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Do you use Zelle? Here's how to spot increasingly common scams

Credit cards and digital payment apps such as PayPal offer some distinct advantages over cash, including the ability to recover money paid to scammers.

Los Angeles Times

PayPal Still Threatens $2500 Fines for Promoting "Discriminatory" "Intolerance" (Even if Not "Misinformation")

Yahoo! Finance (Adam Sabes) reported yesterday (as did many other sites): A new PayPal user agreement that threatens to fine users up to $2,500 if they use the service to "promote misinformation," was sent out "in error," a PayPal spokesperson tells FOX Business. The updated PayPal Acceptable Use Policy effective…

Reason

Elon Musk: ‘Aren’t you entertained?’

The Tesla chief talks to Roula Khalaf about moving to Mars, saving free speech via Twitter — and why ageing is one ‘problem’ that should not be solved

Financial Times

The Right Stuff: Conservative dating app founded by former Trump staff mocked online

The Republican dating app’s prompts include “view profiles without pronouns”, and is backed by Paypal co-founder Peter Thiel

Evening Standard

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"FIRE Statement on Free Speech and Online Payment Processors"

Seems quite sound to me; here's the introduction and some examples, but read the whole thing: The issue: Online payment processors like Venmo and PayPal often deny Americans access to these vital services based on their speech or viewpoints. The concern: When these companies appoint themselves the arbiters of what…

Reason

Nephew stole dead uncle's cryptocurrency worth £17,000 to buy gadgets

Callum Burn-Keen-Friel, 21, was given details to the cryptocurrency account by another uncle while staying at his house in Cwmcarn, Caerphilly

Wales Online

Leah McCourt shares 'creepy' messages she gets from fans

"I get loads of messages saying 'Can I pay you, can I send you money on my Paypal?"

Belfast Live

3 Fintech Stocks to Add to Your Watchlist This Fall and 1 to Avoid

The fintech industry has grown significantly over the past few years due to the pandemic-driven accelerated pace of digitization. Continued digitization of businesses and financial transactions should keep driving the industry’s growth. Thus, investors could add promising fintech stocks Visa (V), AssetMark Financial (AMK), and Regional Management (RM) to their…

StockNews.com

Irish arm of PayPal recorded over €54m profit in 2021 but still cut over 300 jobs

The 333% increase in pre-tax profits at Paypal Europe Services Ltd came ahead of a Paypal decision during the first quarter of this year to cut its Irish workforce in Dublin and Dundalk

Irish Mirror

Jacob Rees-Mogg claims PayPal indulging in ‘cancel culture’ over blocked accounts

US giant should not ‘push political opinions’, says cabinet minister after Toby Young accounts blocked

The Independent UK

2 Robinhood Stocks That Are Far From Being Safe

Robinhood (HOOD) is a securities brokerage firm that offers commission-free investing services. Stocks traded on the HOOD platform are considered highly popular. However, not all the hyped stocks traded on the HOOD platform possess fundamental strength. Hence, amid the persistent market volatility and looming recession, fundamentally weak Robinhood stocks PayPal…

StockNews.com

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Wales Online

Conmen ran fake modelling agency to get intimate images of women to sell on

Oliver Pendleton and Jason Maguire pretended to be a woman called Gemma Wright who ran a modelling agency called Shining Star

StockNews.com

Is PayPal Stock Getting Its Mojo Back?

Digital payment company PayPal (PYPL) reported approximately 10% year-over-year revenue growth in the fiscal 2022 second quarter. However, its bottom-line performance suffered significantly. Furthermore, analysts seem bearish on its earnings growth prospects due to declining user growth and the current macro headwinds. So, given PYPL’s solid top-line growth, can the…

The National (Scotland)

PayPal accused of 'gender-critical discrimination' after Toby Young accounts ban

PAYPAL has been accused of discriminating against gender-critical views after closing down a number of accounts, allegedly without providing a clear…

Newslaundry

Internet activity, PayPal transfers: UP police lay out their case against Gorakhnath attack suspect

He “wanted to establish Islam’s superiority as endorsed by the terrorist outift ISIS” because he “was influenced by the notion of global jihad” that “those who don’t believe in Islam are idol worshippers or kafirs” and so “should be killed and sent to hell”.

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Benzinga

PayPal Holdings Whale Trades Spotted

A whale with a lot of money to spend has taken a noticeably bearish stance on PayPal Holdings. Looking at options history for PayPal Holdings (NASDAQ:PYPL) we detected 19 strange trades.

Axios

It's time to talk about the LinkedIn Mafia

LinkedIn alums have founded such companies as Figma, Cameo, Confluent and Notion.

Tribune News Service

PayPal to drop Suns sponsorship if Robert Sarver remains owner

The pressure is mounting on Suns owner Robert Sarver. After receiving a one-year suspension for making racist/misogynistic remarks, PayPal says it will drop its sponsorship of the NBA franchise should Sarver remain the owner of the team.

WEKU

The NBA suspended the Suns' owner for abusive behavior. Some want him gone for good

Robert Sarver, the majority owner in Phoenix, faces increasing pressure from sponsors and members of his organization after a league investigation found he'd used racial slurs and demeaned employees.

USA Today Sports Media Group

Suns jersey sponsor PayPal wants Robert Sarver out, but booting him from NBA requires more pressure

PayPal will end its partnership with the Suns if Sarver remains involved with the team.

Sports Illustrated

PayPal Poised to End Suns Sponsorship Unless Sarver Steps Down

The company has one year remaining on its deal with the Phoenix organization.

France 24

Online payments: A headache for Ivory Coast’s e-merchants

The e-commerce market is booming in Ivory Coast, French-speaking Africa’s largest economy. Currently worth around €46 million, it’s set to grow even more in coming years alongside the population. However, e-traders face a host of systemic challenges, from high transfer fees to restrictions on global online payment platforms such as…

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