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

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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.

But before, the firm had expanded its policy to prohibit “the sending, posting, or publication of any messages, content, or materials” that “promote misinformation” or “present a risk to user safety or wellbeing.”

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