Mistake? The only mistake PP made was making it obvious.
(Andy Meeks – BGR) By the time the stock market closed on Monday, October 10, shares of PayPal were down a little more than 6% (while the broader NASDAQ had barely dipped at all) following the furor that erupted over the weekend stemming from reports of a PayPal account policy change.
The language spelling out that change — which PayPal walked back and said was posted “in error” — suggested that the financial services giant was giving itself the power to take $2,500 out of users’ accounts for instances of spreading “misinformation.”…
That led to an outcry on social media and, furthermore, waves of account cancellations. The admission of “error,” per a company spokesman, also may have had only a limited impact, as there remains widespread skepticism about whether what happened was, in fact, an error.
Headline source: Revolver
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