Skip to main content

Online Banking / Financial Payment System ( PayPal ) Users to Pay £2,200 as Penalty for Posting Misinformation on Social Media About the Company.







Google searches for ‘delete PayPal’ explodes after £2,200 fine warning to users.

Google searches for the phrase "delete PayPal " have skyrocketed by 1,392% after the payment giant said it would fine users $2,500 (roughly £2,261.24) for spreading misinformation.

The announcement came as part of a new policy set to come into force next month, but PayPal has since done a U-turn following the backlash.

A spokesperson for the company stated: “PayPal is not fining people for misinformation and this language was never intended to be inserted in our policy.”

PayPal had planned to introduce the new policy on November 3, according to several reports.

Shares in the company fell nearly 6% after the update.

The payment giant was planning to issue fines of $2,500
The payment giant was planning to issue fines of $2,500 ( Photothek via Getty Images)

Analysis by Financial World found that worldwide Google searches for the phrase "delete PayPal" and "cancel PayPal" saw massive spikes following the news.

A spokesperson for Financial World commented on the findings: “PayPal has received backlash from their announcement, which was quickly retracted.

“Many posts can be seen highlighting the issue that PayPal announced they could deduct $2,500 straight from your account for misinformation, with hundreds of people suggesting closing their accounts to avoid this penalty.

“Famous faces, including Elon Musk, have been in agreement that the new policy is misguided.”

While the spike in Google searches meant PayPal users were keen to cease using the service altogether, some people took to social media to voice their criticism of the new policy.

Elon Musk agreed that the new policy was misguided
Elon Musk agreed that the new policy was misguided ( NTB/AFP via Getty Images)

Paypal's former president David Marcus took to Twitter to criticise the policy.

He said: "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."

While billionaire Elon Musk - who was a co-founder of PayPal before selling his shares to eBay for $175.8 million in 2002 - said he 'agreed' with Mr Marcus.

As a result of the widespread backlash that came with the announcement, Paypal's shares fell by more than 6%.

News Source; Internet.

Comments

Post a Comment

Popular posts from this blog

More Than 100 Angry Youths Chased Maracha District Officials Out of Site Meeting Over Corruption.

📸: Some of the angry Youths displaying placards as others walked in to stop the ongoing meeting by Maracha District officials. Story by Osuta Yusuf. Maracha District. 3-February-2025. 📸: Kololo Public Seed Secondary School whose construction project has again stalled. Photo by Osuta Yusuf, Our News Reporter. The angry youths from Vurra Parish, Tara Sub-county in Maracha East constituency, Maracha District have on Monday 3-Feb-2025 chased the entire Maracha District officials out of a site meeting in Kololo Seed Secondary over allegations of corruption stemming from the stalled seed school construction project. Key Maracha District officials who went for the site meeting on Monday 3-Feb-2025 include, the Security department headed by the deputy RDC Koliba Monica Kotevu and Assistant RDC Collins Dramani, the LC5 Chairperson Hon Obitre Stephen together with his DEC Councilors, the accounting  / technical department headed by the CAO Mr Olila Patrick, the Engi...
Post a Comment
Read more

Ambassador Angualia Richard Perished in a Fatal Accident.

Story by Osuta Yusuf. Arua City. 29-7-2025. 📸: Portrait of Ambassador Angualia Richard. Courtesy Photo. Former Uganda's Ambassador to Egypt, Ambassador Angualia Louis Richard has been reported dead this evening 5pm 28-7-2025 after he was involved in a head-on collision accident with another motorcycle rider near Abi Farm, Ayivu East Constituency in Arua City. 📸: Photos from the scene of the Accident. Courtesy Photos. He met his death this evening while riding on a Bajaj Motorcycle. Amb. Angualia, who contested in 2011 for Maracha County but lost to Hon Alex Onzima Adrooa. In 2016 when two Constituencies were created in Maracha District, carving Maracha Constituency and Maracha East constituency, Ambassador Angualia contested for Maracha Constituency MP position in 2016 but lost to Hon Oguzu Lee Denis. Ambassador Angualia later shifted to contest in Maracha East Constituency but again lost to Hon Ruth Lematia Molly Ondoru during the 4-September-2020...
1 comment
Read more

Lab Student Drowned, Body Missing in Rokoze Lake in Nyadri Sub-county, Maracha District.

Maracha District.  5-December-2025. 📸: Residents gathered around the lake as they searched the missing body of the student. Photo by #Information_is_Power's news reporter.  This afternoon Friday 5-December-2025, a student from St Joseph Laboratory Training School in Maracha hospital, a one  Araku Denis drowned in Rokoze water body in Nyadri Sub-county and the  body has not been retrieved upto this night as the police and residents searched for it and in vain but they are expected to resume retrieving it tomorrow Saturday 6-December-2025. 📸: Photo of the deceased which we captured on his phone screen this night. Araku and his fellow students had  reportedly gone to pass time at water point after completing exams papers of today. Him and callagues got attracted to swimming at water body where he perished.  By press time, efforts to retrieve his body proved futile as the body remains invisible on water surface.  Rokoze water body...
Post a Comment
Read more