The stock closed down another 6.27% at $84.52, considerably below the 52-week high of $273.51.
From the legal eagles at The Volokh Conspiracy, October 9:
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 Nov. 3 included an expansion of "prohibited activities," which includes the "ending, posting, or publication of messages, content, or materials that meet certain criteria."
According to the updated PayPal user agreement, the company states that each violation could result in "liquidated damages of $2,500.00" per violation, which would be withdrawn directly from their account.
One of the violations listed, according to the agreement, is that … "[users] may not use the PayPal service for activities that … involve the sending, posting, or publication of any messages, content, or materials that, in PayPal's sole discretion … promote misinformation."
But it appears that the policy continues to be in effect for other speech....
....MUCH MORE
I commented on the author of this piece in a January 2022 post:Do You Have A Right To Defy Criminal Demands?
From UCLA Professor of Law Eugene Volokh,*
From his UCLA faculty profile:
Volokh worked for 12 years as a computer programmer. He graduated from UCLA with a B.S. in math-computer science at age 15....
