SAN JOSE, CALIFORNIA–Immediately after implementing a new rule to fine users $2,500 for misinformation and then saying it was a mistake, PayPal decided to fine themselves $2,500 for breaking one of their own rules, saying it would only be fair to admit that the financial company is also a spreader of fake news.
In a statement they posted to Twitter, PayPal admitted that they spread misinformation after unveiling and then retracting their new terms of service where customers would be fined for sharing misinformation.
PayPal admitted they fined themselves because they didn’t want to be seen as hypocrites, not because millions of customers had cancelled their accounts over the draconian policy.
“In light of the recent misinformation spread by us, PayPal has decided to fine PayPal $2,500,” wrote PayPal in the statement. “We’re like, totally sorry we said we were going to steal lots of money out of our customer’s accounts because they said stuff we don’t agree with.”
PayPal said their independent, anonymous fact checkers deemed that PayPal was guilty of propagating a major disinformation campaign to spread hateful content.
After PayPal fined PayPal $2,500 for spreading misinformation, an angry PayPal tried closing its PayPal account only to find that PayPal had already terminated PayPal’s account before PayPal got a chance to delete their PayPal account.
