Mr Marsh Tacky

I wonder what could have caused this? 🤔

“PayPal Plummets After ‘Slower-Than-Expected’ Finish to Year” https://www.bloomberg.com/news/articles/2022-02-01/paypal-volume-takes-hit-after-users-return-to-in-store-shopping

#PayPal now believes it will add just 15 million to 20 million net new active accounts this year, a significant slowdown from the 49 million it added in 2021. Going forward, the company vowed to focus marketing efforts on encouraging existing users to become even more active.

It’s a mystery. 🤷‍♂️

🤡

“Forget using PayPal if your views run afoul of this left-wing group” - July 29, 2021

https://nypost.com/2021/07/29/forget-using-paypal-if-your-views-run-afoul-of-this-left-wing-group/

#wokecapitalism .

PayPal Plummets After ‘Slower-Than-Expected’ Finish to Year

PayPal Holdings Inc. plummeted after saying growth in spending on its platform continued to slow during the fourth quarter as economies around the world reopened and consumers flocked to in-store shopping.

Bloomberg
Feb 2, 2022 at 2:22pmWeb
Show threadMr Marsh TackyFeb 2, 2022
@CONSERVATARIAN
@zonz @cully45 @Exodus

lol, so now they are acknowledging they lost customers who didn't like them partnering with the ADL to essentially shut down any group it labels “extremist”, but to save face and gaslight everyone, they are framing it as "bad actors" that PayPal removed willingly

#bagdadbob

https://www.msn.com/en-us/money/other/paypal-gets-stung-by-bad-actors-shuts-4-5-million-accounts/ar-AATpbk3

“We regularly assess our active account base to ensure the accounts are legitimate,” Chief Financial Officer John Rainey said

PayPal Holdings Inc. said it closed 4.5 million accounts and lowered its forecast for new customers after finding “bad actors” were taking advantage of its incentives and rewards programs.
PayPal Gets Stung by ‘Bad Actors,’ Shuts 4.5 Million Accounts

(Bloomberg) -- PayPal Holdings Inc. said it closed 4.5 million accounts and lowered its forecast for new customers after finding “bad actors” were taking advantage of its incentives and rewards programs. Shares of the company fell by the most on record.