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PayPal

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Updated Aug 16, 2020 at 09:03AM EDT by shevyrolet.

Added Nov 12, 2018 at 12:29PM EST by Don.

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About

PayPal is an online money transfer and worldwide online payment system which processes financial transactions for online marketplaces, auction sites and various other platforms.

History

In December 1998, the security software company Confinity was launched by Max Levchin, Peter Thiel, Luke Nosek and Ken Howery. The following year, PayPal was launched as a money exchange service for Confinity. In March 2000, Confinity merged with Elon Musk's online banking company X.com. In 2002, PayPal became public with an IPO listed at $13 per share, generating $61 million for the company that day.[1] In July of that year, PayPal was acquired by eBay for approximately $1.5 billion. In September 2014, eBay announced PayPal would be separated into its own public company.

Controversies

Operation Avenge Assange

Beginning in December 2011, Amazon took down their hosting of the WikiLeaks servers less than a day after being contacted by the office of Senator Joe Lieberman and was then followed by PayPal, Visa, Mastercard and MasterCard. In retaliation, Operation Avenge Assange was launched, which called for a DDoS of PayPal. In July, 14 individuals, known collectively as the "PayPal 14", were charged with attempting to disrupt PayPal's operations as part of the campaign. In December the following year, 13 of PayPal 14 plead guilty to various charges related to the operation.


Operation Avenge Assange The first serious infowar is now engaged The field of battle is WikiLeaks. You are the troops." John Perry Barlow Julian Assange deifies everything we hold dear. He despises and fights censorship constantly. is possibly the most successful international troll of all time, and doesn't afraid of f------ anything (not even the US government). Now. Julian is the prime focus of a global manhunt, in both the physical and virtual realms. Governments across the world are baying for his blood. policians are up in arms about his recent leak, and even his own country has abandoned him to the wolves. Online, WikiLeaks is a focus of mass DDoS attacks, legislation and downright pandering to the corrupt incumbents which would silence this man. Therefore. Anonymous has a chance to kick back for Julian. We have a chance to fight the oppressive future which looms ahead. We have a chance to fight in the first infowar ever fought 1. Paypa is the enemy. DDoS'es will be planned, but in the meantime, boycott everything. Encourage friends and family to do so as well. 2. Spread the current leaked cables as much as possible. Save them to hard drives, distribute them on CD's, mirror them to websites and seed them on torrents. The end goal is a human DNS-something that can only be stopped by shutting off the entire internet. 3. Upvote Julian on the Times 2010 Person of the Year While this might not aid his cause. it will get him much needed public exposure. (http://tinyurl.com/2wb7ju8) 4. Get vocal! Twitter, Myspace, Facebook and other social networking sites are critical hubs of information distribution. Make sure everyone you know is aware of what is happening. If you can convince just one person to tell one other person every day. the spread of info will be exponential. 5. If you're up for it, print out cables which are relevant to your area and distribute them. Post them on bus stops. train stations, street lamps. Be creative and catch people's attention. Using graffiti to spread the WikiLeaks website is also a great idea. 6. Complain to your local MP. mayor. or whichever political figure you can contact. Ask him for comments about the leaks. Record every word that is said 7. Protest! Organise community marches. send around petitions. get active. This cannot happen without numbers. TL:DR Protest. Inform Enquire Fight The future of the internet hangs in the balance We are Anonymous We do not forgive: we do not forget Expect Us

2018 Proud Boys and Antifa Ban

On November 9th, 2018, BuzzFeed News reporter Blake Montgomery tweeted that PayPal would be cancelling accounts associated with Gavin McInnes, the Proud Boys movement and various Antifa groups (shown below).


Blake Montgomery @blakersdozen PayPal is cancelling the accounts of the Proud Boys, Gavin Mclnnes, Atlanta Antifa, Antifa Sacramento, and the Anti- Fascist Network today, according to a source familiar w the matter.

That day, The Verge published a statement from a PayPal spokesperson addressing the account bannings:

"Striking the necessary balance between upholding free expression and open dialogue and protecting principles of tolerance, diversity and respect for all people is a challenge that many companies are grappling with today. We work hard to achieve the right balance and to ensure that our decisions are values-driven and not political. We carefully review accounts and take action as appropriate. We do not allow PayPal services to be used to promote hate, violence, or other forms of intolerance that is discriminatory."

Search Interest

External References

[1] ECommerceTimes – PayPal IPO Off to Spectacular Start

[2]

[3]

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Peter Thiel, looking pensive.

Peter Thiel

     

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