this post was submitted on 11 Feb 2025
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what did PayPal do?
It's an early specimen of "unregulated bank", founded in part by Trump buddy Peter Thiel and merged with Elon Musk's X.com in 2000.
They have a history of locking accounts under false pretenses and seizing the money. It's screwed over many a Kickstarter and Indiegogo. Early in Minecraft history, Notch lost access to over half a million dollars. They've failed to pay rewards in their software bug bounty program.
Edit: The usual antics for Musk and friends for 20 years.
Also, I checked my records. I'm biased (a word that the current US administration is erasing from all government documents) because of an early Amazon third-party seller plus PayPal experience; the item I was sent was wrong and 5% of the value of what I ordered. Returned sealed cheap item, seller wouldn't refund. PayPal ruled in the seller's favor and Amazon did not care because of third-party seller terms and conditions. A young person out a few hundred bucks doesn't forget that.
Braintree, Honey, Paydiant, Tradera, Xoom, and Zettle all owned by PayPal.
Not the modern X.com to be clear; Musk just has a weird fetish for the letter X like an edgy teenager.
Now you got me started on X... 😂 While true, Musk is no fool and bought such a simple and recognizable domain back from PayPal in 2017 for an undisclosed amount.
He's a successful businessman, no doubt. Problem is that billionaires are pulling up the ladders behind them as wealth inequality is increasing (power is concentrating).
Twitter was well-known to be infested with bots when Musk purchased it. Turns out, that made it more valuable to someone rich who wants to sway elections...
Shop local, use smaller local services (credit unions), drop services owned by or purchased by billionaires (Too busy ranting and I haven't actually read this article yet 🤣)
Decentralization, power to the people and not just the few, as the founding fathers intended. To our European viewers... He's coming. (You know who. Not talking about Jesus who the churches have replaced with culture war nonsense.)
right. I just thought they'd made the news today or something.
Nah. News... Uh, in an adjacent saga, billionaire Kanye West is selling swastika t-shirts. So that's where we're at with these people...
Oh boy... Look up peter thiel, elon musk and david sacks to start - three stains on humanity working very actively to end it as we speak. They were the basin founding faces of PayPal (I mean, I think musk came on after the fact or was pushed out early or something, continuing the trend of him never actually creating anything). Currently they are alll very active in the trump admin - two with officially appointed positions, one in the shadows. Vance is also created by thiel. Look up that "Dark Gothic maga" video (musk's stupid name) that's been shared often recently.
Then separately, PayPal owns Honey, and it turns out has been scamming millions, maybe billions away from online creators for years, probably some of your favorites included in that list. Active lawsuit ongoing - look up legal eagle's video maybe as a start.
All these billionaire fucks made their fortunes through Paypal and still likely hold stock and maybe board positions, can't recall?
Hear, hear. It fucking sucks that we created these monsters. At least I did, for simply wanting to use eBay.