PayPal (PYPL): Consumer Outrage With Their Terms Of Use

PayPal (PYPL) stock price is down over 55% year-to-date. “Just 2 weeks ago, PayPal comes out with a $2,500 fine for spreading ‘misinformation’ according to their terms of use. The world response was insurmountable and the fintech company had to retract and apologize. Earlier this week, customers are still seeing this fine in PayPal’s terms of service. Consumer happiness social media mentions plummeted following this PR disaster. Now, PayPal (PYPL) is lagging in this category as Shopify (SHOP) and Block (SQ) are taking lead. The Google Search term of ‘PayPal alternative’ has increased recently,” says LikeFolio’s Andy Swan. Tom White and Kevin Hincks weigh in on the polarizing PayPal’s views of free speech.