PayPal (NASDAQ:PYPL), an online payment network, has changed its mind about a controversial policy that could have led to users being fined $2,500 for spreading “misinformation.” PayPal says the policy update was published “in error.”
The now-retracted misinformation clause in PayPal’s Acceptable Use Policy (AUP) was set to go into effect on Nov. 3. It would have added “sending, posting, or publishing any messages, content, or materials” that “promotes misinformation” to the list of things that aren’t allowed.