this post was submitted on 29 May 2024
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So happy I deleted my account with them 5 years ago after going throught their laughably bad customer protection (the only reason I had them to begin with, I had figured it was a good idea to have a buffer between merchants and my CC)
In the end, it was perfect because, as they refused to help, I went straight to the credit card to reverse the fraudulent charge and closed all accounts with PayPal... Then I get a whiny email from them when the CC took the funds and left them holding the bag... Sweet minor victory
PayPal. All the authority of a bank. None of the responsibility.
I feel like this could be used to describe any tech company that "innovates" or "disrupts" an area.
Correct... In late stage capitalism "innovation" means breaking some laws (Air B&B, Uber), smoke and mirrors (AI) or outright scams (Theranos)
This is why all these new "innovations" need to flood the market as hard and fast as possible.... Before anyone notices what they really are
Throw enough investor money at lawyers and anything is legal for an amount of time.
"Oh, I'm sowwy, did we bweak the law? Well here's 5,000 boxes of paper that say we didn't, see you in 18 months."
Exactly right
The difference between selling your data and selling ads, is that only you can use your data. This is PayPal building a moat around its user private data so only they can use it.