After a severe backlash, investors will turn their attention back to PayPal's business and upcoming earnings report.
Plus, the company did well to respond quickly to kill the misperception by issuing a correction before it snowballed out of control. PayPal shares have fallen much harder than the Nasdaq Composite's 33% decline year to date. As the broader market started to rally in the early afternoon, PayPal was following suit. The company issued a correction that it is not fining users for misinformation and never intended to do so. But the stock sell-off today seems to reflect the broader market performance than anything company specific. [PYPL](/quote/nasdaq/pypl/) -6.27%) were down 6% as of 1:19 p.m.
PayPal Holdings Inc (NASDAQ: PYPL) shares are trading lower Monday following reports the company could charge users $2500 for spreading misinformation.
[why it's moving](https://www.benzinga.com/taxonomy/term/768599) [Movers](https://www.benzinga.com/taxonomy/term/24) [Trading Ideas](https://www.benzinga.com/taxonomy/term/22) [said](https://www.benzinga.com/news/22/10/29196094/as-elon-musk-former-executives-slam-paypal-for-a-plan-to-charge-customers-2-500-the-payment-platform). We're sorry for the confusion this has caused," a PayPal spokesperson [PayPal Says Plan To Charge Customers $2,500 For Misinformation Was An 'Error'; Elon Musk, Former Executives Slam Company](https://www.benzinga.com/news/22/10/29196094/as-elon-musk-former-executives-slam-paypal-for-a-plan-to-charge-customers-2-500-the-payment-platform) [outrage](https://www.benzinga.com/news/22/10/29196094/as-elon-musk-former-executives-slam-paypal-for-a-plan-to-charge-customers-2-500-the-payment-platform) from the [FinTwit ](https://www.benzinga.com/topic/fintwit)community, PayPal said the policy change was an error. PayPal is not fining people for misinformation and this language was never intended to be inserted in our policy.
By Will Feuer Shares of PayPal Holdings Inc. fell almost 6% in midday trading after the payments company said that apparent plans for a misinformation ...
Musk said on Twitter, "Agreed," in response to Mr. We're sorry for the confusion this has caused." "An AUP notice for the U.S.
PYPL stock is retreating after the company posted a potential, new rule that angered many individuals. PayPal apologized for the incident.
On the date of publication, Larry Ramer did not hold (either directly or indirectly) any positions in the securities mentioned in this article. Shares now have a forward price-earnings (P/E) ratio of 19.4. [one of three possible “fallen angels.”](https://seekingalpha.com/news/3889680-look-for-fallen-angels-in-volatile-trading-like-paypal-and-uber-dclas-sarat-sethi) Sethi defines these as stocks that should perform well long-term but have declined sharply in 2022 because of market weakness or transitory situations. [PYPL](https://investorplace.com/stock-quotes/pypl-stock-quote/)) stock is sinking about 5% in early trading and trending on social media today. PayPal’s hypothetical new rule was posted as part of an updated “Acceptable Use Policy” (AUP) released by the company. Two other names that may be in the same category are Uber (NYSE: [UBER](https://investorplace.com/stock-quotes/uber-stock-quote/)) and Constellation Brands (NYSE: [STZ](https://investorplace.com/stock-quotes/stz-stock-quote/)), according to the analyst.
PayPal Holdings Inc has no intention of fining customers for spreading "misinformation", Bloomberg News reported on Monday, citing a statement from the ...
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PayPal stock is lower on Monday due to a policy error that was accidentally leaked. Here's the support level to watch.
That is the 61.8% retracement of the current rally from the June low. If we see the latter — $67.50 to $70 — then PayPal stock could make new lows on the year. It’s also where the covid low of $82.07 comes into play. If we revisit this zone — call it $80 to $82 because there is a gap-fill at $80.22 from late July — then the bulls will really want to see PayPal stock find support. But if PayPal stock continues to pull back, we could be looking at a test of $81 to $82. If it buoys the stock — and if the overall market can find its footing — the bulls could be looking at a rebound back toward the gap-fill around $90 and the 10-day
Yahoo Finance Live anchors discuss stock performance for PayPal as well as why the financial tech company is backtracking on its misinformation policy.
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PayPal Holdings, Inc (NASDAQ: PYPL) gapped down and lost 6.27% in Monday's session after the financial technology company walked back a change it published ...
If that happens, PayPal will print another lower low, which will confirm the downtrend is intact. If that occurs, the downtrend will be negated. On Monday, PayPal held slightly above the most recent lower high, and if the stock can bounce on Tuesday, a bullish double bottom pattern near $84 may print. 6 at $95.57 and the most recent confirmed lower low printed at the $84.13 mark on Sept. 16, with the most recent lower high formed on Oct. We're sorry for the confusion this has caused," a PayPal spokesperson said. - If PayPal bounces up to close the trading session with a lower wick, the stock will print a hammer candlestick on the daily chart, which could indicate a bounce will come on Tuesday. The PayPal Chart: PayPal has been trading in a fairly consistent downtrend since Aug. - If PayPal closes the trading day near its low-of-day price, the stock will print a bearish kicker Our teams are working to correct our policy pages. [widespread condemnation](https://www.benzinga.com/news/22/10/29196094/as-elon-musk-former-executives-slam-paypal-for-a-plan-to-charge-customers-2-500-the-payment-platform), including from former PayPal president David Marcus, who called the company’s new policy “insanity.” [lost 6.27% in Monday's session ](https://www.benzinga.com/trading-ideas/movers/22/10/29201537/why-paypal-stock-is-tumbling-today)after the financial technology company walked back a change it published to its acceptable use policy (AUP), which would have allowed PayPal to debit users $2,500 for spreading “misinformation.”
Shares of the online payments system operator were trading 5.74 percent lower at $84.99 as of noon on Monday. On Sunday, it was reported that PayPal changed the ...
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