PayPal backtracks on 'misinformation' fine

PayPal found out over the weekend that mixing politics and business could be bad for business.

The financial tech payment platform, which is based in San Jose, California, said a policy that would deduct $2,500 from accounts of users who spread "misinformation" was released "in error" and would not go into effect.

The company faced a torrent of social media criticism after the policy was published on Friday.