News - subcat

AI takes its toll on Big Tech
Published in AI
Monday, 12 February 2024 10:41

AI takes its toll on Big Tech


Tech giants axe 34,000 jobs

Major tech firms such as Microsoft, Alphabet, PayPal, and eBay have sacked 34,000 workers since the start of 2024 to focus on artificial intelligence (AI), the Financial Times revealed.

Paypal lets go of 2000 employees
Published in News
Wednesday, 01 February 2023 11:35

Paypal lets go of 2000 employees


Seven per cent of its workforce

Online payment outfit PayPal has announced that it is laying off 2,000 employees in the forthcoming weeks.

German's investigate Paypal over cartel claims
Published in News


We ask the questions

Germany's cartel office regulator has started an investigation against payment outfit PayPal over the possibility that it hindered competition.

PayPal backs down free speech fine
Published in News
Monday, 10 October 2022 11:29

PayPal backs down free speech fine


Claims it was all a terrible mistake

PayPal has backed down on a controversial change to its terms and conditions which would have fined users $2,500 if they advance purported “misinformation” or present risks to user “wellbeing.”

Russian IT workers find themselves sanctioned
Published in News


Happens when your workers are modern internationalists but your politicians are old fashioned imperialists

Thanks to the internet modern Russian IT workers have been making a rather good living working online for European and US IT companies, but now that has come crashing to a halt.

PayPal first to have all of Chinese payment platform
Published in News


Eyes booming market for online payments

PayPal become the first foreign operator with total control of a payment platform in China, according to Chinese government data.

PayPal allows buying, holding and selling cryptocurrencies
Published in News


Teams up with Paxos

PayPal has partnered with cryptocurrency company Paxos to launch a new service. PayPal users in the US will soon be able to buy, hold and sell cryptocurrencies.

Paypal didn't fix a bug which could drain users accounts
Published in News


CyberNews found six bugs

Cybersecurity analysts at CyberNews have blasted PayPal failing to fix major vulnerabilities that allow hackers to quickly drain users’ bank accounts.

Paypal’s Peter Thiel gives up on Donald Trump
Published in News


Incompetent and headed towards a disaster

Friend to the free press, Peter Thiel, was one of the few Silicon Valley supporters of President Trump but now is doing his best to distance himself from the Prince of Orange.

Facebook announces PayPal integration in Messenger
Published in News

192 million PayPal users can pay using messaging app

Facebook has announced that PayPal will become one of the payment options within its Messenger service.