PayPal co-founders fund pro-Paul Super PAC

[Ichingcarpenter]

WASHINGTON | Tue Jan 31, 2012 12:37pm EST
(Reuters) - Co-founders of online U.S. payment service PayPal, now owned by eBay Inc, donated to the Super PAC funding group supporting Republican presidential candidate Ron Paul, the group Endorse Liberty disclosed on Tuesday.
PayPal co-founders Peter Thiel and Luke Nosek and Scott Banister, an early adviser and board member, put their support behind the Endorse Liberty Super PAC, alongside Internet advertising veteran Stephen Oskoui and entrepreneur Jeffrey Harmon, who founded Endorse Liberty in November.

Texas congressman Ron Paul, a libertarian, has been an unconventional candidate for the 2012 Republican presidential nomination, advocating an isolationist brand of foreign policy and a $1 trillion cut in the U.S. government's budget.

"Too often in this country we learn things the hard way ... With its unsustainable deficits, government spending is heading down the same path. Men and women who want freedom and growth should take action. A good place to start is voting for Ron Paul," Thiel said in a statement.

Thiel, a libertarian activist whose $1.5 billion in wealth ranked him 833 on the Forbes top billionaires list last year, became the first outside investor in social networking service Facebook in 2004.

http://www.reuters.com/article/2012/01/31/us-usa-campaign-spending-paul-idUSTRE80U1OF20120131



U.S. District Judge Jeremy Fogel of San Jose refused to dismiss a lawsuit that seeks class-action status on behalf of thousands of PayPal customers nationwide. A common allegation is that the company brushes off or stalls customer grievances for months and meanwhile freezes the customer's account and pockets the interest (So that's how they make their money!). No wonder they freeze so many accounts!


PayPal cuts funds for wikileaks:

http://www.telegraph.co.uk/news/worldnews/wikileaks/8181140/Paypal-cuts-off-donations-to-WikiLeaks.html


No wonder I don't like PayPal

[MADem]

1. I don't like it either--never have. Won't use it.

Idiots!

[koolkake]

2. heh

Remember, Thiel is the one that threw half a million into the Seasteading Institute, the libertarian utopian paradise that will likely never exist.

[Ichingcarpenter]

4. Yes....Rapture, the failed Utopia of BioShock

but for real.....

The idea is essentially the same as Andrew Ryans’: Get a bunch of Libertarians together and create a Utopia outside the reaches of government. Only then will humanity flourish!

BTW ... Bioshock was a great game and a nightmare.

[Zalatix]

3. Lots of people have no way out of PayPal

A LOT of online jobs pay their workers exclusively through PayPal.

No PayPal, no paycheck. Argh.

[MisterP]

5. gunning for fifth place after the Huntsman write-ins, eh?