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He's a 'Strange, Strange Boy' Who Became Wildly Influential

Max Chafkin excerpts his new book on the PayPal, Palantir founder Peter Thiel

(Newser) - Peter Thiel was "a strange, strange boy," Max Chafkin quotes a former classmate as saying. After reading the piece Chafkin adapted from his new biography of the PayPal and Palantir founder for New York Magazine , some stronger adjectives and descriptions might come to mind. The excerpt zeroes in...

Now You Can 'Show Your Love, Leave a Tip' on Twitter
Twitter Introduces a 'Tip Jar'

Twitter Introduces a 'Tip Jar'

You can easily send money to certain users from their profile

(Newser) - "Show your love, leave a tip." It's now possible, Twitter announced Thursday in introducing a new test feature designed to allow you to easily send money to your favorite accounts. To use the so-called "Tip Jar" feature, available to English-speaking users of Android and iOS app...

USPS Just Had One of Its Biggest Inside Thefts Ever

It involves more than $630K worth of stamps

(Newser) - A Louisiana man who makes about $70,000 a year lost more than $650,000 gambling over the past seven years, casino records show—and federal prosecutors now say they know how he got the money to support his habit, the Times-Picayune reports. The DOJ is calling it "one...

Alex Jones Sues PayPal
Alex Jones Sues PayPal

Alex Jones Sues PayPal

Payment processing site banned Infowars last month

(Newser) - Less than two weeks after PayPal banned Infowars, Infowars founder Alex Jones is suing the digital payment platform. PayPal said that the conspiracy-peddling website violated its policies by promoting "hate" and gave it 10 days to find an alternate payment processing platform. But Jones says PayPal is just biased...

PayPal Pulling Plug on Alex Jones' InfoWars

The site has 10 days to find an alternative payment platform

(Newser) - Another day, another digital banishment for Alex Jones and InfoWars. This time, it's PayPal, which informed InfoWars of the ban on Thursday, saying the site violated "acceptable use policy" by promoting "hate," The Verge reports. Among other digital platforms that have recently banned Jones—infamous for...

She Died of Cancer With Debt, So PayPal Threatened to Sue

Company says it has rectified 'insensitive error'

(Newser) - "You are in breach of condition 15.4(c) of your agreement with PayPal Credit as we have received notice that you are deceased." That's the very real message a British man received three weeks after informing PayPal of his wife's May 31 death from cancer at...

PayPal Sues Pandora Over Logo
PayPal Sues Pandora Over Logo

PayPal Sues Pandora Over Logo

Mobile app icon is way too similar to PayPal's, company argues

(Newser) - Pandora unveiled a new logo for its mobile app in October, and PayPal is now suing over it, saying it looks too similar to the logo PayPal uses on its own mobile app, the New York Post reports. Gizmodo has a comparison of the icons—a single P for Pandora...

PayPal Sometimes Gives Your Donation to Wrong Charity: Suit

Lawsuit says if charities aren't registered, another nonprofit gets donations

(Newser) - PayPal's Giving Fund charitable platform, which says it allows people to donate directly to more than a million charities, raised more than $7 billion last year—but a new lawsuit alleges that many charities may never receive the donations intended for them. The suit alleges that in order to...

PayPal Founder Admits Plan to Kill Gawker

It's about sticking up for the little guy: Peter Thiel

(Newser) - Peter Thiel admits he spent around $10 million to fund lawsuits against Gawker in the hope of ruining the media company—and it's "one of my greater philanthropic things that I've done." But "it's less about revenge and more about specific deterrence," the...

PayPal Founder May Be Behind Legal Attack on Gawker

Peter Thiel reportedly funding Hulk Hogan's lawsuit

(Newser) - The founder of PayPal has long made clear that he hates Gawker. Now Forbes reports that Peter Thiel is using his billions to fund a potentially devastating legal fight against the media group. Specifically, the report says Thiel has been secretly funding Hulk Hogan's lawsuits against Gawker over the...

PayPal Is Spinning Off From eBay

Mobile payment service is fastest-growing segment of company

(Newser) - eBay is splitting off its fastest-growing segment, PayPal, the e-commerce company said today. Investors applauded the news, sending eBay's shares up nearly 7% in morning trading. The move comes after months of pressure from activist investor and billionaire Carl Icahn. eBay CEO John Donahoe had been adamant that splitting...

PayPal Dumps Exec After Twitter Tirade

He blames his phone for late-night tirade

(Newser) - It's one way to leave a job: PayPal's director of global strategy is no longer with the company after a late-night flood of sweary, misspelled tweets directed at fellow execs. Rocky Agrawal was at Jazz Fest in New Orleans when the stream of tweets like "People who...

Is Ex-PayPal Honcho Behind 'Tips for Jesus'?

Server says tech tycoon left him $1K tip

(Newser) - Whether or not he is the big spender behind the TipsforJesus mystery , Jack Selby can probably expect an amazing level of service next time he walks into a restaurant. The venture capitalist and former PayPal exec has been identified as the man behind the massive tips left at establishments across...

PayPal Makes Man a Quadrillionaire—by Accident
PayPal Makes Man a Quadrillionaire—by Accident

PayPal Makes Man a Quadrillionaire—by Accident

But Chris Reynolds' good fortune doesn't last long

(Newser) - It's not too often you see the word "quadrillionaire" in a headline. Actually, probably never, considering Chris Reynolds of Media, Penn., was the first man to ever be one—albeit very, very briefly. Reynolds opened his PayPal statement this month to find he had been credited $92,233,...

Anonymous Says Hackathon Hit PayPal, Lady Gaga

Symantec, NBC also allegedly hit in Guy Fawkes Day hack-a-thon

(Newser) - Anonymous is holding an all-day hackathon today, as part of a global protest commemorating Guy Fawkes Day, and it's already claimed—or says it's claimed—a number of scalps. The group says it's stolen roughly 28,000 PayPal passwords, Gizmodo reports, though PayPal is telling customers it...

PayPal Unveils Mobile Payments Service

'Paypal Here' will compete with 'Square'

(Newser) - PayPal has launched a mobile payments service that lets businesses accept credit cards using a small triangular card reader attached to an iPhone. Called PayPal Here, the service is similar to existing mobile payments services such as Square . Customers will be able to pay using credit cards, their PayPal accounts,...

PayPal Exec Killed on Train Tracks

No details yet in Eric Salvatierra's death

(Newser) - Eric Salvatierra, a 39-year-old PayPal executive, was killed on Caltrain tracks in California Friday morning. The married father of three was struck on the northbound tracks, and his death remains under investigation. "All I know is he had his bike," Salvatierra's uncle tells the San Jose Mercury ...

PayPal Tells Publishers to Pull 'Obscene' E-Books

Remove controversial titles or else, booksellers told

(Newser) - PayPal is overstepping the bounds of its role as a payment processor by trying to ban e-books it deems obscene, publishers and free speech groups complain. At least three online publishers and booksellers received emails warning them that their accounts will be "limited" unless they pull titles "containing...

PayPal Founder Gives $1.7M to Ron Paul

Or more specifically, to Ron Paul's super PAC

(Newser) - PayPal co-founder Peter Thiel knows a thing or two about sending money, and last month he sent $1.7 million worth of it to "Endorse Liberty," a super PAC backing Ron Paul, according to documents released today. Thiel is a long avowed Paul fan, and is so far...

Yahoo Hires PayPal Prez as CEO

Scott Thompson will slide into hole left by the fired Carol Bartz

(Newser) - Yahoo fired Carol Bartz over the phone —no word on whether it made the offer to its new CEO in the same manner. PayPal President Scott Thompson has been selected to take the reins of the troubled Internet company, which has been without a permanent CEO since Bartz was...

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