PayPal ends 'business relationship' with Alex Jones' Infowars
PayPal Holdings Inc. said Friday that it was terminating its "business relationship with Infowars and its related websites." In a blog post, PayPal said that after reviewing the Infowars sites, it "found instances that promoted hate and discriminatory intolerance against certain communities and religions." The company said it is "working constantly to ensure that PayPal is not used by anyone as a platform for perpetuating hate and discriminatory intolerance" but understands that its decision will be seen as "controversial to some." PayPal shares are up 0.2% in Friday afternoon trading. The stock has gained 40% over the past 12 months, while the S&P 500 has gained 17%.
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