Morning Wire PayPal Backtracks On New Policy | 10.11.22
Oct 11, 2022
PayPal faces intense backlash after unveiling a controversial policy to fine users for misinformation, leading to a swift retraction. The implications for free speech and stock drops are discussed. The podcast also highlights Kari Lake, a gubernatorial candidate in Arizona, examining her provocative political views and campaign strategies. Meanwhile, the LAPD grapples with recruitment challenges as rising crime rates push for innovative solutions, including rent subsidies to attract new officers.
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PayPal's Misinformation Policy Backlash
- PayPal's proposed misinformation fine caused a user and investor backlash.
- This resulted in a stock drop and public disapproval from figures like David Marcus and Elon Musk.
Kari Lake's Gubernatorial Run
- Kari Lake, a former news anchor, is running for Arizona governor.
- Her platform includes strong immigration stances and skepticism about the 2020 election.
LAPD Housing Incentives
- Los Angeles is offering rent subsidies to new police officers.
- This incentive combats the rising cost of living and police shortages.