Link is a tweet from Ukraine’s vice prime minister Mykhailo Fedorov. It contains a letter from PayPal CEO Dan Schulman, confirming the company’s decision to shut down its operations in Russia.
Read the replies to see the affect that moves like this has on the working class. This is the first time in recent memory I have noticed America actively weaponizing its private/public partnerships in mass against another nation state to inflict harm at this kind of scale. Does anyone know if they pulled similar moves with private companies in Syria and Afghanistan?
This is going to have massive implications for American tech companies. They will likely not be getting back many of these users.
Relevant blurb:
Payments company PayPal Holdings Inc (PYPL.O) shut down its services early on Saturday in Russia, citing "the current circumstances," joining many financial and tech companies in suspending operations there after the invasion of Ukraine.
"Under the current circumstances, we are suspending PayPal services in Russia," President and Chief Executive Dan Schulman said in a statement. He added that the company "stands with the international community in condemning Russia's violent military aggression in Ukraine."
:xi:
Clarified. Apparently a little too hungover.