Lack of funding can starve any person, group or company. That’s why values-based denials of service by online payment processors are a serious threat to free speech and civil society.

Silicon Valley’s Paypal is a powerhouse with more than 429 million users and more than $25.3 billion in revenue in 2021. Although the company has claimed it values "diversity and inclusion” and democratizes payments for “all citizens,” liberal Paypal axes 10 to 100 accounts monthly according to a February 2019 interview between company CEO Daniel Schulman and the Wall Street Journal.

Paypal has often portrayed this as a deplatforming of undesirables — racists, white nationalists and left-wing, anti-fascists — for societal good. But Paypal has also purged conservatives under the guise of stopping “hate speech.” In 2018 and 2019, Paypal wielded the power of the purse against the free-speech platform Gab, groups including ACT! for America, as well as personalities including provocateur Laura Loomer and Gavin McInnes. In 2011, it banned firearms sales and transactions and applied the ban to the Silah Report in 2020 even though it researches firearms and does not sell them.

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