Anonymous calls to boycott PayPal - stock drops ~3%

It appears that Hactivist group Anonymous have changed their ways of doing things and have now began to boycott PayPal.

The group has called for its supporters to deactivate their PayPal accounts in protest of the prosecution of several suspected members of Anonymous that are accused of partaking in the DDOS attacks against PayPal last year. Mercedes Haefer and 13 others are facing up to 15 years in jail and a large fine if they are prosecuted.

Operation PayPal is already underway and already Anonymous has reported that tens of thousands of accounts have already been deactivated. Not surprisingly, WikiLeaks has supported Anonymous’s cause and have published information about the boycott and ways to participate on their official Facebook and Twitter page. WikiLeaks had their PayPal account closed last year when the organizations fame grew; this led to a large DDOS attack on the website – effectively bringing it down.

The boycott can be linked with a stock crash of their parent company Ebay which has already dropped ~3%. It’s expected that it will fall even more as more and more people follow the actions of others and deactivate their accounts.

In a statement Anonymous said:

“Many of the already-apprehended Anons are being charged with taking part in DDoS attacks against corrupt and greedy organizations, such as PayPal.

What the FBI needs to learn is that there is a vast difference between adding one's voice to a chorus and digital sit-in with Low Orbit Ion Cannon, and controlling a large botnet of infected computers. And yet both of these are punishable with exactly the same fine and sentence.”

The group then goes on to say “Quite simply, we, the people, are disgusted with these injustices. We will not sit down and let ourselves be trampled upon by any corporation or government. We are not scared of you, and that is something for you to be scared of. We are not the terrorists here: you are.”

Due to PayPal still withholding funds that belong to WikiLeaks, it is not surprising that the organization would support Anonymous’s cause and operation. What has become clear is that Anonymous has made a real impact on PayPal and we may see future boycotts on companies as it's clear they make more of an impact than an organized DDOS.

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So they want people to boycott Paypal because some of their members are prosecuted for committing an illegal deed against Paypal? Sounds logical.

Hey! Let's all boycott banks because of all the people prosecuted for bank-robberies!

Who supports these morons anyway?

Only thing Anon' can 'expect' from me is derision. I'm not boycotting paypal because some members got caught...nature of what they do...their lulz boat..they can sail the high winds alone!!!!

EBAY found some resistance that has been there since April/May and it's deflating a little... A stock crash cause of Anonymous? LOL!

http://stockcharts.com/h-sc/ui...amp;g=0&id=p24087557963

Just look at the 50-day average, it's inflated past a safe long-position and it also hit past resistance, only one thing can most likely happen: Pullback...

Plus the size of today's session candle is no different and even smaller than previous sessions which obviously means a 3% is really nothing to worry about on a volatile stock such as EBAY

C'mon this is Neowin.net now not MarkeWatch lol

Neowin needs to stay away from analyzing stocks... this is the second article in recent memory (HTC was the other) that talks about a "MASSIVE STOCK CRASH" (3% drop) due to something that had little or no impact on the stock.

no-sweat said,
Neowin needs to stay away from analyzing stocks... this is the second article in recent memory (HTC was the other) that talks about a "MASSIVE STOCK CRASH" (3% drop) due to something that had little or no impact on the stock.

Doesn't seem like the author has come to this conclusion on his own, looks like brainwashing from Anonymous, obviously author of this article are connected to that criminal group.

The stock market has too many fluctuations to come to the conclusion that Anon did that I doubt that these "supporters" who deactivated their accounts did online shopping or conducted any business, probably had used a few times for ordering some cheap s*it from ebay.

"Not surprisingly, WikiLeaks has supported Anonymous's cause and have published information about the boycott and ways to participate on their official Facebook and Twitter page." on the contrary. Wikileaks prior have tried to distance themselves from anon due to them hacking.

Howard Stern (DJ & talk show host)... He always said if you don't like what I say or what I do; Don't tell my boss, tell my sponsors... Money dictates everything.

If you tell a sponsor you won't use their product because of a person, or actions the CEO's will listen when the accountants starting writing in red ink.

WarioTBH said,
Never had a problem with paypal myself in my 7 years of using it.

I had a problem for about 2-3 years. I had a previous account open, but the credit card/debit card attached to it had expired, and i no longer had the email address on file (I was in the military). When I came home I tried to get paypal to reset my account, but they wouldn't, so I tried creating a new one, but it wouldn't allow me for the longest time because it said I already had one. Just recently I guess it got deleted because I was finally able to set up a new account, but it was a pain in the ass.

Their implication is that people participating in a DDoS should not be held liable for the problems and crime, even when they do it willingly, and intentionally?

I am not a fan of PayPal even in the slightest (I think it's ridiculous that they take close to 10% on top of eBay doing the exact same). But, if you intentionally participate in a DDoS, then you deserve to face the consequences.

pickypg said,
Their implication is that people participating in a DDoS should not be held liable for the problems and crime, even when they do it willingly, and intentionally?

I am not a fan of PayPal even in the slightest (I think it's ridiculous that they take close to 10% on top of eBay doing the exact same). But, if you intentionally participate in a DDoS, then you deserve to face the consequences.

Exactly. Boycotting because someone got arrested is moronic and shouldn't even need to be reported in the news. These idiots can go look for attention somewhere else.

I bet people close their accounts every day. Stock price has little if anything to do with people closing their accounts.

Salty Wagyu said,
I would close my Paypal but I'm dependant on it to sell on eBay.

nochex.com allpay.net both are super alternatives for the uk, and you can even pay va 'top up' with allpay at paypoints just like a mobile phone top up. or do one off payments via debt cards etc like paypal checkouts.

Just because ebay try and link your accounts together, doesn't mean you have to use them.

I'm sure there are a multitude of alternatives to paypal outside of the UK as well.

sagum said,

nochex.com allpay.net both are super alternatives for the uk, and you can even pay va 'top up' with allpay at paypoints just like a mobile phone top up. or do one off payments via debt cards etc like paypal checkouts.

Just because ebay try and link your accounts together, doesn't mean you have to use them.

I'm sure there are a multitude of alternatives to paypal outside of the UK as well.

In order to force buyer register on any not so popular payment system you would need to sell really something unique or a bargain on ebay.....

jackkk1 said,

In order to force buyer register on any not so popular payment system you would need to sell really something unique or a bargain on ebay.....

Both nochex and allpay.net do not require an account to make a payment to someone who already has an account. Just like you don't need a paypal account to make a payment to someone.

Its people like yourself who are trapped by paypal because you think its the only way, and don't want to see the alternatives.

For the UK, Allpay.net bills/invoices can be paid at a paypoint terminal, pretty much every newsagent, supermarket and postoffice offer these for at least pre-payment of gas, electric and mobile phone topups as well most direct debt services.

Love how they assume its them. Coincidence is a helluva thing... oh wait it doesnt exist.

Maybe got something to do with US governments finance issues?

Also how are Anon able to know how many active accounts paypal has?

Colicab said,
Love how they assume its them. Coincidence is a helluva thing... oh wait it doesnt exist.

Maybe got something to do with US governments finance issues?

Also how are Anon able to know how many active accounts paypal has?

It is not coincidence...they are smart enough to have seen an already bad day and played on it.

PayPal surely has somewhere in the ten or hundred million accounts probably. 10,000 accounts won't make a big impact at all. Plus, there's no way of proving that 10,000 ppl even closed their account. Anon could be mostly talk.

But anyways, the boycott is retarded. It's like saying, "I robbed that store and their security camera caught my face. Everyone, please boycott that store, we'll teach them"

Only idiots would follow this cult.

andrewbares said,
PayPal surely has somewhere in the ten or hundred million accounts probably. 10,000 accounts won't make a big impact at all. Plus, there's no way of proving that 10,000 ppl even closed their account. Anon could be mostly talk.

But anyways, the boycott is retarded. It's like saying, "I robbed that store and their security camera caught my face. Everyone, please boycott that store, we'll teach them"

Only idiots would follow this cult.


That attitude is the reason why corporations have such a stranglehold on the individual consumer. If more people were willing to stand up for what they believe in by cutting off the lifeblood of corporate America, their anti-consumer behavior would have to change. It doesn't matter why, if you don't agree with the behavior of a company, you have every right to encourage others to avoid it and collectively deprive it of the customer base it needs to survive.

You know the old saying, "money talks?" Well, it could never be more true.

xpxp2002 said,

That attitude is the reason why corporations have such a stranglehold on the individual consumer. If more people were willing to stand up for what they believe in by cutting off the lifeblood of corporate America, their anti-consumer behavior would have to change. It doesn't matter why, if you don't agree with the behavior of a company, you have every right to encourage others to avoid it and collectively deprive it of the customer base it needs to survive.

You know the old saying, "money talks?" Well, it could never be more true.

So, instead of DDoSing them last year, they should have just cancelled their accounts. No one would be arrested.

xpxp2002 said,

That attitude is the reason why corporations have such a stranglehold on the individual consumer. If more people were willing to stand up for what they believe in by cutting off the lifeblood of corporate America, their anti-consumer behavior would have to change. It doesn't matter why, if you don't agree with the behavior of a company, you have every right to encourage others to avoid it and collectively deprive it of the customer base it needs to survive.

You know the old saying, "money talks?" Well, it could never be more true.

You have every right to boycott a company, but you have no right to attack it physically or electronically (like DDOSing).

If Anon was smart, they would have simply done a boycott at the beginning.

yeah but u can use ur CC to pay and thats ok, cause will work like any other payment method. the issue is when u have a pp acc and they keep limiting and deleting ur accs over nothing (telling that u are into some criminal ****) then they tell u to appeal and when u do they answer "sorry, there is nothing u can do".. ****ers.

guitmz said,
yeah but u can use ur CC to pay and thats ok, cause will work like any other payment method. the issue is when u have a pp acc and they keep limiting and deleting ur accs over nothing (telling that u are into some criminal ****) then they tell u to appeal and when u do they answer "sorry, there is nothing u can do".. ****ers.

Yes, this is certainly the case. The other day someone accidentally sent me £153. She emailed me to ask if I could send it back. I tried to do this but there wasnt an easy way to reverse the transaction. A dispute was raised by the woman that sent the money in error ... I tried to respond to this - to the effect of 'yes, it's not my money send it back, I dont even know this person' but couldn't find a way to do this. Checked FAQ etc. Nothing. Eventually I emailed the person saying please forward my email on that confirms this was a mistake from my end. I even went as far as to request that paypal contact me. Nothing at all from them but the funds were frozen in my paypal account so I couldnt even just send her money back. Eventually paypal closed the dispute in MY favour!? Seriously WTF!?? I sent her money back to her, but this is the type of **** I've had with paypal in the past. I still have my account with them but am VERY VERY careful when I do use it in case something ever goes wrong ... They ALWAYS, in my experience, vote in favour of the other person - when you raise the dispute you are immediately suspisious in their eyes. The company deserves to die a painful death and I wish nothing but this for them as a company...

zYb said,

Yes, this is certainly the case. The other day someone accidentally sent me £153. She emailed me to ask if I could send it back. I tried to do this but there wasnt an easy way to reverse the transaction. A dispute was raised by the woman that sent the money in error ... I tried to respond to this - to the effect of 'yes, it's not my money send it back, I dont even know this person' but couldn't find a way to do this.


You are full of ****. Issuing a refund is quick and easy with PayPal. Only an illiterate person would claim that they can't figure out how to do it.

edit: first link in a Google search for "PayPal issue refund": https://www.paypal.com/cgi-bin...ng/bizui/SendRefund-outside

roadwarrior said,

You are full of ****. Issuing a refund is quick and easy with PayPal. Only an illiterate person would claim that they can't figure out how to do it.

edit: first link in a Google search for "PayPal issue refund": https://www.paypal.com/cgi-bin...ng/bizui/SendRefund-outside

Ok, so in order to find how to send a refund via paypal I need to use a search engine? It doesn't make me illiterate you idiot- their website is arse and you've only proved my point in saying you found that via google. Let me guess when you want to open a site you use google not the address bar right?
Also, explain to me how the first transaction didn't request my acceptance of the money before making it available to me, but when I refunded the money it required her to accept the money? Lost interest. Paypal are still a useless company - die paypal die

Lexcyn said,
I do hate Paypal but unfortunately there is no real alternative, especially when purchasing from eBay.

No, there is - Cash on collection - far safer, more trustworthy and cheaper. Sadly people sell on too much complete junk now and it really has to be inspected first.

On a different note this was a good reminder to withdraw my cash from them (done), thanks for the reminder. I am not a supporter of these kids by the way.

DTR said,

No, there is - Cash on collection - far safer, more trustworthy and cheaper. Sadly people sell on too much complete junk now and it really has to be inspected first.


Not if you need to buy stuff from foreign eBay site.

DukeEsquire said,
The stock drop has little to do with Anon. Stocks in general are down big today due to the US debt talks.

http://www.google.com/finance


They probably have added slightly to the decrease but generally stocks are down:
Microsoft: -1.39%
Yahoo: -1.87%
Google: -1.25%

Plus i wonder how many people will be re-opening accounts in the next few days...?

Oh and they're on the way back up, only -2% now. (need to wait till close to see if there has been any real affect)

DukeEsquire said,
The stock drop has little to do with Anon. Stocks in general are down big today due to the US debt talks.

http://www.google.com/finance

Indeed. All major tech stocks are down around 3%.


And where did you got that figure from +bmdixon.

It's as follows:

Microsoft: -2.67% ( http://www.bing.com/finance/se...s=n&sk=&form=DTPFIN)
Apple: -2.68% ( http://www.bing.com/finance/se...s=n&sk=&form=DTPFIN)
Google: -2.46% ( http://www.bing.com/finance/se...s=n&sk=&form=DTPFIN)

threetonesun said,
3%, while a little high, could be more based on the fact that everyone is freaking out over the US's debt situation.

No it's all anonymous AND THEY BROUGHT DOWN THE WHOLE MARKETTTTTTT
Dow closes down 199 points, suffering worst drop since June 1 - @MarketWatch http://bit.ly/jeHcbD

FFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFF