4 ms·

I call bullshit. Investing frozen cash into stocks sounds far too complex, and you can imagine so many pitfalls (how the hell do you fudge the accounts for miss

• nukeop 9y ago
  Of course there's no "evidence". If I had evidence I would go to the courts instead. This is an anecdote. The pitfalls you mention can easily be covered if overall the practice brings profit, since you can cover potential losses with profits from other cases.
• dithering 9y ago
  It seems reasonable that they're investing their float. It seems possible they're creating Byzantine regulations in order to increase that float. No evidence, but it doesn't sound complex to me - money is fungible, and all that.
• morganvachon 9y ago
  I've heard this a few times over the years, I'm not sure if it's urban legend, speculation, or based on something that actually happened. OP claims they worked at Paypal so they may not be willing to go into detail, or it may just be completely made up for Internet points (which so far seems to be backfiring). I came across a video[1] a few days back while looking at electric car hobbyist stuff that makes the same accusations as OP. According to the Youtuber, when he had hundreds of transactions at once via a group buy on an account that he claims has moved millions of dollars through Paypal as a business account, Paypal froze the funds and he suggested to his customers that Paypal did it so they could invest the funds for six months and make a ton of interest. It's a bit tin-foil-hat sounding but it's just plausible enough to make one wonder. [1] https://www.youtube.com/watch?v=t1rYgD8luGw https://www.youtube.com/watch?v=t1rYgD8luGw