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"I can run a 3 man startup and change things in a week! Why can't a public traded company worth billions with thousands of employees change things in a week?"
by adgar 14y ago
"I can run a 3 man startup and change things in a week! Why can't a public traded company worth billions with thousands of employees change things in a week?"
Check your ignorance and entitlement at the door, please.
- rhizome 14y agoNot to mention that any changes they make have to be proven not to expose them to the banking laws that they've been assiduously avoiding, and that would provide the kinds of protections that the general population expects.
- chris_wot 14y agoThey can't escape these laws on Australia as they are a financial depository institution regulated by APRA. Should they try to deny an Australuan their money like this, they will be in a world of pain.
- voltagex_ 14y agoHey, I'm an Aussie using PayPal and this is the first time I've heard of this. Where can I go to read more?
- chris_wot 14y agoAuthority is here: http://www.apra.gov.au/adi/Documents/cfdocs/PayPal-auth-and-conditions-2006.pdf http://www.apra.gov.au/adi/Documents/cfdocs/PayPal-auth-and-... They are classed as an ADI, which means banking rules applies to them.