Musk's Petition Giveaway Just A Really Expensive Election Promotion [Forbes]
PayPal Holdings, Inc. (PYPL)
Last paypal holdings, inc. earnings: 1/29 04:15 pm
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Source: Forbes
Copyright 2024 The Associated Press. All rights reserved Elon Musk's $1 million-a-day giveaway to U.S. voters was allowed to proceed after a Pennsylvania state judge refused to halt the sweepstake. Musk had been awarding the money to individuals in several key swing states who signed a petition to support the First and Second Amendments. On Monday evening, Judge Angelo Foglietta of the Philadelphia County Court of Common Pleas denied a request from Philadelphia's district attorney Larry Krasner, to issue an emergency injunction against Musk. Krasner had sought an immediate end to the giveaways arguing it broke the Keystone State's lottery and consumer-protection laws, The New York Times reported However, Musk's legal team countered that the giveaways weren't a lottery, and instead were a promotion—as the winners were not chosen "randomly," despite how the tech entrepreneur described the program, including on X, where it was described as "a daily chance" as to who could win the
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News
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- Money Transfer Apps Industry Worth $47.67 Billion by 2029 - Regional Markets Analysis and Profiles of Leading Players PayPal, Western Union Financial Services, Wise Payments, Remitly, WorldRemit, Revolut & More [Yahoo! Finance]Yahoo! Finance
- PayPal Unveils Innovative Money Pooling Feature, Simplifying Group Expenses Between Family and FriendsPR Newswire
PYPL
Earnings
- 10/29/24 - Beat
PYPL
Sec Filings
- 10/29/24 - Form 10-Q
- 10/29/24 - Form 8-K
- 10/15/24 - Form 4
- PYPL's page on the SEC website