The Clap👏 Uber (NYSE: UBER) & PayPal (NASDAQ: PYPL) are the latest companies to play their part in cracking down on Russia & aiding Ukraine.
Uber🚗 Uber is rolling out several initiatives. The company will provide free rides to AND from Polish cities for Ukrainian refugees, & is “exploring how Ukrainian refugees can have access to work on the Uber platform in neighboring countries”. Uber will also add a button on its app allowing riders to donate straight to the International Rescue Committee.
PayPal💳 Online payments company PayPal said it will stop accepting new users in Russia. PayPal follows in the footsteps of other payments platforms, including Visa, Mastercard, & American Express, which have blocked several Russian financial institutions due to government sanctions.
The great corporation push💪 Uber & PayPal join their tech counterparts in doing their part to put pressure on Russia &/or come to Ukraine’s aid. But the move isn’t limited to tech companies, as we’ve seen energy giants like ExxonMobil & others announce exits from their Russian operations.