The National Archives reports that Gab CEO Andrew Torba is considering “buying our own bank” after being banned from using the service by a fourth bank in four weeks.
Now that Gab has been banned from four banks in a few weeks, CEO Andrew Torba says the company is “seriously considering buying our own bank.
Last month, Gab CEO Andrew Torba revealed that the new tech site had been banned by three different banks in three weeks. On Friday, Toba confirmed in a statement posted online that another bank had banned the site from using its services. “It’s gotten to the point where we’re seriously considering buying our own bank,” Toba said, adding that “the funny thing is that this started happening when Biden took office.”
As the National Archives reports, one of the banks has explicitly confirmed that they can no longer do business with the new tech site because of “all the negative media coverage” of Gab, which media reports have described as a “far-right social media network and a “safe haven” for extremists,” even suggesting that the site “can lead to violence.
Gab follows the law and operates legally in the United States,” Toba told the National Archives, “and we sell hats, shirts, and software licenses for the GabPRO service. We have a community that respects law and order. Yet, our banks and other services are making it difficult to ban us left and right.”
Tolba encourages anyone who believes in free speech to “seek out Christian banks and local thrifts (Credit unions) and stop doing business with banks that don’t share or support American values.” He believes that it won’t be long before “churches, businesses and individuals who reject the ‘critical theory of awakening orthodoxy'” will also be denied service by banks, “and the ‘awakening of orthodoxy’ has engulfed every corner of our Culture.
Apollo.com introduces: The first use of the term critical theory was used by the Frankfurt School to describe their own writings. In the humanities and social sciences, it usually refers to emerging theories in various fields, including Marxism, feminism, structuralism, post-structuralism, etc., starting roughly from the 1960s.
The term “awakening,” by the late 2010s, was associated with left-wing political, progressive, or socially liberal causes such as anti-racism, LGBT rights, feminism, and environmentalism. Its widespread use since 2014 is a result of the Black Lives Matter movement].
“We have to take the initiative to cancel them before they cancel us,” concludes Tolba. Banks are not the first financial services to reject and “cancel” Gab – in 2018, PayPal terminated its relationship with the free speech social network.
The National Archives reached out to Gab for comment on this matter and will update this article if there is a response.
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