New Paypal Law UPDATE

an update to the other journal about the paypal law
new paypal law?read here

im honestly....really confused by this and need to have a discussion about it.
apparently paypal is adding a new law agreement on July 1st, where they are able to own any content use sell under their name.
but to me, this sounds like a huge assumption and it was misworded properly. I then decided to look it up, and apparently a lot of other bit websites caught wind of it and are saying the same thing, so im in a bit of a panic here.
https://www.paypal.com/ie/webapps/mpp/ua/upcoming-policies-full?locale.x=GB
Amendment to the PayPal User Agreement.
Intellectual Property
We are adding a new paragraph to section 1.3., which outlines the licence and rights that you give to us and to the PayPal Group (see paragraph 12 below for the definition of “PayPal Group”) to use content that you post for publication using the Services. A similar paragraph features in the Privacy Policy, which is removed by the addition of this paragraph to the U

apparently this law is only there to give them rights to be able share whatever people send them via mail

"We apologize for any confusion this may have caused and would be happy to help clarify. The clause about intellectual property lets us share the nice things you say about us on social media, in the press or online without us having to ask you to sign a release form first. You wouldn't need to worry about selling books or art. : )
---- Ask Paypal @ twitter"
twitter.com/ColleenDoran/statu…

got this lovely tidbit from defigure who deals with law-related things. Im still trying to find more about it, but this helps a lil to shine a light on the subject. its just a form or protection for the website, just like with any other big website, so no one sues them for something ridiculous like email sharing and other stuff.

if anyone has anything else on the subject, feel free to enlighten me.