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Breaking: Visa, Mastercard, eBay, Stripe All Leave Libra

Wow. Within the span of an hour or two, reports have revealed that Facebook’s crypto project, Libra, suffered some heavy blows.

It first started on Friday morning, with the Financial Times revealing that both eBay, the e-commerce/online marketplace giant, and Stripe, a fintech giant, have dropped out of the Libra Association.

Speaking to the outlet, an eBay spokesperson asserted that while the company “respects the vision of Libra”, the American firm will not be moving ahead with its participation in the Association, citing a focus on ” rolling out eBay’s managed payments experience for our customers.”

Stripe made a similar comment, telling the FT that it is “supportive of projects that aim to make online commerce more accessible for people”, but will not be moving forward with the Facebook-backed crypto project at this time.

Within the hour or two after the FT’s revelatory report, both Mastercard and Visa — seen by many in the crypto community to be the Association’s two most important partners — also revealed that they will be rescending their membership. In their own comment, Visa cited Libra’s inability to “fully satisfy all requisite regulatory expectations.”

FIVE household names have pulled out of $LIBRA (Visa, Paypal, Stripe, Ebay, and Mastercard). I doubt they'll be the last.

Regulators are stonewalling it.

Zuck is testifying before Congress Oct. 23rd.

Now you can long/short its chance of even launching: https://www.bloomberg.com/news/articles/2019-10-07/facebook-skeptics-now-have-derivatives-to-bet-on-libra-delays

— The Crypto Dog📈 (@TheCryptoDog) October 11, 2019

👉🏼 Read more:
https://www.newsbtc.com/2019/10/11/breaking-visa-mastercard-ebay-stripe-all-leave-libra/

#DeleteFacebook #DeleteLibra #Visa #Mastercard #eBay #Stripe
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Six eBay Executives and Employees Charged with Sending Threats, Bloody Pig Mask

Six former eBay executives and employees are facing federal charges after they allegedly led a cyberstalking campaign against a Natick couple they believed was critical of the company in an online ecommerce newsletter.

U.S. Attorney Andrew Lelling said the eBay employees’ harassment included sending the couple “disturbing deliveries” that included a bloody pig mask, a box of live cockroaches, and a funeral wreath. The employees also allegedly sent anonymous threatening messages and traveled to Massachusetts to conduct “covert surveillance” of the victims.

https://boston.cbslocal.com/2020/06/15/ebay-employees-arrested-u-s-attorney-andrew-lelling-cyberstalking

https://www.theverge.com/2020/6/15/21291666/ebay-employees-arrested-journalist-harassment

https://www.wired.com/story/ebay-employees-charged-cyberstalking-harassment-campaign

Comments:
https://news.ycombinator.com/item?id=23529035


#ebay #stalking #harass #cyberstalking
Inside eBay’s Cockroach Cult: The Ghastly Story of a Stalking Scandal

“People are basically good” was
eBay’s founding principle. But in the deranged summer of 2019, prosecutors say, a campaign to terrorize a blogger crawled out of a dark place in the corporate soul.

1. Dad stabs a chair

Veronica Zea is pretty sure that before showing up to work at eBay in the spring of 2017, she used the site only once. She bought a surfing poster. It ended up in her closet.

Although Ms. Zea grew up in Santa Clara, Calif., in the heart of Silicon Valley, she cared little for the dazzlements of technology. In college, she studied criminology. After graduating, and a year spent recovering from knee surgery, she surprised herself by answering a classified ad and ending up at the e-commerce pioneer.

Ms. Zea’s first job at eBay was intelligence operator. In a windowless room at corporate headquarters in San Jose, she watched closed-circuit cameras and helped people who were locked out of their offices. Ms. Zea (pronounced ZAY) was 23, with no special skills, but she worked hard. Soon she was promoted to intelligence analyst, charged with staying ahead of geopolitical and individual threats.

Her division, Global Security and Resiliency, consisted of dozens of people, including retired police captains and former security consultants. But it was surprisingly intimate. “We’re a family,” James Baugh, the boss, and Stephanie Popp, her immediate supervisor, would say to the analysts. “We’re Mom and Dad.”

True, Dad could be kind of scary. Mr. Baugh was a stocky, middle-aged guy with thinning hair who loved to talk and did not like to be questioned. He would often say he used to work for the C.I.A. Sometimes he said his wife was working for the C.I.A. right now. Once, he found a knife on a barbecue grill on campus. A deranged person could have used it to hurt someone, he told the analysts, and proceeded to stab a chair. It was never removed, a warning for the timid. (Through his lawyer, Mr. Baugh declined to comment.)

Ms. Zea had never worked in an office. Her only real job before this was on the Grizzly roller coaster at California’s Great America amusement park. So she just accepted things. Like the way eBay was a regular film festival. Mr. Baugh would bring the analysts into a conference room and show the scene from “American Gangster” where Denzel Washington coolly executes a man in front of a crowd to make a point. Or a clip from “The Wolf of Wall Street,” where the feds are investigating shady deeds but none of the perpetrators can recall a thing. Or the bit from “Meet the Fockers” about a retired C.I.A. agent’s “circle of trust.”

That one came up frequently. “No one is supposed to know this,” Mr. Baugh would tell the analysts about some piece of office gossip. “We’ll keep it in the circle of trust.”

👀 👉🏼 https://www.nytimes.com/2020/09/26/technology/ebay-cockroaches-stalking-scandal.html

#ebay #cockroaches #stalking #scandal #thinkabout
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