Interesting, I suppose we'll see if LenddoEFL becomes a facebook property, or if their IP ends up in facebook's custody.
I admit it's compelling, and if it is a sort of capital jailbreak / social score coup de grace masked as intra-elite squabbling it should be received as a message on the order of the Epstein murder or great recession bailouts. Lenddo and the Omidyar Network put a real twist on things, bringing, presumably, tons of capital and power to the fight, and I'm beginning to think the little guys (unheard-of chat client, social media, or as a friend said "losers sue winner for winning") are there just to get standing. Please update this thread with any news. Best, Will On Sat, Jan 18, 2020 at 9:07 PM Zenaan Harkness <[email protected]> wrote: > On Sat, Jan 18, 2020 at 02:18:47PM -0500, Will Jackson wrote: > > Presumably this is what you're referencing: > > > https://www.businessinsider.com/facebook-lawsuit-zuckerberg-cede-control-stake-2020-1 > > > > > > "Four tech firms — two of which are now defunct — are suing Facebook on > > antitrust grounds and demanding that Mark Zuckerberg give up control of > the > > company." > > > > "The four companies are Circl, an online marketplace and social network; > > Beehive Biometric, an identity-verification firm; Reveal Chat, a chat > app; > > and Lenddo, a financial-services provider." > > > > I'm having trouble connecting the dots to Zuck himself, as these (in some > > cases erstwhile) CEOs don't actually seem to know him. I admit your > premise > > is plausible, but not sure if we can get from A to B without more info on > > each of these VC pits, their backers & C-suite. This would be helpful to > > that end, if anyone has access: https://www.law360.com/articles/1235382 > > > > Interestingly, Beehive Biometric was partly run by Mary Haskett who is > now > > CEO of a different biometric startup titled Blink Identity. From their > > website: "With decades of experience developing identity systems for > > enterprises in high-risk environments, Blink Identity’s biometric > matching > > system utilizes military-grade technology to reliably identify people at > > full walking speed in any lighting condition." Their solution (facial > > recognition) reconfigures military tech for stadiums, stateside. Would be > > good business if they can convince your average sports fan to link their > > season ticket purchase to a biometric profile. From what I can find, > > Beehive was doing something similar. > > > > So what the fuck does that have to do with facebook? > > > > Another weird bit is that Lenddo is an Omidyar property, one which some > of > > you may remember as the US's private-sector counterpart to China's > "Social > > Credit Score," where a credit score for an individual is determined by > many > > factors, including social media presence. I use "private-sector" here > > loosely, it's intimately linked with USAID > > < > https://www.usaid.gov/sites/default/files/documents/15396/External_Overview_-_Development_Innovation_Ventures_DIV.pdf > > > > (and thus CIA) and is a way of scooping up another billion people into > the > > global financial markets. In NGO language: Lenddo and EFL Team Up to Lead > > Financial Inclusion Revolution > > <https://www.prweb.com/releases/2017/10/prweb14806664.htm>. That's a > press > > release announcing their merger with another USAID-backed "global company > > that provides psychometric assessments for largely unbanked people," > titled > > EFL. EFL was born at Harvard before incorporating in the Phillipines > (both > > founders American) and is headquartered in Singapore - any red flags yet? > > But this is all a big digression. > > <https://www.prweb.com/releases/2017/10/prweb14806664.htm> > > Ahh, biometric laced social credit scores for the West of course! > > You see, that's exactly another "hard to pull off without severe > public backlash" trick - FaceBook instituting biometric IDs and > social credit scores. > > A nice clean "loss" for FaceBook, in court, would "clean that slate, > firetruckers." > > FaceBook is absolutely -loaded- with QE4 fueled share price capex, > and Zuckerberg owns so much he cannot cash out without seriously > disrupting FaceBook's share price. > > Deals (biometrics, social credit scores) which go against the public > interest, are at the least annoying to do so publicly. > > But having this court case, FaceBook can appear to be given a slap on > the wrist (say, paying out $20 billion to these schmucks who are > running this sham court case) so that Zuckerberg can cash out (say > $300 billion out of his $380 billion in shareholding), and FaceBook > is "forced" to "work with" these Chinese style social credit score > companies as another "slap on the wrist". > > Every body Pump. Every body Dump. > Everybody furking a-round the courts. > > > > Again, is Facebook even remotely involved with these markets? Has Lenddo > > been muscled out of some contract that we just don't know about? From > what > > I remember internet.org crashed and burned, and private banking wasn't > even > > the point! I suppose private banking isn't really the point of LenddoEFL > > either, as once they are a financial institution with up to 1b customers > > they'll be in the god-tier of financial institutions, repackaging their > > debts and assets into all sorts of new tradable instruments, and of > course, > > they'll be much too big to fail. Besides, think of the poor peasants > you'll > > be hurting by not bailing out their loansharks! > > > > I don't care about the other two frankly, probably just trying to recoup > > some losses. > > > > I probably got some of the details here wrong but you get the gist: two > of > > these companies seem to be complaining that facebook has monopolized > social > > and biometric data collection. Not only does this seem manifestly untrue > it > > seems difficult to provide even a lick of evidence for the latter. > > That's your first hint that this is a sham court case. > > > > Something's fishy but I'm not totally buying the Zuck fortune > exfiltration > > story. I guess I understand why LenddoEFL wants in to facebook's walled > > garden, but their status as basically a front for USAID / CIA > "development" > > ops in areas beyond (or just within) facebook's grasp makes me wonder why > > they want access to facebook's market-share. Are there that many unbanked > > facebook users? > > > > more evidence please > > > "CIA development ops" - well, well, well - so try this for size: the > CIA wants FaceBook to expand their ID to include biometrics, and then > social credit scores. Imagine that being a public contract. > > How can that be achieved "under fig leaf" of some sort - well, the > authority of the courts is pretty 'clandestine' for the average > sheeple, and while we're at it, Zuckerberg asks for a little help to > exfiltrate his mullah - so this "Zuckerberg must sell all his shares" > is "senselessly" tacked onto the court case. > > Brilliant plan if you ask me ... as long as too many folks don't find > out <snort> >
