January 2024 - cypherpunks - lists.cpunks.org

PayPal to Cut Around 2,500 Jobs as Rivals Snag Market Share
by Gunnar Larson 31 Jan '24

31 Jan '24

PayPal to Cut Around 2,500 Jobs as Rivals Snag Market Share https://www.bloomberg.com/news/articles/2024-01-30/paypal-to-cut-around-2-5… PayPal Holdings Inc. will reduce its workforce by about 9% this year as Chief Executive Officer Alex Chriss, who took over in September, grapples with rising competition, profit pressures and a raft of analyst downgrades.

1 0

New York sues Citibank for alleged failure to reimburse fraud victims
by Gunnar Larson 31 Jan '24

31 Jan '24

https://www.cnbc.com/2024/01/30/new-york-sues-citibank-for-alleged-failure-… New York Attorney General Letitia James on Tuesday sued Citibank for allegedly failing to protect and reimburse victims of electronic fraud. The suit claims that Citi does not have strong protections in place to prevent unauthorized account takeovers, misleads victims of fraud and illegally denies reimbursements, according to a release. The attorney general's office said the alleged failure on Citi's part has cost New York account holders millions of dollars, and in some cases, their entire life savings.

1 0

[spam] Non-Canon Traffick Boss Spinoffs Reboot 3
by Undescribed Horrific Abuse, One Victim & Survivor of Many 30 Jan '24

30 Jan '24

i seem to have misplaced the original reboot threads starting at 12/24 to compensate for earlier engagement

1 9

PayPal Begins Company Wide Layoffs — The Information
by Gunnar Larson 30 Jan '24

30 Jan '24

https://www.theinformation.com/articles/paypal-begins-company-wide-layoffs

1 0

JPMorgan CEO Jamie Dimon Says US Debt Will Spark 'Rebellion' in Markets
by Gunnar Larson 30 Jan '24

30 Jan '24

https://markets.businessinsider.com/news/bonds/us-national-debt-deficit-jam… Mounting US debt will eventually spark a "rebellion" in markets around the world, JPMorgan CEO said. That's because $7.6 trillion of US government debt is held by foreign entities in countries like Japan and China. "It is a cliff. We see the cliff. It's about 10 years out. We're going 60 miles an hour," Dimon said. --- "That is the worst possible way to do it," he said. "It is a cliff. We see the cliff. It's about 10 years out. We're going 60 miles an hour." For Jamie Dimon, the US fiscal situation has particularly soured since the time he graduated high school, when the debt-to-GDP ratio was about 35%. And the federal deficit, which is the amount the US spends over its budget in a specific year, was much lower than it is today. "Back then the deficit during the recession, so you do spend money in a recession was, I'm going to say four or 5%," he said. "Today, it's 6.5% in a boom time."

1 0

Great new Cyprus Peacekeeping Video
by Gunnar Larson 30 Jan '24

30 Jan '24

https://www.instagram.com/reel/C2urao0OmGY/?igsh=MTllZXFlZGVja215dQ==

1 0

Scandal-Hit Trading Desk Turns Into Money Spinner at Wells Fargo
by Gunnar Larson 30 Jan '24

30 Jan '24

Scandal-Hit Trading Desk Turns Into Money Spinner at Wells Fargo https://www.bloomberg.com/news/articles/2024-01-30/scandal-hit-trading-desk… Wells Fargo & Co.’s early test of how much it can grow a trading desk by leaning on relationships across corporate America is yielding a $1 billion answer. The bank is ahead of schedule in doubling revenue from currencies.

1 0

Cash App Fights Proposed Class Action Over Text Referrals
by Gunnar Larson 30 Jan '24

30 Jan '24

Cash App Fights Proposed Class Action Over Text Referrals <https://www.law360.com/compliance/articles/1790697?nl_pk=ab5ce197-c1fb-4d8e…> By Emilie Ruscoe Block Inc., which operates mobile payment service Cash App, has asked a Seattle federal judge to toss a consumer's proposed class action alleging that the company's referral texts constitute "annoying and harassing spam texts." Motion attached | Read full article » <https://www.law360.com/compliance/articles/1790697?nl_pk=ab5ce197-c1fb-4d8e…> | Save to favorites » <https://www.law360.com/compliance/articles/1790697?nl_pk=ab5ce197-c1fb-4d8e…>

1 0

Justices Urged To OK 9th Circ.'s Coinbase Arbitration Ruling
by Gunnar Larson 30 Jan '24

30 Jan '24

Justices Urged To OK 9th Circ.'s Coinbase Arbitration Ruling <https://www.law360.com/capitalmarkets/articles/1791360?nl_pk=abe82add-2a33-…> By Dorothy Atkins The American Association for Justice, legal scholars and a consumer advocacy organization threw their weight behind a proposed class of Coinbase users Monday in their fight at the U.S. Supreme Court to keep their dispute alleging the cryptocurrency exchange platform misled them about a Dogecoin sweepstakes out of arbitration. 3 documents attached | Read full article » <https://www.law360.com/capitalmarkets/articles/1791360?nl_pk=abe82add-2a33-…> | Save to favorites » <https://www.law360.com/capitalmarkets/articles/1791360?nl_pk=abe82add-2a33-…>

1 0

Feds Charge 3 In $1.9B HyperFund Crypto Pyramid Scheme
by Gunnar Larson 30 Jan '24

30 Jan '24

Feds Charge 3 In $1.9B HyperFund Crypto Pyramid Scheme <https://www.law360.com/fintech/articles/1791459?nl_pk=d2b3e7ef-ab62-4a62-80…> By Aislinn Keely The individuals behind cryptocurrency project HyperFund are facing federal charges and a U.S. Securities and Exchange Commission action over their roles in what prosecutors say was a crypto Ponzi scheme that defrauded investors out of nearly $1.9 billion. 4 documents attached | Read full article » <https://www.law360.com/fintech/articles/1791459?nl_pk=d2b3e7ef-ab62-4a62-80…> | Save to favorites » <https://www.law360.com/fintech/articles/1791459?nl_pk=d2b3e7ef-ab62-4a62-80…>

1 0