Mark Zuckerberg (literally, actually) desperate to cash out his FaceBook shares - [PEACE] [MINISTRY]

[Will Jackson]

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 <zen at freedbms.net> 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>
>
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