I always think of eBay as a scavenger hunt type of site which is totally unfair. I know that. I apologize.
But one of the things that I admire about eBay is the wisdom of their acquisition of PayPal back in 2002.
Back in 2002, eBay bought PayPal for $1.5B which turned a lot of heads. Wow! Unicorn meat! How do you cook it?
On Friday afternoon, four additional cracks appeared in the Libra Foundation when Visa, MasterCard, eBay, and Stripe joined the earlier refugee from Libra, PayPal, and announced they were going to take a pass on joining and funding the Libra Foundation, headquartered in Geneva, Switzerland.
What was odd was the revelation that Libra had been taking a lot of incoming from governments — United States, Germany, France — including a letter from Senator Sherrod Brown (D-Ohio) and Senator Brian Schatz (D-Hi).
They had written directly to Visa, Mastercard, and Stripe discouraging their participation as well as warning of a “high level of scrutiny from regulators not only on Libra-related payment activities, but on all payment activities.”
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