“Shares of Jack Dorsey’s Block plunged 19% after short seller Hindenburg Research announced Thursday that the payment company was its latest short position, alleging that Block allowed criminal activity to operate with lax controls and ‘highly’ inflates Cash App’s transacting user base, a key metric of performance,” CNBC reports. “The report alleges those unbanked customers were involved in criminal or illicit activity.”
As far as gun owners are concerned, it couldn’t happen to a “nicer” leftist billionaire. That Dorsey, co-founder and former CEO of Twitter and current Principal Executive Office and Chairperson of Block, should be reported as an enabler of criminal transactions while discriminating against lawful commerce in firearms is just another contradiction between what anti-gunners say they want and what they actually achieve.
That’s illustrated by Block’s earlier incarnation, Square, Inc., which refused to allow its credit card payment platform to process gun-related transactions. Dorsey made no secret of his personal and corporate hostility years back when, in his capacity as CEO of Square, he changed the seller’s agreement to forbid “payments in connection with … sales of (i) firearms, firearm parts or hardware, and ammunition; or (ii) weapons and other devices designed to cause physical injury.”
“We may decide not to authorize or settle any transaction that you submit to us if we believe that the transaction is in violation of this Agreement,” Square warned its users.
This was yet another way woke so-called “capitalists” continue to sell the collectivists’ rope. It was a naked attempt to marginalize gun owners and exclude/ostracize them financially and in the media from major segments of American commerce and society and reinforce the prejudice that there is something wrong with owning guns, and therefore something unsavory about gun owners.
And we see it continuing to rear its head, from the discriminatory Obama era “Operation Chokepoint” that lumped gun dealers in with pornographers (as well as with Ponzi/pyramid scams, drug paraphernalia, racist materials, and the like), to current on again/off again Merchant Category Code Department of Precrime “snitchware” schemes.
The true unsavory characters are the ones smearing gun ownership and gun owners by conflating them with criminals. That predictably happens every time some lunatic with a stolen gun who’s been caught and released a dozen times kills somebody and the blood dance cultists stomp in fury for more infringements against the peaceable and “law-abiding.”
“In sum, we think Block has misled investors on key metrics, and embraced predatory offerings and compliance worst-practices in order to fuel growth and profit from facilitation of fraud against consumers and the government,” Hindenburg concluded in its indictment of Dorsey’s business practices.
It would be rich indeed if regulators and the Justice Department investigated the charges and decided criminal prosecution was in order, especially since convictions could result in principal executives becoming “prohibited persons,” forbidden by law to possess the guns they don’t want their countrymen to have. But with all the serial Democrat gun-grabbers beholden to Dorsey for his political support, and the support of employees beholden to him for their livelihoods, don’t count on it.
About David Codrea:
David Codrea is the winner of multiple journalist awards for investigating/defending the RKBA and a long-time gun owner rights advocate who defiantly challenges the folly of citizen disarmament. He blogs at “The War on Guns: Notes from the Resistance,” is a regularly featured contributor to Firearms News, and posts on Twitter: @dcodrea and Facebook.