Ecuadorean president denies extradition of man who cheated Facebook // Low on scholarship, Uber loses head of operations and marketing

Ecuador’s President Lenin Moreno has denied the extradition of US citizen Paul Ceglia. Convicted of defrauding a contract claiming he would be entitled to half of Facebook. The man has been held in the country for a year, and the United States has requested his extradition to serve his sentence in New York.

In 2010, Ceglia filed suit against Mark Zuckerberg, claiming that the founder of Facebook had signed a contract at the time he was a student at Harvard University, passing him half of the site that became the world’s most famous social network . A judge denied the suit after discovering that the contract had been manipulated.

According to Reuters, Ceglia would be taken back to the US to stand trial when an Ecuadorian court approved his extradition in November 2018. But now, the president of Ecuador has blocked the extradition order. “In an exercise of national sovereignty, given the principle of reciprocity in public international law, and for humanitarian reasons, I delegated you, the Minister, to deny extradition,” Moreno wrote in his letter to his Interior Minister.

Ecuador is known to deny extradition requests to the US, despite the extradition treaty between the two nations. WikiLeaks founder Julian Assange was granted asylum and spent seven years hiding in the Ecuadorian embassy after facing charges of sexual assault and rape.

After that, Ceglia was charged with fraud in November 2012. Shortly before his trial, the American removed his electronic ankle bracelet and ran away with his wife, two children and a dog. He spent 3 ½ years as a fugitive until he was captured in Ecuador.

Although the Ecuadorian judiciary authorized the extradition of Ceglia.

The president of the country claimed reciprocity reasons to deny it. In a letter to his interior minister, Moreno delegated to the subordinate the role of denying extradition due to the exercise of national sovereignty, taking into account the principle of reciprocity of international law, and observance of humanitarian reasons.

Assange’s asylum has been revoked and he is currently being held in the UK. As if that were not enough, he now faces charges of a federal conspiracy for allegedly helping a whistleblower invade confidential US government computers.

According to President Moreno, the United States has not responded to several requests for extradition of Ecuadorian citizens. Complementing that it has the power to deny it independently of the National Court’s assessment. For now, Ceglia will remain in jail in Ecuador, but has already applied for asylum to the country’s government. US attorney Roberto Calderon praised the ruling, saying Moreno had shown great sensitivity in the case.

Low on scholarship, Uber loses head of operations and marketing

Resultado de imagem para Presidente do Equador nega extradição de homem que fraudou Facebook // Em baixa na bolsa, Uber perde chefe de operações e marketing

Uber has announced at once that two senior executives at the company are leaving. COO (chief of operations) Barney Harford and CMO (head of marketing) Rebecca Messina will no longer be part of the private transport company.

According to CNN, the decision is part of a restructuring in the company. Which changed the hierarchy of some positions and made administrative changes. This is possibly a reflection of Uber’s poor performance on the New York Stock Exchange; A month ago, the company debuted lower than expected and still could not reach the desired numbers with the public offering.

High numbers, right?

But it had another bad rating; Its first-quarter financial losses will be at least $ 1 billion and hit $ 1.11 billion, according to a report to the Securities and Exchange Commission.

What are the reasons for this? According to Uber, it is due to the “increase in the loss of operations” in the last quarter. “Increasing competitive pressures in certain markets” and “increasing our incentives and promotion spending to maintain our competitive position.”. You can sum it all up in one word: competition.

Khosrowshahi said that “after the IPO,” this is a “good time to simplify our organization and prepare the company for the future.”. Uber’s stock has been falling since it debuted below the value of the prospect ($ 45), at $ 42. On Monday (10), the paper fell 3.36% to $ 42.68 .

While Uber has to deal with these outlets, Uber has the arduous task of convincing the market that his business can give money at some point in the future. In the first quarter’s balance sheet, the company reported a loss of $ 1 billion. Following a series of negative results since its inception.

First point:

it’s been a while since Uber drivers complain about being underpaid. According to a recent survey. The driver of the app earns, on average, $ 14.73 per hour in the United States. If that is your only source of income, this driver, if you are from a family of three. Is living below the poverty line in the country. And that would also be why the service is so cheap.

To pressure the company at the time of the IPO, Uber drivers in; San Francisco, San Diego, Los Angeles, Chicago, Minneapolis, Philadelphia and Washington (DC). Are expected to participate in a 12-hour shutdown on May 8, says Gizmodo.

The other two points – autonomous cars and the non-profit business model. Are kind of interlinked, as Uber’s chief executive Dara Khosrowshahi said last year that he wants the company investing heavily in innovation instead of looking in large financial results.

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