eBay To Drop American Express Over Fees

Online marketplace behemoth eBay said it plans to no longer accept American Express, citing what the company says are “unacceptably high fees.” CNBC: It’s a notable blow to American Express, whose customers are often the most attractive among merchants and spend the most money per month on their cards. But it’s not the first time merchants have voiced opposition to AmEx’s business practices by walking away, most notably the warehouse chain Costco nearly a decade ago.

[…] Overland said that eBay customers have become aware of new ways to pay for items, making payments more competitive than ever before, and AmEx was no longer a necessary partner for eBay. eBay has increasingly been offering customers buy now, pay later options on purchases through Apple Pay, PayPal and other companies like Klarna and Affirm as well.

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UK Imposes Mysterious Ban On Quantum Computer Exports

Longtime Slashdot reader MattSparkes shares a report from NewScientist: Quantum computing experts are baffled by the UK government’s new export restrictions on the exotic devices (source paywalled), saying they make little sense. [The UK government has set limits on the capabilities of quantum computers that can be exported — starting with those above 34 qubits, and rising as long as error rates are also higher — and has declined to explain these limits on the grounds of national security.] The legislation applies to both existing, small quantum computers that are of no practical use and larger computers that don’t actually exist, so cannot be exported. Instead, there are fears the limits will restrict sales and add bureaucracy to a new and growing sector. For more context, here’s an excerpt from an article published by The Telegraph in March: The technology has been added to a list of “dual use” items that could have military uses maintained by the Export Control Joint Unit, which scrutinizes sales of sensitive goods. A national quantum computer strategy published last year described the technology as being “critically important” for defense and national security and said the UK was in a “global race” to develop it. […] The changes have been introduced as part of a broader update to export rules agreed by Western allies including the US and major European countries. Several nations with particular expertise on quantum computer technologies have added specific curbs, including France which introduced rules at the start of this month.

Last year, industry body Quantum UK said British companies were concerned about the prospect of further export controls, and that they could even put off US companies seeking to relocate to the UK. Quantum computer exports only previously required licenses in specific cases, such as when they were likely to lead to military use. Oxford Instruments, which makes cooling systems for quantum computers, said last year that sales in China had been hit by increasing curbs. James Lindop of law firm Eversheds Sutherland said: “Semiconductor and quantum technologies — two areas in which the UK already holds a world-leading position — are increasingly perceived to be highly strategic and critical to UK national security. This will undoubtedly create an additional compliance burden for businesses active in the development and production of the targeted technologies.”

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GOG Will Start Deleting Cloud Saves This Summer

Mike Karels, of 4.4 BSD Fame, Has Died

Michael ‘Mike’ Karels, one of the authors of “The Design and Implementation of the 4.4Bsd Operating System” and a part of the Computer Systems Research Group at Berkeley, who received the USENIX Association Lifetime Achievement Award, has died. Longtime Slashdot reader bplipschitz shared the news.

The FreeBSD Foundation issued a statement in memory of Karels: “We are deeply saddened about the passing of Mike Karels, a pivotal figure in the history of BSD UNIX, a respected member of the FreeBSD community, and the Deputy Release Engineer for the FreeBSD Project. Mike’s contributions to the development and advancement of BSD systems were profound and have left an indelible mark on the Project. Mike’s vision and dedication were instrumental in shaping the FreeBSD we know and use today. His legacy will continue to inspire and guide us in our future endeavors.”

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Remote Amazon Tribe Connects To Internet, Gets Addicted To Porn and Social Media

The Marubo people, an isolated Indigenous tribe in the Amazon, have gained high-speed internet access through Elon Musk’s Starlink service, drastically altering their traditional way of life. While the internet has brought significant benefits like improved communication and emergency response, it has also introduced challenges such as social media addiction, exposure to inappropriate content, and cultural erosion. The New York Times reports: After only nine months with Starlink, the Marubo are already grappling with the same challenges that have racked American households for years: teenagers glued to phones; group chats full of gossip; addictive social networks; online strangers; violent video games; scams; misinformation; and minors watching pornography. Modern society has dealt with these issues over decades as the internet continued its relentless march. The Marubo and other Indigenous tribes, who have resisted modernity for generations, are now confronting the internet’s potential and peril all at once, while debating what it will mean for their identity and culture.

The internet was an immediate sensation. “It changed the routine so much that it was detrimental,” [admitted one Marubo leader, Enoque Marubo]. “In the village, if you don’t hunt, fish and plant, you don’t eat.” Leaders realized they needed limits. The internet would be switched on for only two hours in the morning, five hours in the evening, and all day Sunday. During those windows, many Marubo are crouched over or reclined in hammocks on their phones. They spend lots of time on WhatsApp. There, leaders coordinate between villages and alert the authorities to health issues and environmental destruction. Marubo teachers share lessons with students in different villages. And everyone is in much closer contact with faraway family and friends. To Enoque, the biggest benefit has been in emergencies. A venomous snake bite can require swift rescue by helicopter. Before the internet, the Marubo used amateur radio, relaying a message between several villages to reach the authorities. The internet made such calls instantaneous. “It’s already saved lives,” he said.

In April, seven months after Starlink’s arrival, more than 200 Marubo gathered in a village for meetings. Enoque brought a projector to show a video about bringing Starlink to the villages. As proceedings began, some leaders in the back of the audience spoke up. The internet should be turned off for the meetings, they said. “I don’t want people posting in the groups, taking my words out of context,” another said. During the meetings, teenagers swiped through Kwai, a Chinese-owned social network. Young boys watched videos of the Brazilian soccer star Neymar Jr. And two 15-year-old girls said they chatted with strangers on Instagram. One said she now dreamed of traveling the world, while the other wants to be a dentist in Sao Paulo. This new window to the outside world had left many in the tribe feeling torn. “Some young people maintain our traditions,” said TamaSay Marubo, 42, the tribe’s first woman leader. “Others just want to spend the whole afternoon on their phones.”

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A Billionaire-Backed Texas Stock Exchange Is In The Works

Cailey Gleeson reports via Forbes: A group backed by more than two dozen investors — including Citadel Securities and BlackRock — is planning to start its own stock exchange in Texas, it said Wednesday, in an attempt to compete with the New York Stock Exchange and Nasdaq. The Texas Stock Exchange (TXSE) — owned by TXSE Group Inc. and founded in 2023, per its LinkedIn — will be a “fully electronic national securities exchange” that seeks to expand access to markets for all investors and those seeking access to public capital, according to Wednesday’s press release.

The TXSE aims to have primary listings, dual listings and exchange-traded products, according to The Wall Street Journal, which first reported the news. The stock exchange has raised $120 million in capital and plans to register with the Securities and Exchange Commission later this year, according to the press release, while it will also have a physical headquarters in Dallas, and the company will employ about 100 people, The Dallas Morning News reported. It plans to start facilitating trades in 2025 and host its first listing the following year, multiple outlets reported. The Wall Street Journal notes that past attempts at regional stock exchanges have failed, such as the Chicago Stock Exchange and Philadelphia Stock Exchange — both of which combined with the NYSE and Nasdaq.

“The NYSE considered relocating its electronic trading systems to the Dallas-Fort Worth area in late 2020, amid a proposed financial transaction tax on stocks in New York,” adds Forbes. “But the move did not go through, nor the proposed tax,.”

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