After Giving Nearly $2M to Defund the Police, EBay Billionaire Poised to Cash In on Private Security Investments
Pierre Omidyar
Never-Trumper Pierre Omidyar, the billionaire founder of eBay, has showered almost $2M on groups that call for defunding the police, including the website DefundPolice.org.
But that hasn’t stopped him from investing in private security start-ups and making money off of individuals and businesses desperate to keep themselves safe.
Independent journalist Lee Fang reports:
In June 2020, in response to protests over the police killing of George Floyd, funds tied to Omidyar’s philanthropic network announced donations of $500,000 to organizations supporting the protest movement.
The Movement for Black Lives, an “abolitionist” coalition of activists seeking to eradicate public policing, was one of the recipients of Omidyar money that year. Disclosures show that the Omidyar Network provided $300,000 to the group.
