Tell HN: An update from the new Tindie team
The new Tindie team has faced criticism for a lack of transparency regarding their ownership and operations. Concerns have been raised about the legitimacy of their registered address, which appears to be an empty plot of land. Additionally, many sellers are unable to access their funds, raising legal and ethical questions about the company's practices.
- ▪The new owners of Tindie are associated with a shell corporation linked to an existing company in China.
- ▪Sellers have been unable to withdraw their funds, leading to frustration and potential legal issues.
- ▪The registered address for the company is an empty lot, which raises concerns about compliance with U.S. laws.
Opening excerpt (first ~120 words) tap to expand
> “It was decided”Ah yes, definitely the language of an organization that totally wants to communicate with candor.Also zero information about the new owners other than the name of a shell corp associated with an existing "EETree" company in Jiangsu, China that gets (mis?)represented as “a Washington State company”. Much honest, such wow. Sure, there's technically an LLC in Washington, but that's like calling pre-2020 Google "a Bermuda company" (which, tbf, is what Google did to avoid taxes via their Irish ~~subsidiary~~ "parent" company).And still no information, remarks, or even acknowledgement for all the tindie sellers who’ve been unable to withdraw their funds.The address listed at https://ccfs.sos.wa.gov/ ( 1475 NW SWENSON CT, POULSBO, WA, 98370 ) is shown on Google Maps as just…
Excerpt limited to ~120 words for fair-use compliance. The full article is at Ycombinator.