Cash App founder Bob Lee dies, the founder of Cash App, a popular smartphone-based payment app, has died after being fatally stabbed in San Francisco. Lee, who was also the former Chief Technology Officer at Square, was found unconscious in the Rincon Hill neighbourhood with two stab wounds to his chest. He was treated but later died in the hospital.
Cash App founder Bob Lee dies
Lee’s father confirmed his son’s death and paid tribute to him on Facebook, stating, “I just lost my best friend, my son Bob Lee when he lost his life on In the wee hours of Tuesday morning, on a street in San Francisco
Cash App Founder Bob Lee Ds death has prompted renewed criticism of violent crime in San Francisco, which has been experiencing a wave of violent crime in recent years.
Recent crime statistics indicate that San Francisco is among the most hazardous cities in the United States. The residents living there, according to the Hoover Institution, a policy research think tank, San Francisco had a 1-in-16 chance of being a victim of property or violent crime each year in 2021. This makes the city more dangerous than 98% of US cities.
San Francisco Mayor London Breed has sought to assure residents that the city is prioritizing public safety. In a statement, she described the killing of Bob Lee as a terrible tragedy. San Francisco officials have been criticized for their response to the surge in violent crime.
According to Forbes, Cash App is a payment app for smartphones that enables person-to-person money transfers and has a value of $40 billion (£32 billion).
Since its launch in 2013, the app’s user base has increased exponentially, reaching seven million monthly active users in 2017 and rising to 30 million in 2020. Bob Lee, who passed away, was the chief product officer of MobileCoin, a cryptocurrency company, at the time of his death.
Lee’s death has prompted an outpouring of tributes from the tech community. “He was a generous decent human being who didn’t deserve to be killed,” said Bill Barhydt, CEO of Abra, a cryptocurrency company, on Twitter, noting that Lee was also a father.
Elon Musk Says
Elon Musk, the CEO of Tesla and Twitter, commented on the tributes to Lee by stating that violent crime in San Francisco is terrible and even if the attackers are apprehended, they are frequently released right away.
The San Francisco Police Department has not yet identified any suspect in connection with the stabbing of Bob Lee. No one has been arrested yet as the investigation is ongoing. San Francisco district attorney Brooke Jenkins tweeted a tip line number and emphasized that the city does not tolerate such violent crimes.