That useless company is led by a genius with a good track record and they had $138 to spend on bitcoin compatible project development. Now they saw how bitcoin is run by Greg Maxwell and they saw a disaster that cannot be used for a profitable enterprise - so they left. Along with many, many others.
The CEO of Circle, a genius? 
That is just a bad joke. I have to repeat myself here:Who are these "many many others"?
Fuck you Lauda - you are so boring.
Here are some of the many, many others: https://bitcointalk.org/index.php?topic=1026885.0 There are still further others too.