Earlier quoted context omitted.
I assumed people would be drawing this conclusion when I saw the top 3 threads right now. How do we know that is the case and not just statistical anomaly, though?
That was just a joke, for now. The idea that we're in a bubble on the cusp of collapse has been building over the past year, spiking when the feds raised interest rates, but there's no concrete evidence of a bubble popping. Yet. Get worried when we see (multiple) high-level execs also resigning from Facebook/Twitter/etc. Especially if it's of their own accord...
PayPal CTO Resigns
51–60 of 132 posts
Re: PayPal CTO Resigns
#52Earlier quoted context omitted.
Have you figured out why some people gloat over it?
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Correction: people haven't been calling a bubble for the last year, it's been for the last 5 years:
https://news.ycombinator.com/item?id=2231352
So the majority of people called a tech bubble, unlike your claim that most people are "permabulls", and then there was a period of great growth and prosperity. There have been plenty of people predicting gloom and doom to happen before now and none of them are admitting they were wrong. So basically it's gone down exactly the opposite as you've described.
Eventually, the naysayers will, to an extent, be right. But it's ridiculous to act like financial market movements are obvious and we should all predict it perfectly. It's even ridiculous to act like a few resignations is indicative of a bubble popping. The strongest evidence that a bubble does not exist is all these weaker companies struggling, because in an actual bubble they would be propped up by the relentless speculation. Yet people point to failed companies as proof there's a bubble, even while many tech companies are doing great.
Either way, financial markets are very difficult to predict, unless you count predicting the same direction for years and waiting for it to be right. So stop acting like it's easy and obvious. If you really feel so strongly, put your net worth into shorting tech stocks and make a ton of money.
Re: PayPal CTO Resigns
#53Re: PayPal CTO Resigns
#54PayPal's redesigned their UI two or three times in the past decade or so. None of those redesigns have made it to business accounts yet. I still log in and see the same site I did in the early 2000s. I really, really understand that their business is enormously complex, operating in hundreds of different markets, but... you'd think some of the improvements would trickle down eventually . It's a real challenge for the…
My biggest pain: It is 2016 but we still have to log into PayPal to cancel subscriptions manually when someone requests to downgrade their account. API does not support it because our subscription numbers start with "S-" which seems to happen with old PayPal accounts.
Re: PayPal CTO Resigns
#55PayPal had good earnings last quarter ( http://techcrunch.com/2016/01/27/paypal-shares-up-on-earning... ), so bad performance may not be the reason.
He was CTO, why would infrastructure guy ever be held responsible for poor overall performance? It's not rocket science, nor F1 team
CTO can also be a product person, or at the very least they should be tightly integrated into the product development lifecycle.
A CTO that is just an "infrastructure guy" is not a CTO by any measure I've seen.
ALL C-level's are responsible for company results.
Re: PayPal CTO Resigns
#56Earlier quoted context omitted.
> I have to log in twice to get logged in. I've had to log in twice for months as well. I can't comprehend their leaving something so basic broken this long. > And, lastly, since I see you have a few disputes/chargebacks...their chargeback handling process is horrid. I have no beef with their chargeback handling myself. It's something more ridiculous actually. Those 5 "open cases" are cases I opened against a hosting…
Have you ever worked that has technology lasting more than ten years? There is probably a backlog of 1,000 bugs that all of the developers would love to fix, but they're nasty edge cases in legacy code and would require a major refactor and we have plans on building a full replacement, but product has this new initiative first and...
The "you have to log in twice" thing though?
https://www.paypal-community.com/t5/About-Business/I-m-being...
It's not an edge case.
Re: PayPal CTO Resigns
#57Tomorrow's top post: Zenefits CEO, Yelp CFO, PayPal CTO team up to Big Data the Internet of Things
Yelp CFO just resigned. What's going on?
A lot of companies need scapegoats this quarter. I would imagine a lot of envelopes are being stuffed today - http://www.design.caltech.edu/erik/Misc/Prepare_3_Envelopes....
Re: PayPal CTO Resigns
#58Earlier quoted context omitted.
I assumed people would be drawing this conclusion when I saw the top 3 threads right now. How do we know that is the case and not just statistical anomaly, though?
That was just a joke, for now. The idea that we're in a bubble on the cusp of collapse has been building over the past year, spiking when the feds raised interest rates, but there's no concrete evidence of a bubble popping. Yet. Get worried when we see (multiple) high-level execs also resigning from Facebook/Twitter/etc. Especially if it's of their own accord...
Multiple high-level execs left Twitter about two weeks ago - four at once.
http://recode.net/2016/01/24/twitter-ceo-jack-dorsey-confirm...
Re: PayPal CTO Resigns
#59He was pro "Old Money"
Re: PayPal CTO Resigns
#60The role of CTO varies so greatly from company to compan . Some are hands on making major decisions. Others are almost academic; looking 18+ months out and responsible for understanding big trends et . Not sure which is the case here. Does anyone know?
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