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PayPal CTO Resigns

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Re: PayPal CTO Resigns

#61

Post by orblivion »

ditonal wrote: post #52
[deleted] wrote: post #49

Earlier quoted context omitted.

[deleted]

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 the…

As you see it, if (hypothetically) an industry lasts for five years, and then collapses due to none of its promises coming to fruition, was it in fact a bubble the whole time? Would people have been wrong for calling it out the whole time, even if it took five years to happen?

Whether or not this describes Silicon Valley is a further question, but it sounds like based on your standard, you wouldn't give credit to a naysayer even if it did.

Re: PayPal CTO Resigns

#62

Post by anupamsr »

dangrossman wrote: post #18

PayPal'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…

The thing is, PayPal code is a mess. And it is a mess that responds well to resources being thrown at it. For as long as PayPal keeps seeing growth, nobody wants to fix that mess.

Internally it really works like a bank - there are a couple of dev teams that are always under time crunch and rest of the company is basically busy politicking over the pie.

Re: PayPal CTO Resigns

#65

Post by nowarninglabel »

jusben1369 wrote: post #42

The 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?

I can at least agree that it varies greatly company to company. I've got some blog posts lined up relating to being a CTO, but it really is a varied position, and interchangeable with being a VP of Engineering.

Re: PayPal CTO Resigns

#66

Post by robryan »

true_religion wrote: post #33
dangrossman wrote: post #18

PayPal'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…

Hm, that's odd. I have a Paypal business account and I've been seeing the new layout for at least a year now. Are you using PayPal pro? I'm not, since AFAIK the only difference is the website redirect + accepting the full credit card information. You can take payments in person without having a Paypal Pro account, just their swiper reader.

There is definitely a split, one of our newer accounts has a new interface but the older ones don't. Not sure if it is age or location causing it.

Re: PayPal CTO Resigns

#67

Post by pbreit »

metasean wrote: post #19
meritt wrote: post #14

Zenefits just canned their CEO (ironically, over a benefits dispute), while their COO steps up to take over that role. Maybe James is leaving Paypal to become COO of Zenefits?

Definitely related, from http://venturebeat.com/2016/02/08/zenefits-ceo-parker-conrad... / https://news.ycombinator.com/item?id=11061992 >Also today, Zenefits announced that venture capitalist and PayPal cofounder Peter Thiel has joined the startup’s board of directors. In addition to relinquishing his role as chief executive, Conrad has also given up his board seat.

Definitely not related. David Sacks and Peter Thiel are best friends from college.

Re: PayPal CTO Resigns

#68

Post by argonaut »

grubles wrote: post #31

"Pop." https://twitter.com/djcapelis/status/696869166960095232

Except that PayPal posted a strong earnings report in Q4 2015 (http://techcrunch.com/2016/01/27/paypal-shares-up-on-earning...). So this is just a coincidence of timing (new year, etc.).

My point is, I seriously doubt the CTO was forced out or left because he thought his stock was worthless. He is most likely leaving for any of the million other reasons people leave companies every day.

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