Earlier quoted context omitted.
Am I very dense or is this a reference to the tech bubble?
I guess that's the reference but it doesn't make any sense.
You might argue that it's wrong but I think the sense of it is obvious.
PayPal CTO Resigns
121–130 of 132 posts
Re: PayPal CTO Resigns
#122Earlier quoted context omitted.
In the first down market Stripe will no longer exist. They are losing money at an incredible rate and no where near profitable. They are losing money at a rate of about $100MM per year, and having to raise the same. Perhaps they can make it to IPO, but even at a 3.5B valuation, they have to find profitability very quickly, a 3.5B market cap can turn into a $250M market cap very quickly, just ask GroupOn. When you are…
> They are losing money at an incredible rate and no where near profitable. They are losing money at a rate of about $100MM per year, and having to raise the same. Do you have a citation for that? I couldn't find anything when I tried searching.
Indeed. A lot of people reading HN surely have some sort of business interest that uses Stripe, so if they are really in such a fragile position then that would be a significant risk for many here. And yet this is the first suggestion I've seen of it at all, never mind the huge burn rate claimed.
Re: PayPal CTO Resigns
#123Oh, finally. For a couple years, I can't pass authentication of PayPal on my iPhone no matter how I tried. While almost all the credit card and banks are now using fingerprint on iPhone, I need a hardware token device to really get in PayPal on iPhone. According to the rep the logic is I can use my phone number to receive 2 factor text code, then why advertised it.
The new web has been continued puzzled me often prompt to go back to old UI for more details. This is in 2015, decades after online banking started and PayPal is not a government agency. However you put it, it doesn't add up.
Re: PayPal CTO Resigns
#124Oh, finally. For a couple years, I can't pass authentication of PayPal on my iPhone no matter how I tried. While almost all the credit card and banks are now using fingerprint on iPhone, I need a hardware token device to really get in PayPal on iPhone. According to the rep the logic is I can use my phone number to receive 2 factor text code, then why advertised it. The new web has been continued puzzled me often prom…
In my case using SMS for 2FA only works within their new interface. Whenever an online shop is redirecting to PayPal, it's the old login page (and doesn't notice when already logged in on PayPal), so I basically never receive 2FA codes in that step.
Not sure if just broken or they are using a different SMS gateway that has a problem with my country. It also doesn't really help that 2FA is still only known as hardware tokens within their documentation. It doesn't raise any trust for the PayPal website either.
Re: PayPal CTO Resigns
#125About that Paypal stability... https://i.imgur.com/PCkXnQu.png
Re: PayPal CTO Resigns
#126Earlier quoted context omitted.
Yes but when would _that_ happen? Growth will slow down when: 1) Either they have captured almost all of the market 2) Or they have a better competitor which washes them away Iff (1) happens, they will not go under as they will a 'large' bank and will most likely be 'too big to fail'. And I don't think (2) is happening fast enough.
2) I imagine this is what the politicking people are supposed to work on to gain an interest in the competition.
Like a bank :)
Re: PayPal CTO Resigns
#127Earlier quoted context omitted.
And when that growth stops, it's too late to fix the problems. If you can keep things teetering along for a couple more years you can get a few bonuses cash out and leave before it all falls over. It's the same story everywhere. I wish that it weren't.
Yes but when would _that_ happen? Growth will slow down when: 1) Either they have captured almost all of the market 2) Or they have a better competitor which washes them away Iff (1) happens, they will not go under as they will a 'large' bank and will most likely be 'too big to fail'. And I don't think (2) is happening fast enough.
When your code is so brittle that you can't widen your target audience, you can't keep growing.
And it's not like there aren't plenty of examples of products that have enough competition that they grow the market but never saturate it.
Re: PayPal CTO Resigns
#128PayPal'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…
Tangentally, does anyone know how to show a running balance in PayPal, similar to a bank statement. I can get a list of transactions, but there doesn't seem to be a 'Balance' column, and it's not obvious which transactions affect the balance.
No. You'd have to roll your own using nvp TransactionSearch api with BalanceAffecting transaction. Also you'd have to do currency conversions on your own
Re: PayPal CTO Resigns
#129PayPal'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…
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Re: PayPal CTO Resigns
#130PayPal'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…
[deleted]