market share is the most important thing.
Paypal will hurtle without Ebay.
I think this is a wise and significant decision.
And hope Paypal could reduce rates or even chance the fees.
EBay to Spin Off PayPal
61–70 of 102 posts
Re: EBay to Spin Off PayPal
#62market share is the most important thing. Paypal will hurtle without Ebay. I think this is a wise and significant decision. And hope Paypal could reduce rates or even chance the fees.
"hurtle" might be kind of an ambiguous verb here. I think you mean that PP will take off, but hurtling usually seems to imply traveling under the influence of inertia and gravity alone.
EDIT: why have two green accounts posted the same non-idiomatic comment in a matter of minutes?
Re: EBay to Spin Off PayPal
#63Icahn is only interested in Icahn. I can't really see this as positive for anyone just because Icahn has a track record of pressuring businesses into destroying their value creating engines in order to enrich his own coffers. He's a pillager, not a builder. Why does anyone tolerate doing business with him anymore?
Re: EBay to Spin Off PayPal
#64Icahn is only interested in Icahn. I can't really see this as positive for anyone just because Icahn has a track record of pressuring businesses into destroying their value creating engines in order to enrich his own coffers. He's a pillager, not a builder. Why does anyone tolerate doing business with him anymore?
Everyone keep your eyes peeled for same thing re Value Act Capital and Microsoft.
Re: EBay to Spin Off PayPal
#65Earlier quoted context omitted.
Still, a simple escrow system on top of Bitcoin could provide the same guarantees while potentially being cheaper. It's not like Bitcoin prevents such systems from being created - on the contrary, it has mechanisms to support them.
What makes you think it would be much cheaper? I think it might have to be more expensive. The anonymity aspects of bitcoin could result in more fraudsters getting away with fraud.
The anonymity aspects of bitcoin could result in more fraudsters getting away with fraud.
Ignorance creates comments like this. Bitcoin transactions are not reversible, you have zero opportunity for fraud as a buyer.
Re: EBay to Spin Off PayPal
#66Icahn is only interested in Icahn. I can't really see this as positive for anyone just because Icahn has a track record of pressuring businesses into destroying their value creating engines in order to enrich his own coffers. He's a pillager, not a builder. Why does anyone tolerate doing business with him anymore?
Firstly, this is not an instance of a company being pillaged by an activist investor. Icahn is not assuming control of the company, he's trying to make them change direction.
Secondly, Icahn has been completely right about eBay. Andreessen functionally stole billions from eBay via a deal with one of the most egregious conflicts of interest we've seen in all of corporate America. Which, fine, it was a fuckup. Sometimes companies fuck up. But then, eBay keeps the same board of directors with the same crooks running the show. eBay needs an activist investor or else these are the guys who are going to pillage the company (even further). Not Icahn.
Re: EBay to Spin Off PayPal
#67When the going gets tough, firms call in consultants. When Bain or McKinsey arrive, they tell you to make a change. Is your firm centralized? Decentralize it! Is your firm decentralized? Centralize it. Donahoe's "master fix" and subsequent exit should give pause to industry thinking of hiring consultants to run their companies in the long-run; for as the saying goes: the apple doesn't fall far from the tree.
Hilarious and on point, but to their credit consultants look at what you are currently doing which isn't working, and suggest you do the other thing on the theory that worst case that won't work either but at least you will have tried something new.
I generally think that it is a symptom that the management isn't able to manage the business. Not everyone has the skill set to mix a tech and commerce company into a living / breathing entity.
Re: EBay to Spin Off PayPal
#68Is anyone else worried about the long term stability of Braintree under such an aggressive board environment? I was always concerned about conflicts of interest with PayPal acquiring Braintree - two competing and incompatible ways to pay with a credit card. As much as I admire Braintree engineering, and I would normally trust a board to believe in the Braintree brand of reliability, it does no good if a single unpred…
I see the opposite problem on the horizon. With the Braintree acquisition, Paypal is a lot less likely to integrate with Stripe. Braintree is going to be a worse version of Stripe, but we will use it because it will give us PayPal out of the box. It is a good time to work at Braintree.
Re: EBay to Spin Off PayPal
#69Icahn is only interested in Icahn. I can't really see this as positive for anyone just because Icahn has a track record of pressuring businesses into destroying their value creating engines in order to enrich his own coffers. He's a pillager, not a builder. Why does anyone tolerate doing business with him anymore?
Firstly, this is not an instance of a company being pillaged by an activist investor. Icahn is not assuming control of the company, he's trying to make them change direction. Secondly, Icahn has been completely right about eBay. Andreessen functionally stole billions from eBay via a deal with one of the most egregious conflicts of interest we've seen in all of corporate America. Which, fine, it was a fuckup. Sometime…
I wasn't commenting about the board of Ebay or Andreesen. they may well be pillaging assholes in their own right. that doesn't mean that Icahn isn't also a pillager. He certainly has the track record of one.
Re: EBay to Spin Off PayPal
#70When the going gets tough, firms call in consultants. When Bain or McKinsey arrive, they tell you to make a change. Is your firm centralized? Decentralize it! Is your firm decentralized? Centralize it. Donahoe's "master fix" and subsequent exit should give pause to industry thinking of hiring consultants to run their companies in the long-run; for as the saying goes: the apple doesn't fall far from the tree.
In this case it is more likely that the consultants were brought in to "independently" provide justification for something that had already been decided.