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PayPal CTO Resigns

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Re: PayPal CTO Resigns

#81

Post by jdross »

justin_vanw wrote: post #29
jorgecurio wrote: post #20

Is this coincidence or what? Yelp CFO also resigned. Two executives from two different sinking ships. Paypal is getting murdered by Stripe. Yelp thought it could raise stock prices by buying traffic. Something had to give, someone has to take the blame.

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…

Groupon ($GRPN) is valued at 1.3 Billion, roughly its all time low. So I'm not sure that's the metaphor you wanted?

Re: PayPal CTO Resigns

#83

Post by VeilEm »

hammock wrote: post #74
argonaut wrote: post #68

Earlier quoted context omitted.

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.

Earnings is a lagging indicator

Reality is a lagging indicator. All this schadenfreude on HN, so much eager anticipation for bad things, why do you people read this site? There is real malicious intent among a lot of commentators. A lot of posts recently have been FUD and cheap and low quality posts to business insider and other vapid blogs.

Re: PayPal CTO Resigns

#84

Post by SixSigma »

20years wrote: post #75
grubles wrote: post #31

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

It all seriousness - allowing another mega-bubble to get created just to burst again should be prevented. This is what regulatory safeguards are supposed to prevent but like the housing bubble and financial bubble, the nefarious types always find a way to game the system. When this happens it so harmful to the little guy and all of the employees stuck in the middle.

You can't boil water without bubbles.

Re: PayPal CTO Resigns

#85

Post by [deleted] »

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?

[deleted]

Re: PayPal CTO Resigns

#86

Post by cperciva »

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…

None of those redesigns have made it to business accounts yet.

Tarsnap got the latest updated interface a few months ago. Maybe they're rolling it out to non-US businesses first?

Re: PayPal CTO Resigns

#87

Post by hinkley »

anupamsr wrote: post #62
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.

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.

Re: PayPal CTO Resigns

#88

Post by free2rhyme214 »

I switched to Google Wallet. PayPal would take forever to send money and has done nothing for years to innovate. All they do is buy startups (Braintree). I think this is entirely true - when the founders leave, companies stop innovating.

Re: PayPal CTO Resigns

#89

Post by sdenton4 »

robryan wrote: post #66
true_religion wrote: post #33

Earlier quoted context omitted.

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.

World's slowest staged rollout, perhaps?

Re: PayPal CTO Resigns

#90

Post by mrweasel »

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…

>None of those redesigns have made it to business accounts yet.

We get sort of half old, half new, depending on where you click. Neither interfaces are any good though.

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