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Re:Details emerge of surprise board coup that ousted CEO Sam... by adastra22 on Saturday November 18, 2023 @09:41PM (#38328003)
PayPal had an exit, but it absolutely did not succeed in the financial revolution it was attempting. People forget now that OG PayPal was attempting the digital financial revolution that later would be bitcoin’s raison d'être.
Re:Details emerge of surprise board coup that ousted CEO Sam... by SoftTalker on Saturday November 18, 2023 @11:30PM (#38328979)
Yep. PayPal was originally a lot like venmo (conceptually -- of course we didn't have phone apps then). It was a way for people to send each other money online.
Re:Details emerge of surprise board coup that ousted CEO Sam... by Ar-Curunir on Sunday November 19, 2023 @12:07AM (#38329262)
Good thing for PayPal that it now owns Venmo :P
Re:Details emerge of surprise board coup that ousted CEO Sam... by adastra22 on Sunday November 19, 2023 @01:30AM (#38329750)
PayPal went down the embrace, extend, extinguish route. If it were possible for them to do the same with bitcoin, they would have.
Re:Details emerge of surprise board coup that ousted CEO Sam... by wavewrangler on Sunday November 19, 2023 @02:39AM (#38330155)
I guess we are coming full circle now. Ven-who? C'mon, at least give me something catchy. Like, FriendSend. ShareFair. SettleUp. "Guys, I got it, I got it. "ven.....mo." aww, it's perfect! said one person ever, maybe. I'd even take venDuhhh, venDEEZ, venDrrr, venSure! But Venmo? Norway and hail! Do you remember venmo one asked who was in charge of naming the apps? Yes, that mem...wozMee. "They're not just any nuts, they're VenDEEZ nuts!" HhMmm, Deciduous!
Re:Details emerge of surprise board coup that ousted CEO Sam... by AlchemistCamp on Sunday November 19, 2023 @06:57AM (#38331813)
I think getting to an IPO in any form during the wreckage of the Dotcom crash counts as an impressive success, even if their vision wasn't fully realized.
Re:Details emerge of surprise board coup that ousted CEO Sam... by wolverine876 on Sunday November 19, 2023 @12:43PM (#38335299)
Dismissing PayPal as anything but an overwhelming business success takes a lot of confidence. Unless you Gates or Zuckerburg, etc., I don't know how you have anything but praise for PayPal from that perspective.

Comparing PayPal's success in digital finance to cryptocurrency's is an admission against interest, as they say in the law.