| :: |
| Author |
Message |
elgato
Joined: 24 Feb 2005
Posts: 17240
Location: Texas
|
| Posted: Thu Nov 17, 2011 10:25 am Post subject: The Worst Tech Decision in the Last 10 years: Selling PayPal |
|
|
Anytime you go back and look at history and assess a dumb decision, you open yourself up to criticism that “hindsight is 20/20.” That’s true. But it’s still helpful to assess these choices and hopefully learn a little bit from them.
For me, the dumbest tech decision of the last decade sticks out clearly. Yet, I can’t honestly say that I wouldn’t have also made the same stupid choice.
Ladies and gentleman, the most ridiculous tech decision in the last 10 years was when PayPal agreed to be acquired by eBay (EBAY) for $1.5 billion in July 2002.
PayPal had gone public earlier in 2002 at a $1.2 billion valuation, despite having a revenue run rate at the time they were bought of $160 million and losses of $80 million.
http://www.forbes.com/sites/ericjackson/2011/11/16/the-worst-tech-decision-in-the-last-10-years-selling-paypal/?partner=yahootix |
|
| Back to top |
|
seewhatimsellingnow
Joined: 29 Feb 2008
Posts: 1254
Location: Ohio
|
| Posted: Thu Nov 17, 2011 5:12 pm Post subject: |
|
|
| Ebay slithers through the Internet like a snake- grabbing up everything worthwhile in sight. |
|
| Back to top |
|
elpereles
Joined: 15 Dec 2006
Posts: 1478
Location: Puerto Rico
|
| Posted: Thu Nov 17, 2011 8:05 pm Post subject: Re: The Worst Tech Decision in the Last 10 years: Selling Pa |
|
|
I like the answer #4 for the "Why?" questions. It is true non of that 2 companies in 10 year made nothing new. I remember read some months something about that one card company wants to face Paypal, but no more comments.
The fact is that PayPal grew because it becomes the default payment method of a marketplace. After its popularity the rest of the selling sites added it. |
|
| Back to top |
|
pie4himm
Joined: 21 Mar 2007
Posts: 407
|
| Posted: Fri Nov 18, 2011 12:49 am Post subject: |
|
|
| Dwolla will give everybody a scare, and run for the money, credit card companies and paypal alike should be nervous about this upstart out of Iowa.. |
|
| Back to top |
|
elpereles
Joined: 15 Dec 2006
Posts: 1478
Location: Puerto Rico
|
| Posted: Sat Nov 19, 2011 12:34 am Post subject: Re: The Worst Tech Decision in the Last 10 years: Selling Pa |
|
|
Right now the only method that can give you a great potential to become the next Paypal. If the payment method become default in the e-Commerce sites or Gaming Business, gain popularity (easy to use), and expand everywhere (support for every buyer/seller/site in the world).
I was reading news about "V.me", but it looks line another Google Checkout. Everybody calling it "competence/alternative to PP", but not fees and support details about it. :roll: |
|
| Back to top |
|
| |
