Former PayPal Exec: This Is The 'John Sculley Era' Of PayPal And It Should Break Off Of Ebay
Keith Rabois, a former PayPal exec and current venture capitalist, told Bloomberg that he thinks that eBay and PayPal are better apart.
Rabois, part of the famed group of early employees called the "PayPal Mafia," says that we're in the "John Sculley Era" of PayPal. He believes that remaining a part of eBay dramatically slows down the company's innovation.
(For those unfamiliar, Steve Jobs brought in John Sculley to provide Apple some "adult supervision," in the 80s. Sculley ended up firing Jobs two years later, and we saw what happened to Apple.)
Rabois also says that he thinks that eBay is wasting time and effort responding to all of Carl Icahn's dramatic open letters insisting that the company replace several of its board members and move towards the separation of PayPal.
"It's like that Shakespeare line," Rabois says. "The lady doth protest too much, me thinks."
He also said that eBay should ask some of the "old PayPal blood" - members of the PayPal Mafia - to join eBay's board.
Watch the full video of Rabois' interview:
- I'm an interior designer. Here are 10 things in your living room you should get rid of.
- A software engineer shares the résumé he's used since college that got him a $500,000 job at Meta — plus offers at TikTok and LinkedIn
- Higher-paid employees looking for work are having a tough time, and it could be a sign of a shift in the workplace
- Bajaj Pulsar NS400Z launched at ₹1.85 lakh, becomes cheapest 400cc bike in the country
- India, xenophobic? US President Joe Biden says India and Japan’s economy are bad because of xenophobia, compares to China and Russia
- Electric two-wheeler sales crater in April 2024 as prices increase amid reduced subsidies
- Apple clinches strong double-digit growth in India; CEO says incredibly exciting market
- Nifty hits record peak in early trade; Bajaj Finance jumps 6%