PayPal Mafia’s Levchin, Rabois, Sacks ‘sound off’ on Bloomberg West
PayPal Mafia members Max Levchin and Keith Rabois joined Bloomberg’s Emily Chang (@emilychangtv) and Cory Johnson (@CoryTV) today on Bloomberg West to discuss eBay’s plans to separate PayPal unit.
Rabois tells Chang and Johnson that PayPal missed the mark over the past decade, “PayPal has missed the last decade in the United States. Like, there’s actually literally nothing.” Levchin went on to say “[PayPal] was founded over a decade ago and there’s still a lot of the same code base that is powering those transactions underneath. And it becomes more and more scary to rewrite, to gut it, change it, and even splitting it out will not necessarily solve that problem because they’ll still be under the quarterly magnifying glass of the public investor.”
Also on today’s Bloomberg West was former PayPal COO David O. Sacks who said of today’s announcement that he was “surprised at the definitiveness.” View Here.
Also earlier in the month Peter Thiel tells Emily Chang that “PayPal was a Failure” and that Icahn “shouldn’t dictate what silicon valley Does” view Here:
source: Bloomberg West with Emily Change and Cory Johnson