Being sued by PayPal for stealing technology [bbc.co.uk...]
Like Paypal had an original idea here, everyone is trying to crack this nut.
um negotiating for months breaking off the negotiations then immediately hiring the main guy you have been negotiating with who then headhunts a team from his old employer and your surprised ?
Is Googles GC (General Counsul) and HR team totaly incompetent or what :-)
|http://www.thepaypalblog.com/2011/01/changes-in-the-paypal-platform-team/ First, we are saying goodbye to Osama Bedier. After eight years at PayPal, heís decided to make a change, taking on a new role at Google. Osama helped open our platform to the world two years ago and thatís driving great innovation and momentum. I want to personally thank Osama for his friendship and leadership. |
Wow, so Osama worked at Paypal for 8 years, went to Google in January 2011 and via!
I know Google did bad, but others are working on the same thing so while Paypal is busy suing Google others are out taking their business away.
|I know Google did bad, but others are working on the same thing so while Paypal is busy suing Google others are out taking their business away. |
Pretty sure PayPal isn't halting innovation because they decided to sue someone. They have more than three people working there.
Google is their biggest competitor for the future. They would be stupid not to sue Google when it's blatantly obvious business secrets were shared. What I don't understand is why PayPal didn't have a clause that you weren't allowed to work in a similar field X years after you leave the company on your own terms. Many companies do this.
remember googs failed 1st shot at paypal? goog checkout hahaah
|Google is their biggest competitor for the future. |
I don't buy that because the CC companies, Apple or even Amazon could move aggressively in this space, or something new like the Square, and leave Paypal sitting in the dust. True that Google will be a competitor, but neither them nor Paypal own the mobile payment space yet, it's a toss up for sure.
There is enough room in the marketplace for both these guys.
Checks on Google are always a good thing.
|The complaint alleges Google lured away PayPal executive Osama Bedier earlier this year to obtain trade secrets that are now being used in Google's phone-as-a-wallet service. |
"Don't be evil." ::rolls eyes::
|Checks on Google are always a good thing. |
Perhaps but these suits are getting out of hand.
Check out this infographic of who is suing who.
It is ridiculous. When I see things like this I really regret not becoming a lawyer, no matter how things turn out they make their money.