Paypal

There is a Spaniard at the top of Silicon Valley. His name is Enrique Lores and he has just become CEO of PayPal

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The Spanish manager Enrique Lores has become the new CEO of PayPal. The company has announced it in his digital press room indicating that he will take office on March 1. This is a unique appointment that consolidates Lores’ career and places him in that select group of CEOs of large technology companies. And that is precisely its mission: to make PayPal really great again. At PayPal they knew him well. In the announcement, PayPal officials highlight that Lores had already been on the board of directors for five years, which makes it clear that the appointment is not entirely a surprise. The Spanish manager replaces Alex Chriss in the position, and for the adaptation stage the company’s current CFO, Jamie Miller, will act as interim CEO. The reason. From PayPal they explain that the signing comes from an evaluation of the business and how the company is in relation to its competition. “While some progress has been made in several areas over the past two years, the pace of change and execution has not lived up to the Board’s expectations. The Board is confident that the appointment of Lores, an executive with more than three decades of experience in technology and commerce, will provide the leadership necessary to lead PayPal into its next stage.” A life at HP. Lores had been CEO of HP Inc. for more than six years, where he led a series of strategic projects. During his tenure the firm has gone beyond PC and printers to expand its services and subscriptions business, in addition to starting the commitment to integration of AI in various business areas in the signature. He was also the main leader of the split between HP and HPE. Lores has spent much of his professional life at HP, where he achieved a leading role as vice president of the imaging and printing division for EMEA in 2001. Since then he has not stopped rising positions, but his time at HP ends now. There he will be replaced as CEO by Bruce Broussard, a member of the board since 2021. Remembering the ‘PayPal mafia’. The story of the founding and early years of PayPal is fascinating and an example of disruption. Among its founders are Elon Musk and Peter Thielbut in that team there were people who have ended up being the germ of a good part of the “internet 2.0”. He famous ‘PayPal Mafia’ phenomenon tells how after the purchase by eBay several members of the original team left the company to create their own projects. And among those projects are YouTube, LinkedIn or Yelp. PayPal continued to grow, without a doubt, but for today’s Internet what happened to it before the eBay purchase was more relevant than what happened after. difficult times. After separating from eBay in July 2015, PayPal carried out some strategic operations such as (the controversy) Honey in 2020. The pandemic caused e-commerce to skyrocket, which benefited it, and in October 2020 the company took a historic turn by allowing the purchase and sale of cryptocurrencies. The end of confinement and the rise in rates caused a stagnation and then a fall in its assets, and competition from Apple Pay or Shopify eroded its market share in the traditional payment button market. An increasingly fragmented market. Apple and Google have managed to impose their payment solutions thanks to their competitive advantage, but PayPal has also been overtaken by Strupe, which won over developers with a cleaner and more flexible API. In Spain, for example, the use of Bizum has cannibalized that of PayPal (the same with Mercado Pago in Latin America) for payments between individuals, and PayPal’s commission structure is complex and does not help to earn money and recover the relevance of the past. Quite a challenge for Enrique Lores. Thus, the Spanish manager faces a truly formidable challenge. PayPal is still a big tech company, but its current market capitalization (39,830 million dollars), even though it is greater than that of HP (17,750) is very far from the true “Big Tech”. In fact it is the company number 620 by market capitalization according to CompaniesMarketCap. It will be interesting to see what measures Lores takes to boost the business of one of Silicon Valley’s legendary companies. In Xataka | The highest paid Spanish manager in the world does not work in a large technology company: he sells “sugar water”

How to get this promotion for PayPal users

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If you are a paypal user and have never been a paid user Perplexitythen I have good news for you. Because you can Get a free year of perplexity prothe payment subscription of this AI valued at 200 euros. This is an AI that offers a very interesting and functional product that we liked from the beginningand that a hole has been made in the sector. The best thing about your free version is that, in addition to your own models, It gives you access to other third -party modelsas GPT-5Gemini 2-5 Pro, Grok 4 or Claude Opus 4.1. Come on, it is a whole in one. Conditions of this promotion To be able to opt for this promotion You must meet two main conditions. Basically, it is summarized that you are a new pro user and that your paypal is not new. Are the following: You should never have been subscribed before to Perplexity Pro with your account. Your PayPal account must have been created before September 1, 2025. Otherwise, you have to wait 30 days. You have to go to a concrete page to subscribe. The offer is valid until December 31. How to get the offer To access this promotion, you have to enter perplexity.ai/join/p/paypal-subscription. Within the link you will go to a screen with the promo, and you have to click on Claim 12 months of Perplexity Pro That will appear inside. This will take you to a screen where you have to connect your PayPal account. Here, click on PayPal That appears inside, and follow the steps to accept this service as a payment method. And that’s it. Now you will go to a summary screen, where you have to click on Accept offer That appears in blue and ready, your account will be pro. Then, you have to remember to cancel your subscription in the event that you do not want you not to charge you 20 euros a month, although you may also end up liking you. In Xataka Basics | 22 useful and not so well -known free artificial intelligence tools

This is how the ‘Paypal Mafia’ became the largest quarry of Tech millionaires in our era. That and much more in 1×13 crossover

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Elon Musk was already obsessed with the letter X a long time ago. Her particular fixation with her has a lot to do with nostalgia And with a 1999 waitressbut the truth is that this letter was already the germ of something very big. In fact, in March 1999 We had a first version of X.com. It was very different, and Musk’s goal was not to change Twitter’s name – which did not exist at that time – but to create a financial startup. The funny thing is that the offices of X.com were glued to those of Confinity, the company co -founded by Peter Thiel with a similar objective. After a while competing, both decided that it was best to join forces, and from that alliance PayPal was born. That at first he did not curb, but that he ended up doing it with some “thugs” techniques and with the work of one of the teams with the greatest talent in history. Those boys, yes, soon realized that they wanted to be their own bosses. When Ebay bought PayPal in 2002the mission, leadership and objectives no longer convinced those engineers. So they decided to ride it on their own. AND This is how the famous “Paypal Mafia” was borna group of entrepreneurs who fled from PayPal with counting and sound money and who used it to found their own projects. Thiel set up his Founders Fund and Palantir, Elon Musk launched Tesla or Spacex, and other employees ended up joining each other or founding their own mega projects: YouTube, LinkedIn or Yelp are among them. The conclusion: Paypal was the germ of an entire Internet revolutionbecause these services began to change our conception of the network of networks. That is the central theme of Crossover 1×13an episode that is always led by Jaume Lahoz and Carlos Santa Engracia and that brings a few fun sections. We have images generated by the converted into videos and “plausible technological lies” that will surely generate debate. We hope you enjoy it! On YouTube | Crossover

The amazing story of the Paypal Mafia, weddings with AI and much more in Crossover 1×12

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Many of the great technology companies that we currently know (and its founders) have a common origin: PayPal. Elon Musk, founder/co -founder of OpenAi, Spacex, Neuralink and owner of x; Pether Thiel, president of Palantir and first Facebook external investor; Reid Hoffman, Founder of LinkedIn or Steve Chen, Chad Hurley and Jawed Karim, who They founded YouTubeThey are just some of the key names. This group is known as PayPal Magic And its history is most curious, as curious are weddings and Relations with artificial intelligence How much noise are doing recently. Or the fact that an ancient technology as old, as are the infrared sensors, continue not only live and place, but being a very important piece of day to day. All this and much more we debate it in the New Crossover episodealready available on YouTube. Jaume Lahoz and Carlos Santa Engracia return to the controls of this scheduled where some guests will accompany us and, small spoiler, a new face. During the program there is also space for cars. In this case we talk about OMODA 5 EV And we know better the technology that runs through their veins. From the hand of Javier Pastor we talk about that mysterious device on which they are working, in principle, Jony Ive and Sam Altman of which we only know that it is not a wearable. We hope you like it! On YouTube | Crossover

Years ago the “Paypal Mafia” redefined our vision of the Internet. Today the “OpenAi Mafia” points to the same with the AI

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When Ebay bought PayPal In 2002 for 1.5 billion dollars, there was an internal earthquake. In the four years following the acquisition, only 12 of the company’s original employees were left. Paypal was a boiling talent, Entrepreneurship And brilliant people, and who “Ebay escaped” They ended up redefining the technological world. Now we are attending a similar phenomenon, but with another company: OpenAi. PayPal Mafia. This was baptized by the group of bright ex -employed PayPal who left the company to found your own startups. These projects ended up becoming true business and technological successes, and showed that in PayPal there was a lot of talent waiting for their own opportunity to undertake. The most outstanding examples of that mafia Paypal already make clear the dimension of that phenomenon: Elon Musk: The clearest example of how far the members of the PayPal Mafia arrived. He founded or co -founded SpacexOpenAi, Neuralinkand The Boring Company, in addition to buying a majority participation in Tesla and Acquire Twitter (Now x). Peterthiel: is the president of Palantirhe created the Founders Fund Investment Fund – which would later attract former partners like Ken Howery or Luke Nosek – and was the first Facebook external investor. Steve Chen, Chad Hurley and Jawed Karim: these three former PayPal employees YouTube co -founded Reid Hoffman: He founded LinkedIn Russel Simmons and Jeremy Stoppelman: Yelp co -founded Yishan Wong: He worked on Facebook and became CEO of Reddit for a season David O. Sacks: Founded Geni.com and Yammer They redefined the Internet. These engineers and entrepreneurs were a fundamental part of the transition to an internet focused on consumers, something surprising especially after the bubble of the Puntocom in 2001. Rarely in history there has been a phenomenon in former employees of the same company end up creating one or several companies even more successful than the one they left, but there is a previously relevant previous example. The eight traitors. In 1957 eight engineers, fed up with his boss in Seticonductor Laboratory Shockley, decided to lite the blanket and create their own semiconductor company. They called her Fairchild Semiconductor Corp, and those employees They went down in history like the eight traitors. Fairchild had a huge success, but ten years later his engineers also looked for new roads. Three of them –Gordon MooreRobert Noyce and Andy Grove – ended up joining in 1968 to create a legendary company: Intel. The other Paypal Mafia is the OpenAi mafia. Those phenomena seem to be now having a new iteration, but this time the company of which all this new movement is starting is OpenAi. This company has become absolute reference in the field of AI, but on the way to achieve this there has been a true internal war and many conflicts between several of the engineers and their CEO, Sam Altman. Those internal tensions were the ones caused the dismissal and later return to the company of Altman In November 2023, but the company was not the same since then. OPENAI MAFIA members. Actually the divisions that occurred in Openai began very soon, almost shortly after the startup were formed. In fact, the first member of that “Openai Mafia” was also from the Paypal Mafia: It is none other than Elon Musk. It is a clear example, but not the only one, and the members of that OpenAi mafia are the following: Elon Musk: OpenAi co -founder that ended declaring war on the company and Sam Altman. Co -founded XAI Dario and Daniela Amodei: these brothers co -founded Anthropicthe company that develops the family of Ia Claude models. John Schulman: After being one of Openai’s main researchers, he left the company to join Anthropic. Others former investigators and engineers Openai like Tom Brown, Jared Kaplan, or Sam McCandlish also joined the company later. Jan Leike: This researcher who worked in Deepmind and OpenAi He left this company and joined Anthropic in May 2024. His work focuses on the development of a “safe” (“super -align”) and scalable. Ilya Sutskever: Openai co -founded and it was her Chief Scientist, but in 2024 left the company To create your own startup, Safe Superintelligence. Look Murati: Openai’s exco also decided leave the company something after Sutskever, and just Create Thinking Machinesanother startup of AI. Bob McGrew, who also left Openai recently, have joined that project. Josh Tobin and Vicki Cheung: These engineers also came out of Openai to found Gantry, another startup of ia. David Luan: After being one of the top engineering responsible for OpenAi, he ended up co -founding Adept AI Labs. Andrej Karpahty: After working on Tesla’s autonomous driving systems and then in OpenAi, this expert and disseminator ended up founding Eureka Labs. Many promises, few realities. The fundamental difference between these two “mafias” is that while in the PayPal Mafia those companies that founded its creators were absolute balls, the situation of those startups that Openai exingenier have created is an absolute unknown. Safe Superintelligence Ya raised 1,000 million dollars in 2024 and it is rumored that Thinking Machines soon It will lift 2 billion of dollars. None of them have launched any product for the moment, and in these new companies there is a lot of expectation – and, talent is supposed – but little else. The future will say whether the impact of these former OpenAi employees is comparable to that of PayPal’s ex -employees. Image | OpenAI In Xataka | There are more and more billionaires putting their money in human rejuvenation: the last Sam Altman

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