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PayPal says Google stole its ideas and sues - Is it Karma ?

by bobsilber
40 replies
PayPal says Google stole its ideas for a new service that is trying to turn smartphones into digital wallets. The complaint alleges Google lured away PayPal executive Osama Bedier earlier this year to obtain trade secrets that are now being used by Google. You can read more of the story if you Click Here

Is this Karma coming back to Paypal for its deeds ?
#google #ideas #paypal #stole #sues
  • Profile picture of the author Jeremy Banks
    Hey, that's what happens when two business giants collide, and I am sure something similar will happen again!
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  • Profile picture of the author CPA Andrew
    They finally found some competition that wont back down.
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  • Profile picture of the author seosuperstar2014
    Love you Google, Paypal sucks...
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  • Profile picture of the author JamesGw
    Sucks for paypal.
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  • Profile picture of the author brandony
    I guess that's one guy who probably should have received a raise prior to being lured away. Pay them what they're worth. Hah
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  • Profile picture of the author Rod Cortez
    This is very interesting and I'm watching it closely:

    PayPal Lawsuit Against Google Reveals Recruiting Saga And A Deal Gone Sour

    Here's a snippet of the article that sums it up pretty well:

    "The lawsuit reveals that Google was negotiatiating with PayPal for two years to power payments on mobile devices. But just as the deal was about to be signed, Google backed off and instead hired the PayPal executive negotiating the deal—Bedier. The lawsuit lays out the sequence of events:
    By 2010, the executive in charge of the negotiations for PayPal was Osama Bedier. The executive in charge of the negotiations for Google was Andy Rubin. PayPal and Google had a deal finalized and signature-ready on October 26, 2010. By that time, unknown to PayPal, Bedier had just finished a series of job interviews with Google senior executives, culminating with a meeting on October 21 between Bedier, Google Senior Vice President Jonathan Rosenberg, and then-President of Google Larry Page.
    Though Google’s leadership had directed negotiations toward the October 26 finalization months earlier, it now balked when presented with the very deal they had requested. The companies had a term sheet, a two phase roll-out with dates, and all other details nailed down. But, in the interim, Google’s leadership had interviewed Bedier, Rather than inking the October 26 deal, Google instead at the last minute professed a shift in mindset on the entire structure of the deal."
    Something like this with a lot of subtle nuances can go on for years. I'm wondering who will come out on top?

    RoD
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  • Profile picture of the author sbucciarel
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    Yeah ... I saw that article. Sounds like Paypal is a little worried about Google's new thing.
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  • Profile picture of the author Robert M Gouge
    Dunt dunt dunt.....another one bites the dust.



    Google's plan for world domination and complete control over the internet is moving along nicely with the acquisition of this new employee.
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    • Profile picture of the author Kay King
      I just saw this on the news. My first thought:

      Battle of the Titans - Internet Version
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  • Profile picture of the author cheekugames
    Google's actions are becoming more and more dubious with each day,first they wanted to buy groupon , when rejected they started google offer, now they stole paypal idea's , if we sit back and look at what google has achieved realistically , it is google search that has worked all other google products have failed to make any sort of impact... so if some alternate search engine with equally good quality results comes up google could be toast...
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  • Profile picture of the author Bradley J Anderson
    If "the executive in charge of the negotiations for PayPal was Osama Bedier", then how in the world does he get to take the technology with him? He's not the owner; he's just a negotiator.

    Surely Paypal is smart enough to have ranking employee's sign non-compete agreements, anyway, I would think. Maybe Google thinks the technology is valuable enough to make it worth paying the money?

    If Paypal didn't bother to get all the copyrights and trademarks before beginning negotiations with anyone, though, then it's their own fault, anyway.
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    • Profile picture of the author kindsvater
      Originally Posted by Bradley J Anderson View Post

      Surely Paypal is smart enough to have ranking employee's sign non-compete agreements
      Employee non-compete agreements are illegal and not enforceable in California.

      Let me expand on that as it can affect some Warriors. The topic is one of my specialties.

      Unlike other states, non-compete agreements are not enforceable in California. Really doesn't matter where they were signed. Once the employee sets foot in California the Golden State protects employees per law and a public policy of wanting employers to be able to hire the best talent.

      As one judge said in a case I had in San Francisco, a valid out-of-state non-compete, and even an injunction order from a court in that other state enforcing the non-compete nationwide, stop at the California border.

      The effect is Silicon Valley can raid talent from all over the world. Elsewhere, employees may be stuck because of a non-compete.

      While an employee is free to leave eBay (PayPal) for Google, that does not mean they can take and use confidential or trade secret information. It is not a copyright or trademark issue as mentioned in a prior post.

      One of the difficult and interesting issues that arise in cases like this is proving trade secrets were taken. It means eBay has to divulge their private information. It means Google has to divulge their information.

      In another case I had there was a court order that extremely sensitive information from the parties could only be divulged to the opposing attorneys. We could not let our clients know about it. Made life very interesting. Another reason why these cases often quickly settle.

      .
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      • Profile picture of the author Kirk Ward
        Originally Posted by kindsvater View Post

        Employee non-compete agreements are illegal and not enforceable in California.
        That may be the case, but theft of trade secrets is most certainly a crime in every state in the union. Especially in the intellectual Property heavy state of California. And, the victim not only has redress in civil court, but they can also file criminal charges against all of the aggressor parties.

        In other words, it's going to be a fun thing to watch, and there are going to be nuances split and hairs knotted.
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  • Profile picture of the author rekerlolz
    Google > PayPal
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  • Profile picture of the author Robert M Gouge
    I see what google is trying to do with all their work. I don't blame them. But it is really scary that with the power google has, they are slowly trying to be a one stop shop for all things internet.

    They basically already have a monopoly on search traffic. He who controls the traffic makes the rules. I'm not one to rejoice at anothers failures, but any competition to google on any front is good in my opinion.
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  • Profile picture of the author Fernando Veloso
    Well...

    Some of you guys it's OK to start negotiations with a company to achieve goal X, negotiate with them for 2 years, and all of a sudden, drop negotiations, BUY OFF the guy doing all the negotiations (the one guy that obviously has ALL the inside info) and start your own version of the deal.

    Quite revealing. Bet this is going to be an amusing thread.
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  • Profile picture of the author Aubaine
    I actually read an article about this months ago on Business Weekly. BW was comparing the abilities of these two companies and whom was be better placed to succeed in this market. Google has control of nice chunk of the platform that the digital wallet would be based on, Paypal simply has no shot. Google can push this technology through their Droids and have it come standard on these phones, giving them a massive advantage.

    And as far as stealing the idea, Apple was talking about creating an app that would accomplish this task for the iPhone about 10 months ago, this is not a new idea by any means. Granted, Google may have been a bit shady in the way they received information, but unfortunately it seems like that's the American corporate climate now... :\
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    • Profile picture of the author cjreynolds
      Not shedding any tears for either company....
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  • Profile picture of the author Karan Goel
    I'm with Google. We need a reformed, better
    solution for mobile payments.

    Karan
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  • Profile picture of the author AuthorityRush
    Actually I think both companies are evil anymore. Wish I didn't need to use either!
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  • Profile picture of the author tiwi
    it's always healthy to have a competition perhaps this will teach Paypal some much needed lesson...that they are not invincible!
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    • Profile picture of the author Fraggler
      Originally Posted by tiwi View Post

      it's always healthy to have a competition perhaps this will teach Paypal some much needed lesson...that they are not invincible!
      It is not healthy to have intellectual property aquired by larger companies by simply waving a cheque book in the face of key employees, no matter the companies involved.
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      • Profile picture of the author Fernando Veloso
        Originally Posted by Fraggler View Post

        It is not healthy to have intellectual property aquired by larger companies by simply waving a cheque book in the face of key employees, no matter the companies involved.
        Here, just like in real world, people don't care. They only start caring when they understand these companies use the same shady techniques with them as customers... Thats when they wake up.
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  • Profile picture of the author VegasVince
    Originally Posted by bobsilber View Post

    PayPal says Google stole its ideas for a new service that is trying to turn smartphones into digital wallets. The complaint alleges Google lured away PayPal executive Osama Bedier earlier this year to obtain trade secrets that are now being used by Google. You can read more of the story if you Click Here

    Is this Karma coming back to Paypal for its deeds ?

    LMAO......I recall getting nasty threats from PayPal's lawyers about my show exposing their little skim scam.....whereby they freeze accounts.....arbitrarily in many cases...hold the money for 180 days.....earn interest on same....and even when you are exonerated of any wrong doing....you get nothing back but what they stole.

    Think Pay Pal doesn't make "interest" off frozen accounts?

    I've done enough research to know it's "big business" for them.

    FYI.....told the Pay Pal lawyer to FU......did the show anyway.....crushed the ratings...they got especially testy when I asked if they 'paid taxes on the interest earned...and if they returned the money in full....it seems only fair they return it with interest."

    Millions in frozen accounts....some rightfully so....many many not. And believe me....they aint stuffin the cash under a mattress.......they earn interest.

    I had $6800 frozen for "excessive activity" aka I sold too much in a week. Went through hoops of fire...sent them 10 pages of enough info they probably could create a new identity and how ironic the same day the pull their stunt...EBAY.....SENDS ME A POWER SELLER CERTIFICATE SUITABLE FOR FRAMING. PERFECT FEEDBACK. AND WHAT A JOKE.

    181 days later....I got my 6800 back .......not an apology...not a dime of interest. And that might end up being a real problem for pay pal down the road.....at least that's the word on the street.

    Karma is a bitch......and if I could I'd take a flame thrower to Pay Pal cuz they owe me interest for 6 months of freezing my money......and oh yeah...the tos at the time stated that if you threatened legal action against PayPal you automatically lost your account.

    No joke. And I rather enjoyed the threats from their lawyers...cuz obviously they were bluffing.......and I'd trust a crack head before I'd trust those *******s with my money.

    They have done a lot of stealing.....on their own.


    Vegas Vince
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    • Profile picture of the author sbucciarel
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      Originally Posted by VegasVince View Post

      LMAO......I recall getting nasty threats from PayPal's lawyers about my show exposing their little skim scam.....whereby they freeze accounts.....arbitrarily in many cases...hold the money for 180 days.....earn interest on same....and even when you are exonerated of any wrong doing....you get nothing back but what they stole.
      lol. Don't hold back. Tell us how you really feel.

      I agree with one of the above. I have no sympathy for either company. I'd like to see both of them implode.
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      • Profile picture of the author VegasVince
        Originally Posted by sbucciarel View Post

        lol. Don't hold back. Tell us how you really feel.

        I agree with one of the above. I have no sympathy for either company. I'd like to see both of them implode.


        Ditto...lol....I could write a manifesto on Google.....but why bother. I rather enjoyed doing my show on PayPal....got it out of my system....and wished they would have sued as they said they would.

        I figured out that there are those who bitch about things and those who compete....and the truth is....Johnny Rock, Henry Ford, Howard Hughes, Carnegie, Walt Disney etc etc........

        Amazing how these peeps managed to create EMPIRES WITHOUT A PAYPAL ACCOUNT OR GOOGLE...OR TWITTER OR FACE BOOK AND A MYRIAD OF OTHER 'TACTICAL" MEDIUMS....that change almost daily. Amazing. lol

        The foundation of creating wealth has changed very little over the last 100 years....metrics are metrics and you need to sell **** people want.

        Those who bitch and whine over the bell, whistle, andmedium of the week causing their "empire" to fall.....fail to realize what they had was something built on a foundation of smoke and mirrors.

        I was friggin' homeless in Salt Lake City 18 years ago...and let's just say I overcame.....and for the record...google or pay pal aint gettin NO credit. Nor should they get any blame when things go wrong.

        You'se dance with the devil.....you get what u got comin'. I don't participate in that dance. Those who do...give way too much power away to companies that both have proven they don't give a **** about YOU or ME.

        Personally let them duke it out in court......and we know for sure the lawyers are gonna get paid. Well...I might ad.

        No twitter account needed....and I doubt they'll take payment in the form of pay pal.


        peace, XXX

        Vegas Vince

        p.s. cool tats.....
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  • Profile picture of the author dbarnum
    They'd have much greater potential for success and outreach with a company JV than a 1-person deal. "It takes a village.." or tech team... and all that.

    Just my personal thoughts...
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  • Profile picture of the author ben_ashley
    Everything's fair in love and war? Isn't it Google?
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  • Profile picture of the author Sumit
    well thats sound interesting
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  • Profile picture of the author Darrell Hagan
    If Google really did steal these ideas from PayPal then yes that is wrong. But if PayPal can't take a bloody nose in the world of business then they should leave the playing field. PayPal has dominated the online payment world for way too long and they do not play fair either. Remember, we're talking about a company who has the power to lock customer funds at will for often vague reasons and they routinely do just that. Honest and hard working people and businesses have literally been destroyed financially by PayPal and their not-so-above-board tactics many times.

    So don't feel sorry for them. I for one hope that Google or perhaps someone else completely prevents PayPal from doing substantial business in the mobile payment market. Karma for their past bad deeds.

    While I certainly don't advocate stealing someone else's ideas, consider this: If Compaq hadn't reverse engineered the IBM PC Bios, and if Microsoft hadn't swiped GUI ideas from Apple, then personal computers wouldn't exist as we know them today. Instead, computers would likely be far more expensive and only available from two companies who between them would have a strangle hold on the consumer.
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  • Profile picture of the author bollingjoe
    paypal should give it a rest .they should keep their house in order rather than chase google
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  • Profile picture of the author christina ward
    That is bad news. If it is true, then some one is responsible and they should pay. I think that if a person does wrong then they will get what they deserve.

    Thanks
    Christina
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  • Profile picture of the author bollingjoe
    it will be good if paypal has a worthy competitor
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