Ripple Labs Adds Former Yahoo Exec on Board
Ripple Labs has been adding more and more high-level officials to its strategic board, and its latest move was to appoint former Yahoo and AOL executive Brad Garlinghouse as its Chief Operating Officer. Garlinghouse became popular in 2006 when an internal Yahoo memo he penned was leaked was published. He also sits on the board of Ancestry.com and became the CEO of Hightail, a file-sharing firm. "There is already incredible momentum for Ripple as a new infrastructure for global payments, and the opportunity to define the actual framework for the Internet of Value is an order of magnitude....
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Ripple Labs has appointed former Yahoo and AOL executive Brad Garlinghouse as its new COO. Garlinghouse, who sits on the board of Ancestry.com, became the CEO of file-sharing firm Hightail in 2012. He departed last fall following a dispute over a potential sale of the company, as reported at the time by Re/code. In a press statement about his new role, Garlinghouse said:
When it rains, it pours, especially when it is raining bad news. If Ripple investors didn't believe that before, they certainly do now. Just yesterday, CCN reported that Ripple Labs co-founder Jed McCaleb decided to sell the entirety of his XRP stock, which decreased the XRP exchange value by an astounding 40% in less than 24 hours. Now, a board member has resigned, leaving investors anxious about the company's future. Ripple Board Member Jesse Powell Resigns in the Wake of Founder Sell-Off. In the wake of the troubling news about McCaleb's XRP liquidation, Ripple board member Jesse Powell....
After publicly resigning from Ripple, former board member Jesse Powell now faces legal trouble with the company. Ripple is having a very messy week. First, co-founder Jed McCaleb publicly decided to liquidate his XRP, which comprised 20% of the entire market cap. Unsurprisingly, the price fell by over 50% during the subsequent 48 hours. After McCaleb's decision to sell his XRP holdings, Kraken CEO Jesse Powell announced his resignation from the Board of Ripple Labs in a candid post on the /r/Ripple subreddit. Following Powell's public resignation, a lawyer for Ripple Labs sent a....
Brad Garlinghouse, the former CEO of Hightail and a long-time executive of Yahoo! has been appointed as Ripple's first Chief Operating Officer, as the company passes the 100-employee mark. "Brad's experience will be invaluable as we advance our focus from building a strong pipeline to execution and exceptional growth," said Ripple Labs CEO and co-founder Chris Larsen in a statement. "We share a vision for the future of finance and the creation of an Internet of Value in which value exchange is as fast, free, transparent and secure as information exchange is on the Internet today." Prior to....
Professor of economics at Stanford Graduate School of Business and senior fellow at the Stanford Institute for Economics Policy Research Susan Athey has been named to the board of directors of decentralized payment network provider Ripple Labs. Athey's areas of research include online media, advertising and search, and she notably spoke at the New York bitcoin hearings and at CoinSummit San Francisco about her involvement with digital currencies earlier this year. An authority on digital economics, mathematics and computer science, Athey previously served as an advisor to Ripple Labs. A....