4 ms·

Wells Fargo is big enough that they can spend resources maintaining their fork. Yahoo is no longer working on it, but if somebody else wants to pick it up, they

by Havvy 12y ago

Wells Fargo is big enough that they can spend resources maintaining their fork. Yahoo is no longer working on it, but if somebody else wants to pick it up, they can.

pyrrhotech 12y ago
correct, Wells Fargo's market cap is 267 billion, 30% bigger than Facebook. They can pretty much do whatever they want
- StavrosK 12y ago
  Hah, it's funny that the place that handles your money is only worth 30% more than the place you chat with your friends.
  - gohrt 12y ago
    Good. They should be handling my money, not skimming it.
  - cookiecaper 12y ago
    To be fair, Facebook and other recent social IPOs are grossly overvalued.
    - dasil003 12y ago
      Plus their "market"-share is significantly higher than Wells Fargo's.
    - AJ007 12y ago
      To be fair, banks may also be grossly overvalued. Their market valuations are entirely dependent on large government bailouts (although Wells Fargo was certainly in good shape relative to their peers in 08.)
      - Alupis 12y ago
        > Their market valuations are entirely dependent on large government bailouts Hasn't been the case for years (and I'm pretty sure it was never the case actually). They are valued by their assets (funds in accounts, real estate holdings, equity in companies/investments, etc). Facebook's valuation appears to be based on nothing but magic.
      - rbanffy 12y ago
        > although Wells Fargo was certainly in good shape relative to their peers in 08 And this is the most ridiculous thing in those bailouts. You manage responsibly and competently and, in return, you get government funded competition. There should be a better way.
      - tripzilch 12y ago
        > To be fair, banks may also be grossly overvalued. In other words, such valuation of a big corporation has little to do with the direct utility to, or meaning for a single individual. It's like a red blood-cell wondering why the eye is so highly valued compared to the liver.
    - baddox 12y ago
      Which, as always, is a completely meaningless claim.
- scarmig 12y ago
  They can do whatever they have the internal capacity to decide to do. They're richer than Facebook, sure. But at many non-tech companies, spending tens or hundreds of millions of dollars to build a solid library is simply not in the cards. (Why should we spend so much on engineers? All they're doing is slapping together some HTML, my nephew in high school does that!)
  - namityadav 12y ago
    Surely WF's needs with YUI-fork (or any other similar library) will be limited enough that they'll need to hire just one or two developers. I don't see how they'll need to spend hundreds (or even tens) of millions of dollars to build a solid library. I don't think even Yahoo has spent that much on YUI in total.
- Alupis 12y ago
  > correct, Wells Fargo's market cap is 267 billion, 30% bigger than Facebook. When did Facebook become the benchmark? Facebook is tiny compared to an awful lot of companies.
SerpentJoe 12y ago
I worked at WF years ago on/around the WF-RIA project. They have the strongest frontend culture I've seen at any company before or since. I'm sure they'll be fine.
- rralian 12y ago
  I also worked at WF and in my area (mutual funds) front-end was weak as hell. There were java developers, designers who still thought in points and "pixel perfect", and marketers, and just about nobody in-between. Granted this was a few years ago, but not long enough to excuse the ignorance. I can't speak too much about the rest of the company other than as a customer, and based on my experience as a customer, the front-end is weak as hell for everything else too.
- tsunamifury 12y ago
  Its no longer the case. Although there mobile enterprise products moved away from YUI slowly over the past few years.

by Havvy 12y ago

Wells Fargo is big enough that they can spend resources maintaining their fork. Yahoo is no longer working on it, but if somebody else wants to pick it up, they can.

pyrrhotech 12y ago

correct, Wells Fargo's market cap is 267 billion, 30% bigger than Facebook. They can pretty much do whatever they want

StavrosK 12y ago
Hah, it's funny that the place that handles your money is only worth 30% more than the place you chat with your friends.
- gohrt 12y ago
  Good. They should be handling my money, not skimming it.
- cookiecaper 12y ago
  To be fair, Facebook and other recent social IPOs are grossly overvalued.
  - dasil003 12y ago
    Plus their "market"-share is significantly higher than Wells Fargo's.
  - AJ007 12y ago
    To be fair, banks may also be grossly overvalued. Their market valuations are entirely dependent on large government bailouts (although Wells Fargo was certainly in good shape relative to their peers in 08.)
    - Alupis 12y ago
      > Their market valuations are entirely dependent on large government bailouts Hasn't been the case for years (and I'm pretty sure it was never the case actually). They are valued by their assets (funds in accounts, real estate holdings, equity in companies/investments, etc). Facebook's valuation appears to be based on nothing but magic.
    - rbanffy 12y ago
      > although Wells Fargo was certainly in good shape relative to their peers in 08 And this is the most ridiculous thing in those bailouts. You manage responsibly and competently and, in return, you get government funded competition. There should be a better way.
    - tripzilch 12y ago
      > To be fair, banks may also be grossly overvalued. In other words, such valuation of a big corporation has little to do with the direct utility to, or meaning for a single individual. It's like a red blood-cell wondering why the eye is so highly valued compared to the liver.
  - baddox 12y ago
    Which, as always, is a completely meaningless claim.
scarmig 12y ago
They can do whatever they have the internal capacity to decide to do. They're richer than Facebook, sure. But at many non-tech companies, spending tens or hundreds of millions of dollars to build a solid library is simply not in the cards. (Why should we spend so much on engineers? All they're doing is slapping together some HTML, my nephew in high school does that!)
- namityadav 12y ago
  Surely WF's needs with YUI-fork (or any other similar library) will be limited enough that they'll need to hire just one or two developers. I don't see how they'll need to spend hundreds (or even tens) of millions of dollars to build a solid library. I don't think even Yahoo has spent that much on YUI in total.
Alupis 12y ago
> correct, Wells Fargo's market cap is 267 billion, 30% bigger than Facebook. When did Facebook become the benchmark? Facebook is tiny compared to an awful lot of companies.

SerpentJoe 12y ago

I worked at WF years ago on/around the WF-RIA project. They have the strongest frontend culture I've seen at any company before or since. I'm sure they'll be fine.

rralian 12y ago
I also worked at WF and in my area (mutual funds) front-end was weak as hell. There were java developers, designers who still thought in points and "pixel perfect", and marketers, and just about nobody in-between. Granted this was a few years ago, but not long enough to excuse the ignorance. I can't speak too much about the rest of the company other than as a customer, and based on my experience as a customer, the front-end is weak as hell for everything else too.
tsunamifury 12y ago
Its no longer the case. Although there mobile enterprise products moved away from YUI slowly over the past few years.