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There is 0% chance FB can buy coinbase. Coinbase won't sell. They've built an all time level team and are absolutely raking in $$$. This is dumb.
by raleigh_user 8y ago
There is 0% chance FB can buy coinbase.
Coinbase won't sell. They've built an all time level team and are absolutely raking in $$$.
This is dumb.
- skj 8y agoThat just means an acquisition would be expensive. FB has a history of expensive acquisitions.
- dest 8y ago$17B Whatsapp comes first to mind...
- pjc50 8y agoIn this space everyone has a price. And I can see the advantages of wanting an exit from a volatile space to nice safe $$$ before the next catastrophe (although cryptocurrency prices are surprisingly catastrophe-resistant).
- 21 8y agoYou lack imagination. If Facebook offers Coinbase tomorrow 100 billion dollars, they won't sell?
- stevespang 8y agoand if they don't sell, the Zuck will just create a project with 1000 of his engineers to duplicate CoinBase and offer everything at free commish's for a year or whatever it takes to bring CoinBase to it's knees.
- netsharc 8y agoThat depends.. 100B in cash, Facebook stock, or crypto-currencies? :D
- flashmob 8y agoWell, there isn't such thing as 100B in cryptocurrency, so definitely not in crypto. (It would be very hard/impossible to acquire that amount right now). This brings us to an interesting thought. Cryptocurrency transaction values have been steady growing, starting from pizzas to alpaca socks and now it's even possible to settle multi million dollar transactions. In the the future we'll probably see larger, billion dollar plus aquisitions settled in cryptocurrency, why not? For that to happen though, their marketcaps will need to rise significantly from what they are now, at least to multi trillion dollar levels.