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> they don't really have any moat around them to prevent one of the big 5 from coming in and competing with them With that in mind why does an acquisition make
by prostoalex 8y ago
> they don't really have any moat around them to prevent one of the big 5 from coming in and competing with them
With that in mind why does an acquisition make sense for Facebook?
It seems like a similar price war was unleashed among brokerage houses (driven mainly hy Schwab, but also Robinhood), but brokerages are not buying one another. Instead the competition has shifted into fee-based products (like ETFs and mutual funds) as well as portfolio management.
- acjohnson55 8y agoArguably because it gives Facebook a global commerce platform for its global forum. If Facebook is the culmination of Web 2.0 (UGC) and crypto is Web 3.0, then it makes perfect sense. Although, I'd have to imagine that given government concern on both Facebook and cryptocurrency, extensive regulation would be a certainty.
- prostoalex 8y agoThe list of countries supported for Facebook Messenger Payments https://www.facebook.com/business/help/376967925660473 https://www.facebook.com/business/help/376967925660473 and the list of countries supported by Coinbase https://www.coinbase.com/global https://www.coinbase.com/global overlaps significantly. Coinbase has more global presence, but it seems unlikely that it’s a moat-level achievement.