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> is a "legacy" bank going to pay several billion dollars to acquire a nice app with an unprofitable business behind it? I doubt it You’re not buying that thou
by trollied 7y ago
> is a "legacy" bank going to pay several billion dollars to acquire a nice app with an unprofitable business behind it? I doubt it
You’re not buying that though. You’re buying the customer base. Getting another couple of million customers isn’t something to sniff at.
- reascenda 7y agoThey've probably priced themselves out of that scenario now though. With valuations >billion even for millions of users the acquiror is paying hundreds per customer. I'd be surprised if the economics of that stack up.