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$500m to hedge a $300b business. Could it be done cheaper? Perhaps. But this seems like a pretty obvious transaction. In 5 years if crypto is just a flash in th
by qeternity 6y ago
$500m to hedge a $300b business. Could it be done cheaper? Perhaps. But this seems like a pretty obvious transaction. In 5 years if crypto is just a flash in the pan, nobody will even remember $500m. If however crypto is the future, then Paypal remain relevant and $300b of market cap is defended.