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This is straight out of Peter Thiel's handbook. Create a monopoly and then take the profits.
by shoto_io 5y ago
This is straight out of Peter Thiel's handbook. Create a monopoly and then take the profits.
- fshbbdssbbgdd 5y agoPayPal doesn’t seem like a monopoly. Merchants can offer multiple payment processors, and customers can use a different one for each purchase without any lock-in. PayPal has strong competitors like Stripe and even Apple. They also lost their flagship client, eBay.
- robryan 5y agoIn some ways they are for consumer products. There is some percentage of people that won’t buy at all without the option. Then a much bigger percent that will still buy but prefer to use PayPal if you give the option.
- another-dave 5y agoIn fairness, I still wouldn't call that a monopoly, just a popular choice. I mean, I know some people who won't drink soft drinks unless it's specifically Coca-Cola and know a lot of people who'll pick Coke as their first choice but they clearly don't a monopoly on cola drinks.