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Paypal was worth near $50 when it IPO again in 2015, and it is still worth $50B today? And this isn't some inflated market cap either, apart from 2021 and 2022
by ksec 3mo ago
Paypal was worth near $50 when it IPO again in 2015, and it is still worth $50B today?
And this isn't some inflated market cap either, apart from 2021 and 2022 they have been making $5B+ Net income in the past 6 years. I would love to dive into how Paypal makes money because that is an order of magnitude bigger than I thought. There must be some market in which Paypal is popular and culturally accepted as by default payment.
Which also makes me want to rethink how much Apple Pay is worth if it was a separate business.
- selfmodruntime 3mo agoCompetition is fierce and there's only so much innovation you can do as a payment service provider
- edelbitter 3mo agoFor starters, they could have made at least every website related to customer-facing payment flow as fast as stripe managed to deliver pretty much right from the start.