PayPal is dying and not that slowly. It's being replaced by Stripe, Adyen, Checkout.com, Apple Pay, Google Pay... etc. margins continue to decrease with no real

PayPal is dying and not that slowly. It's being replaced by Stripe, Adyen, Checkout.com, Apple Pay, Google Pay... etc. margins continue to decrease with no real moat to rising competition. Eventually it will just be Venmo and Braintree left and PayPal will be a company like Western Union that people used to need, but now is mostly used by scammers... They completely squandered their spin off from eBay and acquired terrible companies along the way that didn't pan out really even one time. I wouldn't pay $25B for them. You're buying a depreciating asset.