1986 · 118 points · 83 comments · 5 hours ago · Open original
https://archive.ph/qdE54
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TYtyre2 hours ago
Makes sense:
> The takeover interest has helped it recover, with PayPal shares jumping more than 40% this quarter to give the company a market value of about $52.6 billion.
Seems like they tried to buy a struggling company and leaks of the talks made it too expensive.
WKwkoszek1 hour ago
PayPal might still be the sweetheart, but there's no innovation I feel. With eBay having CC support and being able to charge and return a charge back to the card, PayPal now is in a niche. I'm helping a founder recruit. To handle the load of candidates, we give folks applying some $ for doing a small 1hr project, and Claude told me that PayPal may still be universal way of sending a "gift amounts". I often wonder how much work would it be to bring IBAN accounts to the US. The need for Zelle baffles me, and the fact that person A can't send $ to person B via normal bank infrastructure is interesting.
RErekttrader5 hours ago
Diligence told them they’re buying a almost dead payment processor with ancient tech. Customer lists are worth something but not that much.
ISiSloth18 minutes ago
Such a shame they didn't do anything with Braintree years ago and just let it rot
ACacd1 hour ago
There is us fair competition law Sherman anti trust act laws. "is a United States antitrust law which prescribes the rule of free competition among those engaged in commerce and consequently prohibits unfair monopolies"
https://en.wikipedia.org/wiki/Sherman_Antitrust_Act
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5 preview comments · loading full threadLog in to h4cker, then connect Hacker News to publish comments.
Makes sense: > The takeover interest has helped it recover, with PayPal shares jumping more than 40% this quarter to give the company a market value of about $52.6 billion. Seems like they tried to buy a struggling company and leaks of the talks made it too expensive.
PayPal might still be the sweetheart, but there's no innovation I feel. With eBay having CC support and being able to charge and return a charge back to the card, PayPal now is in a niche. I'm helping a founder recruit. To handle the load of candidates, we give folks applying some $ for doing a small 1hr project, and Claude told me that PayPal may still be universal way of sending a "gift amounts". I often wonder how much work would it be to bring IBAN accounts to the US. The need for Zelle baffles me, and the fact that person A can't send $ to person B via normal bank infrastructure is interesting.
Diligence told them they’re buying a almost dead payment processor with ancient tech. Customer lists are worth something but not that much.
Such a shame they didn't do anything with Braintree years ago and just let it rot
There is us fair competition law Sherman anti trust act laws. "is a United States antitrust law which prescribes the rule of free competition among those engaged in commerce and consequently prohibits unfair monopolies" https://en.wikipedia.org/wiki/Sherman_Antitrust_Act