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re: PayPal joins Samsung in ad fail
Posted on 9/16/14 at 10:26 am to TigerGman
Posted on 9/16/14 at 10:26 am to TigerGman
From your first link:
I tend to agree with this guy and fail to see what Wall Street and paypal are so freaked about. Pay pal can still make money. They may have to re-evaluate their craptastic fee structure but this isn't an existential threat...not yet at least.
quote:
But Hottovy thinks that investors may be overreacting to the Apple Pay news. He predicts that Apple Pay will help validate the idea of mobile payments in general. There's also the fact that Apple is launching Apple Pay only in the U.S. for now. So there are still opportunities for Pay Pal.
"The acceleration in mobile payments helps PayPal," he said. "PayPal also has global reach and has been adopted by many small businesses."
Hottovy added that PayPal could still eventually get integrated into Apple Pay. He suggested it could mesh well with Apple's Passport app, which stores information on gift cards, coupons and tickets.
I tend to agree with this guy and fail to see what Wall Street and paypal are so freaked about. Pay pal can still make money. They may have to re-evaluate their craptastic fee structure but this isn't an existential threat...not yet at least.
1
Posted on 9/16/14 at 10:32 am to ZereauxSum
quote:
but this isn't an existential threat...not yet at least.
Pretty sure most Wall Street analysts disagree otherwise the stocks wouldn't have taken such hit. As for overseas that's probably just a matter of time. Though Europe itself may be a tough nut to crack as they have a pretty well entrenched system already in place.
ETA: Not to mention of course the OP's original point. Obviously PayPAl itself is worried by this smacks of desperation ad campaign.
This post was edited on 9/16/14 at 10:41 am
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