APT 0.00% $66.47 afterpay limited

PayPal officially joins the race, page-470

  1. 909 Posts.
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    PayPal are a big gorilla ,have deep pockets and can undercut to buy market share of what ever they want.

    Shows you have little idea about the evolution of businesses. Harvey Norman (along with JBH) is the behemoth of the appliance and consumer world in Australia. It also has deep pockets and could have undercut the online retailers that are popping up but they are slaves to their original model. It happens to every big company. Fairfax had the classified world in their back pocket but didn't want to give up their golden goose of advertising and hence realestate.com, seek and carsales are now massive (much bigger than Fairfax). Big successful businesses rarely venture far from their main product. If you think Paypal is going to give up their golden goose you don't understand history very well.
 
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