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Stripe and Advent have made a joint offer to acquire PayPal – sources

reuters.com

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Re: Stripe and Advent have made a joint offer to acquire PayPal – sources

#221

Post by lxgr »

toomuchtodo wrote: post #108
Jblx2 wrote: post #92

Earlier quoted context omitted.

>FedNow There is no recourse if something goes wrong with FedNow, right? Like you get scammed, and the scammer just keeps the money. Seems like a pretty big difference (in theory anyway) to PayPal. Although I'm apparently not the right guy to ask, since I really don't see the use case for PayPal vs. credit card.

Regulation E applies to FedNow instant payments as it applies to payer recourse. https://www.wolterskluwer.com/en/expert-insights/navigating-... https://www.consumerfinance.gov/rules-policy/regulations/100...

Only for unauthorized payments, i.e. for transactions you did not consent to.

This does not cover products/services not received at an online merchant, for example, just like how you can’t retroactively cancel a check. Cards do allow chargebacks in this situation.

Re: Stripe and Advent have made a joint offer to acquire PayPal – sources

#222

Post by yerich »

xp84 wrote: post #212
delecti wrote: post #70

Earlier quoted context omitted.

There's a pretty clear difference between a lawsuit by 8 individuals, vs one filed by attorneys general representing a combined ~100m people.

Nevertheless, I have very little faith in states somehow blocking big mergers. Can you cite an example where this has happened? We've had basically every airline, several supermarket chains, and every major media company go through 1-2 rounds of megamergers. Which, specifically, have been successfully blocked by states?

In 2017, Valero tried to acquire some energy infrastructure owned by Plains All American. The FTC cleared it but California's AG filed to block the deal, which was ultimately abandoned before the trial could begin.

https://www.hklaw.com/en/insights/publications/2017/10/futur...

Re: Stripe and Advent have made a joint offer to acquire PayPal – sources

#223

Post by edoceo »

root_axis wrote: post #218
edoceo wrote: post #216

Earlier quoted context omitted.

You're obviously much smarter and more knowledgeable than me. I'm just going to abandon this conversation.

It's disappointing that you're now descending into sarcastic quips rather than address the substance of my reply. You could have just abandoned the conversation without the snarky announcement. Anyway, if that's the quality of conversation you're offering then abandoning the conversation makes sense. Have a good one.

Sorry. I'll try one more time then.

Stripe is currently passing on these revenues. Stripe has been hostile to these revenue streams for more than a decade.

You seem to think their behavior will change after an acquisition. An acquisition that is also a (dangerous) market consolidation. I don't think they will.

How is PayPal not subject to MC rules when MC is used as a funding source for a PP account that purchases cannabis-adjacent services? Is it magic? Is it some plausible denial thing?

Also, if their only motivation is money - and lets assume that is true - then taking a few billions in high-risk money puts their other even-larger billions at risk.

Do you see that? Yes, they could get new revenue of ~30B adding to their existing ~5B. And assuming several billion in high-risk (4B?) now the question is...would you throw away 4 dollars of your 40 dollars to reduce the risk of the remaining 36? While also knowing you can grow into other lower risk markets? Would you throw away 4 high risk dollars to replace them in two years with 4 new low risk dollars?

Re: Stripe and Advent have made a joint offer to acquire PayPal – sources

#224

Post by arjie »

chirau wrote: post #3

That would be quite a play. Stripe, PayPal, Venmo, Braintree, Xoom all under one umbrella. The Herfindahl-Hirschman Index (HHI) for online card-not-present (CNP) checkout on that is going to be absurdly high and this will take a lot of convincing to beat antitrust. They will probably have to unwind Venmo and Braintree.

The Herfindahl-Hirschman Index is a measure of the concentration of a market based on the market-share of the firms participating in it. Very much like the Simpson's index that tells you the probability of two organisms in a place being of the same type when randomly drawn.

It's just \sum_i^n h_{i}^2 sum of squares of market-share.

Enjoyed that. Thanks for the discovery.

Re: Stripe and Advent have made a joint offer to acquire PayPal – sources

#225

Post by nearlyepic »

axus wrote: post #181
bdcravens wrote: post #94

Earlier quoted context omitted.

Of course, but that's the thing about "informal" agreements: presumably there's no record of it. Price collusion happens way more than most realize. I was at a trade show for my employer when a competitor walked up to our booth and out loud proposed that we should all fix our prices. We didn't of course, but the brazenness of saying something like that out in the open like was what surprised me.

I thought that only happened in hilarious corporate training videos

Read the DoJ’s case they recently closed on price fixing in the egg market. Apparently those videos are like that because that’s how it goes down in real life. You would think people would be smarter but maybe we only see the stupid ones that get caught.

Re: Stripe and Advent have made a joint offer to acquire PayPal – sources

#226

Post by pc86 »

naet wrote: post #130
pc86 wrote: post #87

Earlier quoted context omitted.

Do you have any evidence that you can just bribe your way past antitrust regulations (which are enforced by hundreds or maybe even thousands of attorneys across the political spectrum) or is this just how you feel because you don't like who is in the White House right now?

I was curious so to get a very rough ballpark figure. So I went to the Wikipedia List of largest mergers and acquisitions article ( https://en.wikipedia.org/wiki/List_of_largest_mergers_and_ac... ) Added up all the free market enterprise section completed deals where the purchaser was indicated as US based Obama era: 2009: 6, 2010: 1, 2011: 4, 2012: 1, 2013: 4, 2014: 5, 2015: 7, 2016: 6 Trump term 1: 2017: 4, 2018: 8…

"More business happens under comparatively pro-business Administration" is certainly a revelation.

I don't mean to be snarky but "I counted things on Wikipedia" is not exactly slam dunk proof when the GP was all but saying Trump is selling antitrust immunity on the open market.

Re: Stripe and Advent have made a joint offer to acquire PayPal – sources

#229

Post by Grombobulous »

pc86 wrote: post #226
naet wrote: post #130

Earlier quoted context omitted.

I was curious so to get a very rough ballpark figure. So I went to the Wikipedia List of largest mergers and acquisitions article ( https://en.wikipedia.org/wiki/List_of_largest_mergers_and_ac... ) Added up all the free market enterprise section completed deals where the purchaser was indicated as US based Obama era: 2009: 6, 2010: 1, 2011: 4, 2012: 1, 2013: 4, 2014: 5, 2015: 7, 2016: 6 Trump term 1: 2017: 4, 2018: 8…

"More business happens under comparatively pro-business Administration" is certainly a revelation. I don't mean to be snarky but "I counted things on Wikipedia" is not exactly slam dunk proof when the GP was all but saying Trump is selling antitrust immunity on the open market.

It was still non-zero amount of evidence and that’s exactly what was being asked for.

Re: Stripe and Advent have made a joint offer to acquire PayPal – sources

#230

Post by Grombobulous »

pc86 wrote: post #87
SOLAR_FIELDS wrote: post #6

Earlier quoted context omitted.

Convince who? There is no such thing as antitrust anymore in the USA, it’s merely the size of the bribe required to let the merger go through now

Do you have any evidence that you can just bribe your way past antitrust regulations (which are enforced by hundreds or maybe even thousands of attorneys across the political spectrum) or is this just how you feel because you don't like who is in the White House right now?

I would say “don’t like who is in the White House” is really underselling the situation.

The high level of financial corruption of the current administration is very well documented.

Let’s not forget that the president is a convicted felon, and his felonies were all financial crimes.

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