The fastest-growing volume is the least profitable
Processing volume is growing fastest where the company is least visible to the customer, and that is where margins are thinnest.
Free 2 min read
Stock
PYPL
PYPL
Delayed
Notes mentioning PYPL
3A popular app is not yet a business model
The peer-to-peer app has the users and the habit. What it has never had is a revenue line that matches its popularity.
Free 2 min read
A payments company priced for decline only has to decline less
The branded volume and take-rate thresholds behind my view.
Paid 2 min read