That would mean they would be acquiring Venmo as well?
I feel like PayPal is slowly degrading, I hope Stripe would find a way to modernize it.
That would mean they would be acquiring Venmo as well?
I feel like PayPal is slowly degrading, I hope Stripe would find a way to modernize it.
It's hard to turn a sinking product around. There's a cultural problem, and those are very difficult to solve.
There's a Munger quote that I don't quite remember, but it went something like this: "When good managers are put into a terrible culture, it's the culture that wins."
When a manager with a reputation for brilliance takes on a business with a reputation for poor economics it’s the reputation of the business that remains intact
When Seagate (then a reputable hard drive manufacturer) purchased Maxtor (then the bottom-of-the-barrel for both price and reliability) I hoped Seagate would rehabilitate their newly acquired facilities and bring them up to the same quality.
I was disappointed.