Connect with us

Business

Facebook Buying Paypal Would Terrify Amazon

Avatar

Published

on

Earlier this week Paypal announced closer integrations with Facebook. In a blog post, PayPal is integrating directly into Facebook Messenger, letting users purchase and pay for things on the spot. But why stop there? What would happen if Facebook went out and actually paid for PayPal?.

What Happen if Facebook Paid for Paypal? Should Amazon be Terrified?

The internet is a big place. And the most successful companies online succeed in making the internet a little smaller and connecting people.

Airbnb connects people to places, giving them a sense of community.

Uber connects people to waiting rides, so they get where they need to go when they need to get there.

Amazon prides itself on being an online marketplace having almost anything anyone needs. Members can even order fresh produce and groceries delivered to their home from Amazon within a couple hours.

And Facebook connects people to each other like never before. With over 1.75 billion active monthly users, Facebook has a loyal fanbase. Even those people who are not on the social media site are familiar with it.

But Facebook can be bigger.

Buying PayPal would let Facebook compete with (and beat) Amazon as the largest online retailer.

The social media giant already features “shop now” functionality for business fan pages. And groups are often created with the sole focus of buying and selling common interests. Facebook is even rolling out its own Marketplace, which connects buyers to sellers online for offline deals. However, by acquiring PayPal, Facebook could do more than just connect people with similar interests, Facebook could actually compete with Amazon.

Here’s why that deal makes sense:

PayPal is already an established payment processor with an established reputation and solid systems and procedures. And with about 200 million active accounts, Facebook wouldn’t need to get people comfortable with a brand new system or way of paying for goods, since so many people actively use it. In comparison, Apple Pay has an estimated 3.6-7 million people who’ve tried it at least once, with only 21.3 percent using the service regularly, according to reports by Pymnts.com. While there are other payment options out there, PayPal’s reputation as the first digital payment processor and a secure form of online currency makes for a strong acquisition target.

On top of that, Facebook can afford it. PayPal has a market cap of about $52 billion, meaning a company would have to have big pockets to go bid on PayPal. With a market cap of $384 billion, Facebook can certainly afford it. But so can other companies such as Amazon ($405 billion), Google ($570 billion), and Apple ($642 billion). Yet, out of these companies, Google has Google Wallet, Apple has Apple Pay, and Amazon has its own payment system in place. Facebook is willing to spend for companies (looking at you WhatsApp) and patient enough to focus solely on growth before monetizing those acquisitions. Although pricey, acquiring PayPal gives Facebook access to hundreds of millions of users and a dominant position in mobile payments. And with Facebook’s strong network of users, PayPal could easily go from 200 million users to 1 billion users.

Facebook can also afford to compete on cost. With such a huge user base, Facebook can focus on discounted or waived processing fees for purchases, and even undercut competitor prices for products using those waived processing fees as discounts.

Given Facebook’s desire to connect the world, technological and financial resources, creativity, and worldwide reach, adding a mobile payment service such as PayPal to its platform would elevate Facebook to a new level, and that should scare Amazon.

Want to know how to add Paypal in your business page? Check this video and learn it from Facebook Timeline Marketing. 

Don’t be surprised to hear speculation on the subject. And when you do, expect shares of both PayPal (PYPL) and Facebook (FB).

Let’s be cautious! Hackers use Internet of Things to take down big sites. Check how this is done by reading our yesterday’s news here!

Follow us on Facebook and Twitter for more news updates!


The statements, views, and opinions of any article, contribution, editorial, or advertisement in this publication are not necessarily those of The Capitalist or its editorial staff, and are not considered an endorsement, sponsorship, or recommendation of any referenced product, service, issuer, or groups of issuers.

This publication provides general information about certain subjects, and should not be construed or taken as advice (legal, financial, investment, tax, or otherwise). Do not construe or take any information in this publication as a solicitation, offer, opinion, or recommendation to buy or sell any securities, bonds, or other financial instruments or to provide any legal, financial, investment, tax, or other advice or service about the suitability or profitability of any financial instruments or investments.

The Capitalist disclaims any liability for the accuracy of or your reliance on any statements, views, opinions, or information in this publication.


 

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Business

RetailMeNot’s Five to Buy in February

Avatar

Published

on

RetailMeNot's Five to Buy in February
Image via Shutterstock

The wintry temps may make you cold, but February deals are sure to warm your heart. It’s not only a great time to shower your valentine with roses and gifts, but it’s a great time to make other smart and timely purchases as well.

The shopping and trends expert for RetailMeNot, Sara Skirboll, agrees. “With the biggest football game of the year, Valentine’s Day and Presidents Day on the horizon, retailers will offer tremendous savings on a variety of categories — from TVs and TV dinners to all of your Valentine’s Day needs.

1. Play Cupid

With Valentine’s Day this month, shoppers might be struggling to find the right present that symbolizes their love. You can never go wrong with a customized gift made especially for them. This month, shoppers looking to go the extra mile for their loved one will save an average of 40% on items like personalized photo albums, picture frames, wall art and more. You name it, they make it — and just because it’s customized doesn’t mean it will break the bank. Turn to retailers like Shutterfly who is offering a RetailMeNot exclusive for 28% off your regular priced purchase.

2. Ding-Dong Deals

While some might make dinner reservations at the fanciest restaurant in town, many will opt to eat at home. Those who do can take advantage of special promotions and discounts. In fact, diners can save an average of 30% off all month long, so be sure to search the food delivery deals from RetailMeNot. Right now, DoorDash is offering 25% off your first purchase and Postmates is offering $15 delivery credit for existing users.

3. Flower Power

Everything’s coming up roses! According to a recent RetailMeNot survey, 46% of shoppers plan to buy flowers for Valentine’s Day this year, up from 34% in 2019. Many florists will be offering promotions and discounts to help shoppers prepare for the holiday. This year, retailers like 1800Flowers are having up to 40% off flowers & gifts and FTD is offering a RetailMeNot exclusive offer for 20% off sitewide.

4. Get Your Game On

Attention sports fans: Discounts on electronics are not strictly reserved for Black Friday! In fact, February is the second-cheapest time of year to buy a new TV. With the big game right around the corner and March Madness close behind, manufacturers will use those big-time events to highlight big savings on big-screen sets. Another reason for the markdowns is that new models will be released next month, so retailers will be looking to make room for new inventory. Shoppers in the market for a new TV should head to Samsung where they can get 10% cash back with RetailMeNot, and Best Buy where they can find up to 64% off clearance items.

5. Meet Your (Price) Match

Life can easily get in the way of finding “the one,” but online dating sites and convenient mobile apps are here to help. Those looking for love are in luck: Dating sites can offer up to 75% off enrollment fees to encourage singles to put themselves out there. Dating sites like eHarmony are offering 35% off all subscriptions and OkCupid is offering free membership.

Continue Reading

Arts

Shutterstock Announced as Official Photographer of the 2020 EE British Academy Film Awards

Avatar

Published

on

shutterstock 2020 EE British Academy Film Awards
Shutterstock Announced as Official Photographer of the 2020 EE British Academy Film Awards (Photo: PR Newswire)

Shutterstock, Inc., a leading global technology company offering a creative platform for high-quality content, tools and services, today announced that it has been renewed as the official photographer of the 2020 EE British Academy Film Awards, which recognizes the very best in film over the past year. As the official photographer of the show on Sunday, February 2nd, Shutterstock’s on-site entertainment photographers, editors and engineering team will deliver exclusive high-quality images from the event at the Royal Albert Hall in London to the world in less than one minute from the image being taken.

Shutterstock’s editorial team captures, edits and distributes celebrity portraits and candid images leveraging proprietary software optimized for speed to market. As the moments from the red carpet, inside the awards show, and at the after-parties are captured, Shutterstock’s team makes lightning-fast crops and edits and transmits them directly to the desks of photo editors, writers and media. This speed-to-market empowers Shutterstock’s editorial customers to keep up with today’s fast news cycle to quickly deliver their news stories.

“We are pleased to continue our long-standing relationship with BAFTA, an arts charity whose purpose of celebrating and supporting the best work and talent in film, games and television is closely aligned with Shutterstock’s,” said Candice Murray, Vice President of Editorial at Shutterstock. “As a company whose passion is rooted in creativity, it is always an honor to be selected to shoot and share these unique moments recognizing the industry’s top creatives from around the world at the BAFTAs.”

“Shutterstock is best equipped to provide the world’s media with high-quality images of our awards ceremonies and year-round program through their advanced creative platform,” said Claire Rees, Photography Director for British Academy of Film and Television Arts. “Our partnership has grown over the years and as Shutterstock’s technology and service continue to evolve, we continue to see greater results in amplifying the mission of BAFTA around the world.”

Shutterstock’s annual partnership with BAFTA, a world-leading independent arts charity, originated in 2013 and includes editorial photography coverage of the Television Craft Awards, Games Awards, Television Awards, Young Game Designers Competition, Scotland Awards, Cymru Awards and Children’s Awards.

Continue Reading

Business

Amazon Profits Surge as Investment in Faster Shipping Pays Off

Avatar

Published

on

Amazon Profits Surge as Investment in Faster Shipping Pays Off
Image via Shutterstock
By Dominic Rushe

Amazon’s massive investment in faster shipping paid off for the tech company over the Christmas holidays with record sales and four times as many customers taking advantage of its free one-day shipping offer over the shopping season compared with last year.

Amazon is spending billions making one-day shipping the default for its Prime members and the gamble helped drive its revenues up over $87bn for the final quarter of 2019, or $29bn a month, compared with $72.4bn in the fourth quarter of 2018.

Profits increased to $3.3bn in the fourth quarter, up from $3bn in the same period last year, after a fall of 25% from July to September due to its costly shipping investments. Amazon’s shares shot up over 10% in after-hours trading.

“We’ve made Prime delivery faster – the number of items delivered to US customers with Prime’s free one-day and same-day delivery more than quadrupled this quarter compared to last year,” said Jeff Bezos, Amazon founder and CEO.

Amazon’s bumper Christmas – the best in its history – came as other retailers including Target, Macy’s and JC Penney have reported lower sales.

Amazon Web Services (AWS), its cloud computing business, reported revenues of $9.9bn for the quarter, up 34% from the year-ago period.

Amazon also gave an update on its number of Prime subscribers, who pay an annual fee for faster shipping and access to free content on its streaming media services. Bezos said the company now has over 150 million paid Prime members around the world, up from 100 million last April.

Amazon’s share price has lagged its tech giant peers in recent months as investors have worried about its spending. The latest results push the company back into the exclusive club of tech companies now valued at over $1tn including Apple, Alphabet and Microsoft.

Copyright © 2020 theguardian.com. All rights reserved.

Continue Reading

Trending

Copyright © 2019 The Capitalist. his copyrighted material may not be republished without express permission. The information presented here is for general educational purposes only. MATERIAL CONNECTION DISCLOSURE: You should assume that this website has an affiliate relationship and/or another material connection to the persons or businesses mentioned in or linked to from this page and may receive commissions from purchases you make on subsequent web sites. You should not rely solely on information contained in this email to evaluate the product or service being endorsed. Always exercise due diligence before purchasing any product or service. This website contains advertisements.