[–] [deleted] 3 points 52 points (+55|-3) ago 

[Deleted]

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[–] Stoic 2 points 41 points (+43|-2) ago 

Rule #3:

Must be new or newly relevant to today.

I think today has brought this video new relevance.

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[–] OftenTooRude 2 points 33 points (+35|-2) ago  (edited ago)

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[–] fluffingtonthefifth 0 points 2 points (+2|-0) ago  (edited ago)

... fair enough. I'll allow it.

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[–] lllllllllll 0 points 1 points (+1|-0) ago 

Why? What happened?

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[–] Trs0817 0 points 0 points (+0|-0) ago 

It could've been posted as TIL: Elon Musk believes PayPal is screwed.

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[–] RandomResponse 0 points 21 points (+21|-0) ago 

To summarize, Musk says;

If you look at the plan he made in 2000, there has been no improvement, if anything they've gotten a little worse.

There's no innovation.

It should be where all the money is but it's not.

If they don't do anything they will be screwed.

This was 2012

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[–] mankind 0 points 12 points (+12|-0) ago 

Well, he's not wrong. Clearly other factors (such as bitcoin where Paypal could have innovated but didn't) will result in PayPal slowly losing relevance. It seems obvious but what do I know? I'm just a shitposter.

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[–] theotherguy 0 points 3 points (+3|-0) ago 

I think no one is trustworthy enough to hold any significant amount of money, and thats what leaves the door open for someone else.

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[–] ImperiousCaesar 0 points 2 points (+2|-0) ago 

Although it's not greatly innovative, PayPal did recently add a way for merchants to accept Bitcoin - which is a pretty solid attempt at staying relevant.

[–] [deleted] 1 points 7 points (+8|-1) ago 

[Deleted]

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[–] Dear_Leader 0 points 8 points (+8|-0) ago 

Elon-senpai

[–] [deleted] 1 points 1 points (+2|-1) ago 

[Deleted]

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[–] Bug_Catcher_Joey 0 points 1 points (+1|-0) ago 

This guy fascinates me. Did you guys get the chance to read Elon Musk: Tesla, SpaceX, and the Quest for a Fantastic Future by Ashlee Vance yet? Is it as amazing as I expect it to be?

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[–] sec 0 points 5 points (+5|-0) ago 

Another company who has failed to innovate, yet, expects to be the market leader.

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[–] CACKENBOOLS 0 points 0 points (+0|-0) ago 

First or best.

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[–] Lieutenant_Hawkeye 0 points 3 points (+3|-0) ago 

Wait, you're saying that infuriating your vendors, the bread and butter of online payments, with absurd draconian policies and excessive fees ISN'T a good way to run a buisiness? /s

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[–] Tor1 [S] 0 points 3 points (+3|-0) ago  (edited ago)

Before Musk, PayPal had grand designs of being its own world currency outside of the corrupt crony national bank system and its filthy thievery. Finally, the people of the world would harness the power of the internet and freely trade and PayPal was the darling of the world high on life and all the beautiful possibilities of such a grand future.

After Musk, PayPal was last seen walking working the back alleys near Ebay HQ in torn pantyhose trying to scrounge a few rubles from a Ukrainian mobster or a few rupees from a horny Hindu to at least fund a hit of crack or two and make it through the day.

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[–] Bitcoin_CEO 0 points 3 points (+3|-0) ago 

Paypal should be offering Bicoin payments. There's innovation we need.

[–] [deleted] 0 points 4 points (+4|-0) ago 

[Deleted]

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[–] HoneyNutStallmans 0 points 0 points (+0|-0) ago  (edited ago)

1) They don't allow sale of BTC on E-bay. I'm not sure if they take action against accounts for trading it through PayPal.

2) Bitcoin for PayPal is a terrible idea. PayPal almost always settles with the buyer and never with the merchant in disputes. Buy some BTC from someone, make a chargeback ("I didn't receive items", and the seller can't offer proof that is acceptable to the buyer) and boom, you just got yourself some free BTC.

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[–] drmoron 0 points 3 points (+3|-0) ago 

Sounds like Paypal is continuing to grow - according to fool.com's article on their upcoming IPO...

"Last year, PayPal's revenue rose 19% annually to $7.9 billion, accounting for 44% of eBay's top line. That outpaced 8% growth at the Marketplace unit, which accounted for 46% of eBay's revenue. PayPal's total payment volume also surged 27% to $48.3 billion. PayPal's operating income rose nearly 16% annually in 2014 to $1.8 billion. By comparison, operating income at the Marketplace unit slipped 0.7% to $3.3 billion."

I'm all for a better alternative payment provider, but so far none have materialized.

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