Square to acquire Afterpay for $29B

Re:Square to acquire Afterpay for $29B by paxys on Monday August 02, 2021 @12:42AM (#28032963)

Back when 1B acquisitions were considered incredible most of the world did not know what the internet was. If the size of the pie grows 30X the amount of money in it will as well.

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Re:Square to acquire Afterpay for $29B by throwawayzRUU6f on Monday August 02, 2021 @02:05AM (#28033367)

Just several years ago, Facebook IPO-ed at ~$90B valuation, before sliding all the way down to ~$45B. Facebook was already a giant global corporation with close to a billion active users, nearly all of them from western countries.

AfterPay's valuation puts it at two thirds of mid-2012 Facebook. Up until now, I've never heard of them

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Re:Square to acquire Afterpay for $29B by AQuantized on Monday August 02, 2021 @03:09AM (#28033729)

'several years' in this case being almost a decade

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