In individuals, insanity is rare; but in groups, parties, nations and epochs, it is the rule. Friedrich Nietzsche
Since its founding, eBay (NASDAQ: EBAY) has acquired the staggering 59 companies overall. Some of these companies are also in the online auction industry, such as iBazar and Tradera. Some of eBay’s biggest buys were Skype in 2005 and PayPal in 2002.
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Faster checkout time at the register. No swiping or customer searching for credit cards. This could speed up checkout times and encourage repeat business; because slow moving lines at the cash register are a major customer complaint.
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The release stated that Amex card members are “expected to be the first to use Apple Pay in Canada and Australia beginning this year.”
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Pandora has effectively been buying likability by giving a fairly expensive product that it pays for—music—away for free. As I pointed out earlier, The New York Times reported that Pandora paid $446 million in music royalties in 2014.
Read MoreStaples reported online sales of $10.4 billion in 2013, making it a very profitable online retailer. Unfortunately, it is a very profitable online retailer that is saddled with a very unprofitable chain of brick and mortar stores.
Read MoreIt looks as if Apple Pay users are going to have to go out of their way to find a store that accepts it. That doesn’t bode well for a product that’s being sold as a convenient alternative to cash, checks, and credit cards. Apple Pay does not seem to be very convenient at all.
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