Feb. 5 at 10:55 AM
$PYPL $HOOD
A few years ago i was on CNN talking about Paypal being a wildcard acquirer for Robinhood.
https://www.cnn.com/2022/08/14/investing/stocks-week-ahead
At the time Hood had been decimated post IPO and were struggling to effectively monetize their user base.
This deal made sense at the time and in hindsight based on the contrasting fortunes of the 2 companies involved paypal missed an opportunity here.
There remains a robust acquisition market for fintechs that capture the demos that bigger banks struggle to reach - Gen Z with salaries sub
$100K and around
$25K-50k in investable assets.
I think we see action in this space this year on the M&A front but this was the deal that got away.
