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Coinbase acquires Blockr.io
- mads 12y agoUhmm.. what? Wow that must have been some tough negotiations. "We offer you 10k!" .. "aaw comon guys.. 'blockr' is like super cool and shit and i also dated your sister!" .. "grr... okay we give you 12.500 ... okay?"... "okay! See you in the bar, buddy! Hehheh!" ..
- tinkerrr 12y agoCoinbase needs acquisitions. Right now, it's a cash cow charging 1% fees on each buy and sell, but with Circle coming up with their 0% fees, that would change. There's no customer loyalty here, just the cheapest option. If they want to remain competitive in the next 3-5 years, they will need more products and services. Their present revenues are great, but I am not sure that's sustainable based solely on the current business model.
- kolev 12y agoAcquires? It's more like hiring the two guys and buying the source code.