good insight and thanks for sharing.... I agree OR they will compete directly with Meli. But this would be equivalent to ebay eating its own young and destroying its equity investment.
ebay doing this could also be a negotiating tactic to get meli to the business table to do a deal. It's probably both.
I like you already yelyacs...you like to connect the dots like me and look at signals and like to assess what they mean. Then we spot a pattern and bet on it. let's help each other do our homework. good luck dude
This is just the start. Hold long. When the shorts shcills and bears get to you just replay the conference call and financial results. We may not get to 30's again. Only if we have a 20% market correction. PAGO is the gem and it has barely even started. Barries to entry to become a PAGO look a like are large.
Also keep in mind that Pago volumes are only 14.4% of total GMV. Paypal volumes are nearly 100% of GMV and eBay expects those numbers to go even higher. Pago should inch up over the next few quarters -- I suspect they can reach 20-25% by end of 2010. That's a lot of growth and room for future growth.
totally agreed Pago is key, revs up almost 60% just like last qtr, contrib'd 35% of increase in total revenues fer Q3 YOY, surpassed Brazil as leading segment for revenue in quarter for first time. Pago now adds 27% of total revenue, and if current trend persists it'll contribute over 50% of meli's revenue within 12 months. And PAgo hasn't even started to follow pay pal's lead in going mobile or opening to new app developers.